Logo of Huzzle

Home

Matches

Explore

Manage

Property Underwriter, NUC

image

Chubb

3d ago

  • Job
    Full-time
    Mid & Senior Level
  • Melbourne

AI generated summary

  • You need property or underwriting experience, strong communication skills, innovative mindset, pricing knowledge, and ability to tailor policies. A bachelor's degree is required.
  • You will underwrite policies, manage producer relationships, evaluate risks, achieve financial targets, communicate claim activities, and support process improvements while training others.

Requirements

  • Property and or Underwriting experience
  • Looks for solutions to unique underwriting situations.
  • Consistently displays initiative and seeks opportunities to innovate
  • Understands pricing techniques and underwriting margin
  • Understands and interprets policy wordings
  • Understands the underwriting appetites of the other departments and how those relate to interdepartmental accounts.
  • Makes recommendations for tailoring coverage and manuscripting policies.
  • Is familiar with the products / services of key competitors.
  • Is comfortable with a wide range of negotiation techniques.
  • Is a clear and concise communicator
  • Has demonstrated ability to work well with people and influence decisions.
  • Desire and ability to cross train in other Property & Casualty lines of business
  • University bachelor’s degree or equivalent

Responsibilities

  • Achievement of the Personal premium budget
  • Achieve financial targets in relation to Rate and Retention of allocated portfolio
  • Underwriting
  • Underwriting authority in all lines.
  • Within scope of delegated authority:
  • Evaluates and accepts or declines new lines, renewals and endorsements.
  • Evaluates and makes recommendation for acceptance or declination on risks which exceed authority.
  • Assists manager in providing input on underwriting results, profit analysis, market environment, competitor analysis and as required for ad hoc reports and projects.
  • Responsible for underwriting results of assigned portfolio.
  • Maintain awareness of claim activity with assigned book and communicate with stakeholders as needed
  • Contribute towards the continual development and improvement of the renewal process
  • Producer Relations
  • Actively develop & manage producer relationships, dealing with queries and handling any issues arising
  • Ensure stakeholders are aware of market & producers challenges
  • People Development
  • May have responsibility for assisting in underwriting training and producer relations.
  • Property and or Underwriting experience
  • Looks for solutions to unique underwriting situations.
  • Consistently displays initiative and seeks opportunities to innovate
  • Understands pricing techniques and underwriting margin
  • Understands and interprets policy wordings
  • Understands the underwriting appetites of the other departments and how those relate to interdepartmental accounts.
  • Makes recommendations for tailoring coverage and manuscripting policies.
  • Is familiar with the products / services of key competitors.
  • Is comfortable with a wide range of negotiation techniques.
  • Is a clear and concise communicator
  • Has demonstrated ability to work well with people and influence decisions.
  • Desire and ability to cross train in other Property & Casualty lines of business

FAQs

What is the primary purpose of the Property Underwriter role at Chubb?

The primary purpose of this role is to contribute to the achievement of department, branch, and corporate goals related to profit, growth, service, producer and client relations.

What are the key responsibilities of a Property Underwriter?

Key responsibilities include achieving financial targets, underwriting authority in all lines, evaluating and accepting or declining new lines, managing producer relationships, and assisting in underwriting training.

What qualifications are required for the Property Underwriter position?

A property and/or underwriting experience is required, along with a university bachelor’s degree or equivalent preferred.

Is experience in underwriting necessary for this role?

Yes, property and/or underwriting experience is necessary, as well as a strong understanding of pricing techniques, underwriting margins, and policy wordings.

How does Chubb approach workplace flexibility?

Chubb is open to discussing workplace flexibility in all vacancies to accommodate individual needs, differences, disabilities, and working arrangements.

What kind of development opportunities does Chubb offer for its employees?

Chubb offers opportunities for continuous development throughout your career, both locally and globally, including assistance with education.

Are there any specific skills or traits that are desirable for this role?

Desirable skills include the ability to seek solutions, display initiative, communicate clearly, negotiate effectively, and work well with people to influence decisions.

How does Chubb support health and wellbeing for its employees?

Chubb promotes health and wellbeing by offering discounted health insurance, daily breakfast, fresh fruit, and other wellness initiatives.

What is the work culture like at Chubb?

Chubb fosters a dynamic and agile work environment that encourages continuous development and inclusivity.

Is there an opportunity for cross-training in other lines of business?

Yes, there is a desire and ability for employees to cross-train in other Property & Casualty lines of business.

image

Chubb

The world's largest publicly traded property and casualty insurance company

Finance
Industry
10,001+
Employees
1882
Founded Year

Mission & Purpose

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide.