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Full-time Specialty UW Associate II

at Chubb in Maryland

For nearly 130 years, the Chubb Group of Insurance Companies has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.

Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 27 countries staffed by 10,100 employees. The Chubb Corporation reported $50 billion in assets and $13 billion in revenues in 2010. According to Fortune magazine, Chubb is the 185th largest U.S.-based Corporation. Forbes listed Chubb as one of America’s 100 Most Trustworthy Companies.

We have emerged as a leader in the insurance industry not only on the basis of our size or our longevity. We consistently strive to build lasting relationships with our customers and 8,500 independent agents and brokers, and we aim to be the best at what we do by delivering unparalleled service and innovative, scalable and specialized products backed by financial strength and third-party endorsements.

Chubb is currently seeking a skilled Specialty UW Associate to join our team in Baltimore, MD.

The Specialty Underwriting Associate contributes to the achievement of customer groups or specialty goals, as well as corporate goals relating to growth, profit, renewal retention, rate, exposure, and service and producer relationships.

For assigned customer groups, the Specialty Underwriting Associate:

• Conducts clearance and processes all transactions in AppReg or Wip/Client.
• Books, binds, and issues new line and renewal policies, mid-term endorsements, and cancellations in applicable rating and issuance systems in accordance with standardized
• Workflows and roles and responsibilities.
• Proactively assists with account management and achievement of service goals.
• Communicates with agents/brokers and underwriters on status of open items.
• Ensures electronic file integrity.
• Processes cancellations, BORs, and countersigning.
• Researches and resolves premium discrepancies and compliance related issues.
• Coordinates renewal process for the underwriter.
• Reviews renewal submission for technical completeness and follows up with producer for missing information.
• Analyzes renewal account-specific information (including, but not limited to, loss
information, financials, application).
• Creates underwriting analysis template and documents template with renewal changes for referral to the underwriter.
• Rates renewal policies and determines pricing strategy in conjunction with underwriter.
• Coordinates the quotation process and completes quote letter for referral to the underwriter.
• Completes and follows up on Manuscript Endorsement Requests.
• Provides new line rating, quoting, and issuance support for template underwriting initiatives (e.g., “Prospecting Campaign” and “Account Rounding”).
• Includes dual accountability to OSD and underwriting management.

Knowledge, skills and abilities:

The individual in this position must have strong communication, multi-tasking, and Organizational skills.

In addition, the individual must demonstrate the following skills:

• Mathematical aptitude.
• Knowledge of standardized workflows, roles and responsibilities, and compliance requirements.
• Knowledge of all applicable rating and issuance systems.
• Knowledge of electronic systems (e.g., WIP, CUW, Producer Inquiry, Countersignature, Non-Resident License Inquiry, MIS, Lotus Notes, Internet).
• High proficiency in Word and Excel.
• A basic knowledge of policy form at minimum.
• Fundamental knowledge of underwriting principles, underwriting information, policy coverage’s and key endorsements.
• Basic understanding of financial concepts and terminology.
• Knowledge of rating/pricing.
• Ability to recognize exposure to loss.
• Ability to identify account rounding opportunities based on knowledge of
• Product/appetite strategies.
• Ability to organize work and perform within time constraints.

Education and Experience:

High School diploma or equivalent.
3 years of underwriting experience preferred.
Previous experience in similar role preferred.

Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by Diversity Inc. magazine, one of America’s most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.

Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.

Apply here! https://www.chubb.apply2jobs.com/ProfExt/index.cfm?fuseaction=mExternal.showJob&RID=10765&CurrentPage=2


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Published on Jun 19, 2012
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