Senior Construction Underwriter
Chubb Insurance New Zealand Limited
Compensation
About the role
Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. Chubb is a world leader in insurance. 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 approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
Responsibilities
- Responsible for the profitable development of the Construction line of business within New Zealand and portfolio management in conjunction with the New Zealand Property Manager whilst ensuring achievement of profitable growth objectives.
- Underwrite and negotiate renewals and new business in line with Company Guidelines.
- Establish sound business relationships with the Company's Producers.
- Assist the Growth and Development of the Company by proactively enhancing the Profile of the company through existing and new distribution channels.
- Establish close liaison and working relationships with other Product Line employees to maximise leveraged benefits to Chubb.
- Manage all aspects of underwriting process including, quotation, programme referrals, binding receipt of closings and policy issuance. Recommends changes to standards or procedures where deficiencies have been found.
- Assist with premium collections and monthly reporting as required.
- To be able to assist in the review and negotiation of all manuscript agreed broker wordings to ensure they comply with current market conditions and Chubb underwriting disciplines.
- Performs special projects and other related duties as assigned.
- Establish close liaison and working relationships with the risk management team and refer to them when and where necessary.
- Assists the New Zealand Property Manager in developing plans and objectives to grow the business profitably.
- Work with P&C actuaries to monitor the portfolio performance through loss trending. Be involved in audits (internal and external) and peers reviews to ensure underwriting integrity is maintained.
- Work with legal and compliance to ensure all materials are compliant according to the regulations.
- Monitor New Zealand Earthquake PMLâs in line with set limits.
- Maintain a deep understanding of pricing individual risk exposures
- Assist others in the development of pricing strategies, renewal negotiation strategy and developing game plans on new business submissions.
- Identify, analyse and develop sources of desirable new business opportunities including cross-departmental opportunities
- Provide expertise on accessing opportunities for growth in a speciality, Customer Group or line of business.
Requirements
- Demonstrated effective communication, negotiation and interpersonal skills to be capable of dealing with all levels of Chubb personnel as well as in dealing with agents, brokers and clients.
- Full understanding of the Insurance Industry and how Client/Broker/Insurer relationships operate.
- Proven analytical skills necessary to judge the desirability of complex or unusual risks within assigned specialised line.
- Proven record in insurance sales.
- Must have organisational skills through past Account management experience.
- The ability to be able to respond appropriately to all levels of Clients/Brokers and Chubb personnel.
- Accuracy and attention to detail.
- Demonstrated skill in PC software, Microsoft Office (Word, Excel), Microsoft Outlook and new software as it applies to the position.
- Previous Insurance experience essential â minimum 5 â 10 years. Preferably Construction, Property and or Commercial lines experience.
Benefits
- 401k matching
- Health insurance
- Flight privileges
About the Company
Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. Chubb is a world leader in insurance. 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 approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
Job Details
Salary Range
Salary not disclosed
Location
Auckland, New Zealand, New Zealand
Employment Type
Full-time, Regular
Original Posting
View on company website