Custom Solutions Renewal Underwriter
As a Custom Solutions Renewal Underwriter you will be accountable for managing a book of business of E&S policies post-issuance. The Renewal Underwriter crafts, documents and underwrites endorsements, inspections, and is responsible for quoting renewal business.
This includes evaluating requests for bespoke solutions with customized language for Premier accounts, understanding of the company’s current CAT strategy, and routing to the appropriate Custom Solutions resource in a timely, efficient, professional and accurate manner.
The successful candidate will also provide solutions for certain international policies along with acting as a resource and contact for commercial exposures as a part of an expanded capabilities approach.
Key Responsibilities
Underwrite issued Custom Solutions policies within assigned territory, which includes applying knowledge of coverage forms, rating plans and guidelines in selection and pricing of individual risks, change requests, and renewals.
Process transactions and renewal business in a timely and efficient manner in order to grow revenues and maintain retention and profitability.
Review, analyze and underwrite endorsements and appraisals by evaluating exposures, rates, policy terms within company underwriting policies.
For exposures outside of your authority, review submission information with the underwriter, research and provide analysis of account information, and ensure overall compliance
Compile and document risk reports
Coordinate reports such as registry, excess tracking, and other servicing reports
Utilize Custom Solutions platform, SharePoint as well as local drives, PLUW, Risk ID, iClaims and other tools in gathering information for account review. Complete risk reports for risk documentation or referral to the Underwriter.
Review, verify and publish all documents and track tools and templates
Research and respond to Producer inquiries on renewals
Serve as the first point of contact for internal and external contacts on account related matters
Competencies
Strong written and verbal communication skills
Math aptitude
Technical knowledge specific to diverse situations and sound judgment to determine appropriate course of action
Strong organization skills
Detail orientation with the ability to compile, evaluate and interpret information and data
Ability to track assignments and follow through with others as necessary
Ability to independently multi-task, perform within time constraints and respond to changing business priorities
Proficiency in MS Word, Excel, and SharePoint
Education and Experience
Bachelor’s degree preferred
Prior P&C insurance industry experience required
Knowledge of underwriting process guides, MS Excel and Word, SharePoint and other manual trackers are required
Comfort with learning electronic underwriting and claims systems and detailed manual processes
The pay range for the role is $70,000 to $90,000. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found at https://careers.chubb.com/global/en/north-america. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.