12 days old

Major Accounts Construction Metropolitan Hub Leader

Chubb
New York, NY 10007
  • Job Code
    331229

Major Accounts Construction Metropolitan Hub Leader (New York
& Pacific Regions)




Chubb is the worlds
largest publicly traded property and casualty insurer. With operations in 54
countries, Chubb provides commercial and personal property and casualty insurance,
personal accident and supplemental health insurance, reinsurance and life
insurance to a diverse group of clients. The company is distinguished by its
extensive product and service offerings, broad distribution capabilities,
exceptional financial strength, underwriting excellence, superior claims
handling expertise and local operations globally.




Key Objectives:

Underwrite
and manage the Major Accounts Primary Construction divisions large and complex
accounts. Working directly for the
Senior Vice President of Primary Construction, be a resource to the divisions
regional underwriting teams and the Chief Underwriting Officer of
Construction. This position will have
direct responsibility for aiding in the achievement of bottom-line profitability
and top-line production goals of the New York and Pacific Regions, to be
achieved through sustainable underwriting and relationship management, while
meeting administrative standards and liaising with the various support centers
within Major Accounts. These units
include Risk Engineering, Claims, Operations, Actuarial, Credit Management,
Legal and Corporate Underwriting. The position requires extensive marketing and collaboration
with other Chubb business units and is located in Chubbs New York branch. Occasional travel will be required to client
meetings and the Pacific Region.




Details of this critical
opening follow:



  • Fundamentals of coverage, terms and conditions. Ability to analyze and decipher coverage, terms and conditions
    which generate a profit for the Company while meeting the needs of the
    customer.
  • Risk Assessment.
    Ability to identify risk exposures, special or common hazards, and
    appropriate controls. Competency to select risk based on exposure and risk
    analysis. Ability to analyze claims and quantify losses.
  • Financial proficiency.
    Understanding of financial statements and ratios used in risk analysis.
    Understanding of insurance financial fundamentals; impact of underwriting
    decisions on company assets. Ability to understand credit risk.
  • Actuarial fundamentals. Ability to understand loss trends, loss triangles,
    and ratemaking. Proficient in basic loss development methodology, loss
    rating and able to quantify risk based on historical experience.
  • Marketing and communications. Ability to sell and negotiate to achieve bottom line
    profitability for the Company. Ability to make presentations and
    communicate articulately. Ability to base communications on strategic
    thinking. Ability to manage producer strategy.
  • Systems and programs.
    Ability to use systems and software programs needed to conduct daily
    business.

MAJOR DUTIES & RESPONSIBILITIES

Duties
will include but are not limited to:




Underwriting
Profitability & Production:



  • Goal achievement With a focus
    on large and complex accounts, achieve new and renewal business goals
    provided by the Senior Vice President of Primary Construction. Lines of business to include Workers
    Compensation, Commercial General Liability and Commercial Auto.
  • Underwriting Integrity
    achieve underwriting standards as outlined within the Primary
    Constructions Divisions Portfolio Management guidance, broader
    divisional underwriting guidelines and authority statements. This includes
    risk selection, pricing & attachments, and meeting rate change and
    pricing adequacy goals set forth by portfolio class and/or line of
    business.
  • Team Participation Take part
    and support where needed in Chubbs annual Kickoff Meetings in January and
    in Chubb Constructions annual underwriting meetings. Participate in Quarter Close meetings
    led by the SVP of Primary Construction and participate in divisional
    underwriting webinars / conference calls when held.

Relationship
Management



  • Be responsible for executing on
    a Stewardship plan for existing book of business and maintain timely
    P&L Statement and Collateral Calculation records for each account.
  • In conjunction with the Chubb
    Construction Industry Practice, Chubbs Field Operations team and the
    Global Client Executive practice, support Chubbs broader strategies on
    account management, targeting business and expanding product offerings
    where applicable. Prepare Executive
    Account Summaries when needed for senior management.

Referral
Management



  • Follow the appropriate referral
    protocols, authority statements and Corporate Underwriting guidance on
    referring applicable business as it pertains to risk selection, pricing,
    exposures, terms and conditions.
  • Act as a resource to the
    Primary Construction field underwriting team on reviewing account
    referrals if needed.

Underwriting
Administration & Audits



  • Ensure proper and timely file
    maintenance and documentation in conjunction with the Divisions
    underwriting file guidance, including accurate & timely policy issuance
    and following appropriate procedures for manuscript forms &
    endorsements.
  • Assist in the Divisions
    corporate underwriting audits and support the Divisions self-audit
    process where needed.
  • Support the Divisions SVP and
    CUO in the underwriting file reviews and audits by the Treaty Reinsurance
    underwriters.

Marketing
  • Execute a marketing plan as set
    forth by the SVP in ensuring a certain number of broker and client visits,
    and in conjunction with Chubbs Construction Industry Practice marketing
    and targeting initiatives.
  • Take part in industry events in
    support of broker and client relationships (such as IRMI, AGC, RIMS) if
    needed.

People
  • Effectively utilize all tools to hire, train, develop and retain the best
    people in the industry.



MINIMUM REQUIREMENTS
  • 10+ years casualty underwriting
    experience
  • Experience underwriting multiple
    lines of insurance including primary Workers Compensation, General Liability
    & Automobile Liability
  • Knowledge of and experience with
    Loss Sensitive Rating Structures and Captive Structures
  • Bachelors degree preferred
  • CRIS designation preferred


DESIRED QUALIFICATIONS
  • Demonstrated analytical, strategic
    planning and organizational skills.
  • Excellent communication, influence
    and negotiation skills with the ability to exercise positive influence over
    formal and informal organizations and management at all levels.
  • Prior experience leading a team of
    underwriters.
  • Proven strategic planning ability as
    evidenced by successful development and implementation of business and marketing
    plans. Previous experience with budgetary/expense management.

Chubb strives to offer a diverse and
inclusive and rewarding work environment. Teamwork and mutual respect are
central to how Chubb operates and we believe the best solutions draw upon diverse
perspectives, experiences and skills. We operate in such a way where
everyone, regardless of their singular background has the opportunity to
contribute to our collective success.



Chubb offers a competitive compensation package and
comprehensive benefits package including life, health and dental, vision, a
generous retirement savings plan, disability coverage, stock purchase plan,
flexible spending accounts, tuition reimbursement, and business casual
dress. At Chubb, we are committed to
equal employment opportunity and compliance with all laws and regulations
pertaining to it. Our policy is to
provide employment, training, compensation, promotion, and other conditions or
opportunities of employment, without regard to race, color, religion, age, sex,
sexual orientation, transgender, national origin, disability, genetic
information, veteran, or marital status, or any other characteristic protected
by law.










Posted: 2019-11-25 Expires: 2019-12-24
Sponsored by:
Farm Credit Services of America Logo
Sponsored by:
Bank of America Logo

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Major Accounts Construction Metropolitan Hub Leader

Chubb
New York, NY 10007

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