Job Description
We are seeking a highly skilled and experienced insurance professional to join our team as an
Vice President (VP), Underwriting with a focus on
Excess Casualty Programs. This management role is ideal for a motivated and detail-oriented manager who thrives in a fast-paced environment and has a proven track record of success in underwriting real estate accounts. The VP will play a critical role in driving profitable growth, managing underwriting strategies, and ensuring adherence to company guidelines and regulatory requirements.
Key Responsibilities
- Management of an MGA
- Provide direction to the MGA and monitor their execution of your direction
- Keep guidelines and rates up to date
- Manage a team of four Chubb Underwriters
- Pass annual audits
- Underwriting Expertise:
- Evaluate, analyze, and underwrite Excess Casualty Real Estate accounts in accordance with company guidelines and risk appetite.
- Assess exposures, coverage needs, and pricing adequacy to ensure profitability and alignment with business objectives.
- Develop tailored solutions for unique risks within Programs, leveraging creativity and technical expertise.
- Portfolio Management:
- Manage a portfolio of accounts, ensuring balanced risk selection and profitability.
- Monitor and analyze portfolio performance, identifying trends and opportunities for improvement.
- Collaborate with actuarial and claims teams to assess loss trends and refine underwriting strategies.
- Work with Operations to streamline processes that are clerical in nature.
- Business Development:
- Build and maintain strong relationships with Program Administrator to drive new business opportunities.
- Actively participate in weekly, monthly and quarterly call with the Program Administrator to ensure trends in claims, lost business, new business and audits are well understood and communicated.
- Identify opportunities to expand Programs and develop innovative solutions to meet market demands.
- Compliance and Governance:
- Ensure underwriting practices comply with internal policies, regulatory requirements, and industry standards.
- Maintain accurate documentation and records for all underwriting decisions and transactions.
- Collaboration and Leadership:
- Partner with internal teams, including claims, actuarial, and product development, to enhance underwriting processes and product offerings.
- Serve as a subject matter expert for Excess Casualty Programs, providing leadership, guidance and mentorship to junior underwriters as needed.
Qualifications
- Bachelor’s degree in Business, Finance, Insurance, or a related field; advanced degree or professional designations (e.g., CPCU, ARM) preferred.
- Minimum of 7-10 years of underwriting experience, with a strong focus on Excess Casualty Programs.
- Deep knowledge of Excess Casualty insurance products, coverage forms, and market trends.
- Proven ability to underwrite complex risks and develop creative solutions for unique exposures.
- Strong analytical, decision-making, and negotiation skills.
- Excellent communication and relationship-building abilities, with a focus on collaboration and customer service.
- Proficiency in underwriting systems and tools, as well as Microsoft Office Suite.
The pay range for the role is $170,400 to $230,000. 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 on our careers website . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
About Us
Chubb is a world leader in insurance. 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.
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, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
