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Full-time Underwriting Specialist for Engineering & Construction

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 an Underwriting Specialist for Engineering & Construction to join our Surety Team in Warren, NJ.

The Underwriting Specialist will assist and support the Surety Director in achieving strategic goals and financial targets ensuring strong revenue growth based upon market conditions and credit terms; keep Surety Director informed on all pertinent matters relating to underwriting on accounts, people management, Home Office issues, as well as any new developments in his/her absence; at Surety Director’s discretion, act in his/her absence; demonstrate leadership in his/her respective area and throughout Surety by acting as a positive role model, promoting departmental goals and strategies.

Underwriting/Credit Management:
• Make independent decisions within given authority regarding the acquisition of new business as well as in the underwriting of existing business
• Make independent decisions and recommendations to Surety Director on the acquisition of new business and the underwriting of existing business outside authority limits
• Effectively manage the dual underwriting system and assist the underwriters in their dual underwriting activities
• Work with Surety Director, other Home Office underwriters, Field, Portfolio Manager & General Counsel as part of the overall management and underwriting of the book of business
• Manage the underwriting process to maintain the integrity of the overall surety portfolio
• Ensure accounts comply with credit matrix
• Actively travel as needed to effectively manage respective area, agency and account relationships
• Travel with underwriters, as necessary, to assist and coach them in the underwriting visitation process

• Significant surety underwriting experience either with Chubb or elsewhere
• Excellent written and oral communication skills
• Ability to communicate at all levels of the organization
• Advanced leadership and interpersonal skills
• Exceptional organizational skills
• Ability to prioritize and simultaneously manage multiple responsibilities
• Significant financial and business analytical skills that relate to the surety product line
• Demonstrated ability to make difficult credit and producer management decisions

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 11063.

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 Oct 09, 2012
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