Senior Financial Lines Underwriter, VIC
Chubb
- Docklands, VIC
- Permanent
- Full-time
- Assist in the positioning and negotiations associated with delivering profitable transactions to achieve financial plans for all applicable product lines in the Major
- Accounts Division.
- Follows established underwriting guidelines for Financial Lines products and within the scope of delegated authority, determines acceptability of new lines and renewals.
- Utilises appropriate endorsements and applies adequate pricing structure.
- Consults with LOB product managers on risks exceeding delegated authority.
- Provide technical leadership for underwriting/marketing in the LOB product or MAD including risk referrals and portfolio management; serves as a resource regarding unique coverage needs Consult with State Distribution Manager on retention and prospecting activity
- Provide expertise in speciality line of business to major customers, brokers and MAD team.
- Maintains awareness of claim activity with assigned book and communicates with adjusters as needed.
- Monitors underwriting results and premium and loss trends.
- Oversees underwriting judgement and authority of less experienced members of staff.
- Identify, analyse and develop sources of desirable new business opportunities including cross-departmental opportunities.Cultivate “zero relationship” prospects and “one-line” accounts into future Chubb clients.
- Preparing, delivering and negotiating quotations.
- Actively participate in business development activities through regular team meetings.
- Build and maintain long term relationships with key producers and insureds; deals with producer principals on complex underwriting issues.
- Reviews performance reports, inforce accounts, and makes quality-control recommendations.
- Visits producers and insureds alone and with senior staff in order to communicate Chubb philosophy and increase market share.
- Increase producers and insureds awareness of appetite, products and advantages through product presentations.
- Participates in joint travel with members of MAD. When appropriate, participates in department presentations to prospective insureds and producers.
- Establishes and maintains travel program with other MAD team members.
- Degree qualified
- Strong working knowledge of Financial Lines insurances.
- High degree of technical underwriting ability; oral and written communication, negotiation and presentation skills; Ability to effectively interact with brokerage, customer and internal stakeholders at all levels.
- Develop creative solutions to unique underwriting situations through making recommendations for tailoring coverage and manuscripting policies.
- Understand advance pricing techniques and modelling.
- 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.
- Track record of high achievement in a team-based and results-oriented culture.
- Familiar with the products / services of key competitors.
- Have experience in the interpretation and analysis of claims and appropriate deployment of loss control resources.
- Strong communication skills: To assure healthy exchange of information & impediments
- Proven ability to seek out new distribution sources
- Possess or quickly obtain knowledge of Chubb's global capabilities and financials and ability to communicate that information to existing or new customers at all levels.
- Working knowledge of Microsoft systems including Excel Word and PowerPoint.