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Full-time Senior Underwriter - 5-10 Years of Commercial Underwriting Needed

at Chubb in New Jersey

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 Commercial Lines Underwriter to join our team in Whitehouse Station, NJ.

Position Description:
The Commercial Lines Underwriter will be responsible for reviewing and evaluating renewal and new business accounts in accordance with established underwriting guidelines. The incumbent will manage accounts of all sizes with a focus on mid to large market commercial lines business and be responsible for an $8-9,000,000 book of business. Lines of business include package, automobile, Worker’s compensation and umbrella. The candidate will work closely with Chubb international underwriters and US brokers to coordinate pricing, coverage and terms and conditions as part of a global program. The candidate will provide account management services that will integrate the US coverage into a worldwide insurance program. The incumbent is responsible for managing profit, retention, rate and growth. They will be responsible for conducting renewal review and development of new business for the territory assigned. They must be able to work effectively and collaborate with underwriters, underwriting associates, claims and loss control. The underwriter will be responsible for building relationships with US brokers and international underwriters. The position may require periodic travel. This position affords high visibility with key Home Office Line of Business and Customer Group Managers.

Job Requirements:
The position requires a strong service orientation to facilitate positive relationships with brokers as well as our international colleagues. The candidate should have solid knowledge of commercial underwriting and insurance industry practices. He/she should also demonstrate technical expertise, and specific product knowledge.

Competencies/Technical Skills:
- 5-10 years underwriting US property, package, automobile, worker’s compensation and umbrella
- Experience in pricing large accounts, use of SIR and deductible and working knowledge of Letter of Credit
- Demonstrated ability to think creatively
- Adaptability to change in business environment
- Proven time and desk management skills
- Proven organizational skills
- Experience with handling complex accounts
- Proven technical expertise and product specific knowledge
- Strong (verbal and written) communication, interpersonal and negotiation skills
- Ability to work independently, show initiative, while demonstrating strong collaboration skills in a team environment
- Solid organizational and analytical skills
- Sound account management skills
- Leadership and coaching skills
- Proven successful sales skills
- Working knowledge of Microsoft Office Suite as well as other business-related software

Bachelor’s degree or equivalent experience

The ideal candidate will have a strong business acumen including but not limited to the ability to: interact effectively with internal and external business partners, adapt to a changing market place and business environment, work with cultural diversity, and develop marketing plans including producer education.

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

All interested applicants must apply online at Reference Requisition number 11126.

Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.

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Published on Sep 18, 2012
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