Chicago, IL
33 days ago
Underwriting Team Lead

This is an Underwriting Team Lead position with Westchester, A Chubb Company which includes the management of an underwriting team to achieve profitable underwriting results through the growth, development, servicing and underwriting of Westchester's Environmental business. 

MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

Personnel Management Staffing – responsible for the hiring and the development of staff Performance management -- Manages the performance management process for their staff. Individual Production/territory management related duties: Develops and executes on marketing plan for assigned producers and territories Negotiates pricing, terms and conditions for excess and surplus environmental accounts using assigned underwriting authority and company guidelines Risk Assessment/Identifying risk exposures, special or common hazards, and appropriate controls. Selecting risk based on exposure and risk analysis. Analyzing claims and quantifies losses. Financial and mathematical proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Understanding credit risk. Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods. Documents the underwriting files with account review, analysis and conclusions. Ability to rate/quote/bind coverage and has a command of underwriting systems. Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.

MINIMUM REQUIREMENTS:

5+ years’ experience underwriting environmental insurance productsBachelor’s degree

DESIRED QUALIFICATIONS:

Knowledge of insurance industryExperience with wholesale brokersLeadership skillsAbility to share knowledge and develop staffAbility to review and analyze environmental due diligenceAbility to review, evaluate and develop coverage forms and endorsementsUnderstanding of risk management approaches including risk transferKnowledge of underwriting concepts, practices, and proceduresDetailed understanding of company Financial Statements (Balance Sheet, Income Statement, 10-K, etc.)Negotiation skillsMarketing skillsTechnical capabilities (ability to work comfortably with various IT systems)Internet usage and researchAbility to work in a collaborative, team environmentOral and written communication skillsProficiency in typing
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