FinanciaI Institutions Underwriter

Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 28 countries staffed by 10,600 employees. The Chubb Corporation reported $50.6 billion in assets and $14.1 billion in revenues in 2007. According to Fortune magazine, Chubb is the 176th largest U.S.-based corporation. The magazine also includes Chubb in its list of Americas Most Admired Companies. Forbes listed Chubb as one of Americas 400 Best Big Companies.


Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.

Currently, Chubb is seeking a Financial Institutions Underwriter for the Chicago, IL office.

This position is responsible for profitable growth of assigned complex book of business and/or specialty area.

Job Responsibilities:
(Pay band subject to change based on candidates experience level)
This position is a replacement for an open position in DFI which will move into the SRC


Evaluates complex business for coverage eligibility. Accepts, modifies or rejects risks based on a review of business in terms of loss experience and nature of risk in accordance with company/CSI guidelines and standards.

Maintains underwriting quality standards. Includes appropriate file documentation relating to final underwriting decision.

Serves as point person for assigned DFI (Financial Institution) key accounts and alpha agents, as appropriate. Develops/maintains strong working relationships by maintaining effective communications and visibility. Includes creating/executing on key account client and producer visitation plans.

For key account and assigned DFI (Financial Institution) producers, develops/executes effective sales and marketing strategies to generate profitable new/renewal business growth.

Generates new business opportunities within area of expertise. Includes driving new alliances, cross-selling and cross-commercial opportunities. Collaborates with Branch and Marketing, as appropriate, to retain and write new business.

Collaborates with Branch in educating producers on products, services, automation, and underwriting standards as well as sales/marketing techniques. Includes facilitating field producer education events, CE courses and product fairs within area of underwriting expertise.

Informs manager of coverage and/or product opportunities/weaknesses impacting growth potential. Gathers pertinent competitive information to assist in developing product development recommendations.

Provides support in a mentoring role to other team members, as appropriate

Experience and competencies:

Underwriting Acumen: Demonstrates deep technical knowledge of financial institution (DFI) and competitor products within area of expertise. Includes strong understanding of DFI/CSI playbook requirements and competitive market.

Negotiation/Deal Making: Ability to find creative solutions that strike appropriate balance between insured's and producer's needs while adhering to company's underwriting protocols and capabilities.

Consultation/Collaboration: Ability to work collaboratively with multiple stakeholders. Demonstrates effective consultation and partnering skills within defined territory (East or West), Home Office, Actuarial, Specialty Claims, General Counsel, IT, L&D, and Marketing.

Account and Agency Management: Demonstrated ability to build strong key account and alpha agency relationships under changing market conditions. Maintains visibility through periodic communications and visits.

Communications: Demonstrated ability to differentiate the Chubb proposal by effectively articulating (verbally and in writing) CSI - DFI strategy, appetite and capabilities.

Self-Management: Self-directed; works effectively as an individual contributor and team player.

Specialty in one of the following lines:

Financial Institutions - asset management (mutual funds, VC, hedge funds, family offices, private RE funds) Banks, Trusts, Security Firms

4 year college degree or equivalent work experience
Requisite complex business underwriting experience varies by level

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 DiversityInc magazine, one of Americas 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.

All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 6898.