Job Information
ACE American Insurance Company Underwriter, Environmental - 12544 in Philadelphia, Pennsylvania
Underwriter, Environmental - 12544
DESCRIPTION/RESPONSIBILITIES: JOB DESCRIPTION The Underwriter's primary responsibility is to underwrite individual risks through a demonstration of the following skills and abilities: * Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer. * Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses. * Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk. * Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods. * 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. * Systems and programs. Ability to use systems and software programs needed to conduct daily business.
MAJOR DUTIES & RESPONSIBILITIES: Duties may include but are not limited to: * Solicits renewal submissions from brokers * Determines terms and conditions and complex rating plans * Binds coverage * Documents the underwriting files * Handles more complex files and portfolios within underwriting authority
*This role operates on a hybrid work schedule (3 days in office, 2 days remote) and must sit in our Philadelphia, PA office
QUALIFICATIONS Qualifications MINIMUM REQUIREMENTS: * 1-2 years of underwriting or environmental-related experience * Bachelor's degree (or equivalent work experience)
DESIRED QUALIFICATIONS: * Knowledge of insurance industry * Knowledge of underwriting concepts, practices, and procedures * Microsoft Word, Excel, and Outlook * Internet usage * Oral and written communication skills * Negotiation skills * Marketing skills
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.