Sydney, New South Wales
10 days ago
Construction Underwriter

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.

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.
 

Your Role
As part of our growing Construction team, you will underwrite new and renewal Construction accounts in line with Chubb guidelines, as well as developing business from an allocated panel of brokers within their delegated authority. We're looking for an experienced underwriter, who is highly driven and has excellent relationship management skills to execute on plan and maximise opportunities with these brokers. 

Your Responsibilities

Achievement of the Personal premium budget Underwriting
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
- Recommends account trade off decisions
- Assists manager in providing input on profit analysis, premium planning, market and environment analysis, etc.
- Responsible for underwriting results of assigned producers.
- Working within the Construction department, on an assigned broker panel
- Underwriting a Construction portfolio in accordance with Chubb underwriting strategy
- Select new risks and underwrites renewals for assigned book of business and/or for designated speciality classes or market segments Producer Relations
- Be responsible for profit and premium growth of assigned producers (including producer account control and book composition and analysis).
- Visits assigned producers to discuss risks, communicate Chubb’s business appetites, and to produce new business
- Manages relationships with assigned producers
- Responsible for providing supervisor with input on premium planning variance
 

Your Skills & Experience

Experience in a Construction or Technical Lines Underwriting and Development role with an insurance companyUnderstand advanced pricing techniques (retro rating, composition of experience mod, etc.), when to use, how to use, how to sell, etc.Understand account servicing costsBe familiar with developing marketing plans and handling complex accounts.Understand the broker selection and appointment processMake recommendations for tailoring coverage and Manu scripting policiesAbility to operate and perform well in a team environment, coordinating with Claims, Loss Control, other SBU’s and CIS/ P&C management is requiredHave experience in the interpretation and analysis of claims and appropriate deployment of loss control resourcesDisplay excellent collaboration, communication and negotiation skills both internally and externally


We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. We also offer a flexible working approach via our “My One Thing” initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enrol into the Chubb Limited discounted stock purchasing scheme.

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