Senior Underwriter, Financial Institutions

Position Responsibilities

• Oversight of financial performance, focusing on profit, rate, retention, and growth.
• Target new business production of $1.3m to $1.7m and manage a renewal portfolio effectively.
• Develop and negotiate pricing, coverage, terms, and conditions for all new business and renewals.
• Implement effective and profitable pricing strategies while adhering to underwriting guidelines.
• Establish and maintain superior relationships with key trading partners, agents, brokers, and clients.
• Conduct regular broker and insured visits to drive submission activity and market penetration.
• Develop and implement a business plan to grow the Financial Institutions book through prospect identification, pipeline development, and strategic market penetration.
• Identify cross-sell opportunities and conduct agency planning and goal setting.
• Work effectively with Underwriting Associates, Risk Consulting, and Claims service teams to retain key renewals and enhance service delivery.
• Collect and share industry intelligence, including trends and developments, to inform strategic decisions and maintain a competitive advantage.

Qualifications

• Bachelor's degree or equivalent experience.
• 5+ years of commercial multi-line underwriting experience, preferably in Financial Institutions P&C placements.
• Solid knowledge of specialty commercial underwriting and insurance industry theories and practices.
• Demonstrated technical expertise and product specific knowledge with experience handling commercial insurance lines.
• Strong analytical skills including financial analysis.
• Demonstrated proficiency in sales, marketing and negotiation.
• Strong interpersonal, communication and relationship building skills.
• Experience developing and executing on marketing plans and prospects.
• Ability to be creative and adaptable in a changing business environment.
• Sound, balanced and timely decision-making skills.
• Knowledge of Microsoft Office Suite as well as other business-related software.

About the Role

The Financial Institutions Senior Underwriter will be based in our Walnut Creek branch and will be responsible for managing a renewal book and generating new business for Financial Institutions business across various programs such as Package, Worker’s Compensation, Auto, General Liability, Umbrella, and International.

Pay

The pay range for this role is $100,000 to $165,000. 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.

Benefits

Chubb offers a comprehensive benefits package, more details on which can be found on our careers website.