Financial Lines Underwriter, VIC at Chubb

Melbourne, Victoria, Australia -

Full Time

Start Date

Immediate

Expiry Date

16 Jul, 26

Salary

0.0

Posted On

17 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Risk assessment, Financial lines insurance, Financial institutions sector knowledge, Pricing structure, Claims management, Performance reporting, Market analysis, Producer relations, Negotiation, Presentation skills, Communication, Business development, Technical underwriting

Industry

Insurance

Description

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. We are open to discussing workplace flexibility in all our vacancies, to ensure we can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self. 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. Your Role The primary purpose of this role is to assist in the development and accomplishment of goals established for profit, growth, service and producer relations for all classes of business. Your Responsibilities: Underwriting Process / Analysis * Follows established guidelines and within the scope of delegated authority, determines acceptability of new lines and renewals. * Utilises appropriate endorsements and applies adequate pricing structure. * Consults with manager on risks exceeding delegated authority. * Maintains awareness of claim activity with assigned book and communicates with adjusters as needed. * Monitors underwriting results and premium and loss trends. * Oversees underwriting judgement and authority of less experienced members of staff. Production * Analyses and monitors quality, volume and mix of business for assigned producers. * Reviews performance reports, enforce accounts, and makes quality-control recommendations. * Visits producers and insureds alone and with senior staff in order to communicate department philosophy and increase market share. * Increase producers awareness of appetite, products and advantages through product presentations. * Participates in joint travel with members of other underwriting departments. When appropriate, participates in department presentations to prospective producers. * Establishes and maintains travel program with less experienced staff in order to assist in development of marketing techniques. * Active participation in business development activities, including drafting and distribution of market letters to key producers.

Responsibilities

The role involves managing underwriting processes, assessing risk acceptability, and monitoring premium and loss trends within delegated authority. Additionally, the underwriter will focus on business development by visiting producers, increasing market share, and providing product presentations.