Home Australia Financial Lines Underwriter (Fixed Term Contract)

Home Australia Financial Lines Underwriter (Fixed Term Contract)

Financial Lines Underwriter (Fixed Term Contract)

Full time at a Laimoon Verified Company in Australia
Posted on April 23, 2024

Job details

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, while also contributing as a technical underwriter with respect to Financial Lines products. This role extends to fostering relationships with customers and brokers by demonstrating Chubb's commitment to deploy its global coverage and risk management capabilities to meet the specialised needs of customers. Your Responsibilities:Achievement of the Personal Premium BudgetUnderwriting Process / Analysis• Assist in the positioning and negotiations associated with delivering profitable transactions to achieve financial plans for all applicable product lines.• Follows established underwriting guidelines for Financial Lines products and within the scope of delegated authority, determines acceptability of new lines and renewals. • Utilises appropriate endorsements and applies adequate pricing structure.• Consults with LOB product managers on risks exceeding delegated authority.• Provide technical leadership for underwriting/marketing in the LOB product including risk referrals and portfolio management; serves as a resource regarding unique coverage needs Consult with State Distribution Manager on retention and prospecting activity.• Provide expertise in speciality line of business to customers, brokers and wider team.• 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 / Relationship Management• Identify, analyse and develop sources of desirable new business opportunities including cross-departmental opportunities.• Cultivate "zero relationship" prospects and "one-line" accounts into future Chubb clients.• Preparing, delivering and negotiating quotations.• Actively participate in business development activities through regular team meetings.• Build and maintain long term relationships with key producers and insureds; deals with producer principals on complex underwriting issues.• Reviews performance reports, enforce accounts, and makes quality-control recommendations. • Visits producers and insureds alone and with senior staff in order to communicate Chubb philosophy and increase market share.• Degree qualified.• Working knowledge of Financial Lines insurances.• Degree of technical underwriting ability; oral and written communication, negotiation and presentation skills; Ability to effectively interact with brokerage, customer and internal stakeholders at all levels.• Develop creative solutions to unique underwriting situations through making recommendations for tailoring coverage and manuscripting policies.• Understand pricing techniques and modelling.• Be familiar with developing marketing plans and handling complex accounts.• Understand the underwriting appetites of the other departments and how those relate to interdepartmental accounts.• Track record of high achievement in a team-based and results-oriented culture. • Familiar with the products / services of key competitors.• Have experience in the interpretation and analysis of claims and appropriate deployment of loss control resources.• Strong communication skills: To assure healthy exchange of information & impediments.• Proven ability to seek out new distribution sources.• Possess or quickly obtain knowledge of Chubb's global capabilities and financials and ability to communicate that information to existing or new customers at all levels.• Working knowledge of Microsoft systems including Excel Word and PowerPoint.

Apply safely

To stay safe in your job search, information on common scams and to get free expert advice, we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organization working to combat job scams.

Share this job
See All Financial Jobs
Feedback Feedback