Job description

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

Chubb Australia is currently experiencing a period of accelerated growth, and as we continue to excel and make our mark in the local market, we are looking for high potential individuals to join our dynamic and fast paced team.

Your Role

The position of Senior Property Underwriter is within our WA Property team. The position involves the underwriting of new and renewal Property accounts in line with Chubb guidelines as well as developing business from an allocated panel of Corporate brokers within their delegated authority.

It therefore requires an ability to build and maintain relationships with a panel of brokers and tenacity and skill in pursuing target accounts. It also requires that the individual establishes and executes business plans to maximize opportunities with those brokers.

Within Chubb the role requires that the individual coaches and develops less experienced staff, both in technical and soft skills and is able to demonstrate enthusiasm and an ability to make decisions both independently and in collaboration with colleagues and/or managers.

Your Responsibilities:
Achievement of the Personal premium budget

Commercial Underwriting Process / Analysis

Working within the Brisbane Property department, on an assigned Corporate broker panel

Writing a MD/BI portfolio in accordance with Chubb underwriting strategy

Select new risks and underwrites renewals for assigned book of business and/or for designated speciality classes or market segments

Organise and presents significant, complex accounts to Branch, Zone or Home Office for approval as applicable

The role is split between development work and managing the existing account

Accounts include a mix of multi-national and Australian domestic business; typical premium size ranges from $25,000 to $1,000,000

Key player on multi-departmental accounts

Provide technical leadership for underwriting/marketing in the department or branch including risk referrals and portfolio management; serves as a resource regarding unique coverage needs

Provide expertise in a speciality given Customer Group or line of business

Maintain a high level understanding of pricing individual risk exposures

Assist others in the development of pricing strategies, renewal negotiation strategy and developing game plans on new business submissions

May serve as a higher level of underwriting authority for others in branch.

Relationship Management

Identify, analyse and develop sources of desirable new business opportunities including cross-departmental opportunities.

Preparing, delivering and negotiating quotations

Participation in branch 'broker marketing teams'

Build and maintain long term relationships with key producers and insureds; deals with

producer principals on complex underwriting issues.

Present to prospective producers; may initiate new producer appointments.

Identify and shares information within the Branch, Zone or National department regarding competitors products and underwriting.

Provide expertise on accessing opportunities for growth in a speciality, Customer Group or line of business.

Communication

Delivering product and capability presentations both internally and to Brokers and clients

Preparing, delivering and negotiating quotations

Reporting to department manager for growth, profitability, etc of assigned brokers & Accounts.

Coaching

Taking referrals and providing training and guidance to less experienced staff.

Qualifications
Your Skills and Experience

+5 years experience in a Property or Package Underwriting and Development role with an insurance company

Develop creative solutions to unique underwriting situations

Understand advanced pricing techniques (retro rating, composition of experience mod, etc.), when to use, how to use, how to sell, etc.

Understand account servicing costs

Be familiar with developing marketing plans and handling complex accounts.

Understand the underwriting appetites of the other departments and how those relate to interdepartmental accounts

Understand the broker selection and appointment process

Make recommendations for tailoring coverage and manuscripting policies

Familiar with the products / services of key competitors

The ability to operate and perform well in a team environment, coordinating with Claims, Loss Control, other SBU’s and CIS/ P&C management is required

Have experience in the interpretation and analysis of claims and appropriate deployment of loss control resources

Display excellent collaboration, communication and negotiation skills both internally and externally

Demonstrate ability to effectively train entry level underwriters and to orient new experienced hires

Working knowledge of Microsoft systems including Excel Word and PowerPoint.

Employment Status: Permanent- Full Time

Applications Open: 09/12/2022

Applications Close: 09/01/2023

Chubb is committed to equal employment and celebrates individual differences by creating a workplace environment in which everyone feels welcomed, respected and valued. We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. Some additional benefits offered include a flexible working approach via our “My One Thing” initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enrol into the Chubb Limited discounted stock purchasing scheme.

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