At a Glance
- Tasks: Assist in underwriting and managing new and renewal business for growth objectives.
- Company: Join the world's largest publicly traded property & casualty insurer with a global presence.
- Benefits: Enjoy competitive salary, annual bonus, private medical cover, and 25 days annual leave.
- Why this job: Be part of a dynamic team, develop your skills, and build strong broker relationships.
- Qualifications: A-Levels or higher preferred; some commercial insurance experience is a plus.
- Other info: Diversity and inclusion are core values; reasonable accommodations available for applicants.
The predicted salary is between 43200 - 72000 Β£ per year.
This job is brought to you by Jobs/Redefined, the UK\βs leading over-50s age inclusive jobs board.
Job Description
Are you an ambitious Underwriter with Motor knowledge? If so, we would love to hear from you!
An expert Motor Underwriter is required to form a key part of Chubb\βs Midlands & South Region Casualty Underwriting Team. The successful candidate will have responsibility for growth of the Portfolio with key Brokers and Clients, whilst maintaining and developing a portfolio of existing accounts predominately for the larger and complex accounts in the region.
Key Responsibilities:
- Financial Goals: To underwrite new business or renewals according to defined underwriting guidelines, specified budget and local business plan.
- Portfolio Integrity: To assist in formulating underwriting strategy, forecasts and portfolio management in order to achieve underwriting profitability. To ensure quality control within defined area of responsibility by undertaking quantitative underwriting reviews, running regular management meetings and peer reviews.
- Product Development: To prioritise and develop products within area of specialist expertise in order to improve client retention and new business. This may involve collaborating with peers within and across business divisions in Europe as well as globally.
- Producer Management: To represent and promote Chubb corporately to brokers, internal and external clients. This may involve servicing key producers and clients, monitoring business acquisition and retention as well as maximising cross-selling opportunities.
- Procedures: To meet company standards in respect of policy documentation, timeframe for quoting new and renewal business and compliance issues.
- Operational Management: To manage junior colleagues by using the Chubb PMP and peer review process as well as providing mentoring, training and coaching where appropriate. In so doing, ensuring a high quality underwriting team. To prioritize to meet business objectives.
- Chubb Representative: To represent and promote Chubb and maintain a permanent contact with internal colleagues and clients as well as major clients.
Qualifications
- An experienced professional who is recognised externally for their considerable market experience.
- Possesses a comprehensive understanding and working knowledge of legal liability and casualty underwriting and continues to develop technical knowledge & skills.
- Experience of underwriting multinational programmes is preferred.
- Significant experience of the Insurance market and competitors, and of dealing with brokers and clients.
- Possesses broader business skills β communication, organisation, IT, presentation, and negotiation skills.
- Results driven with the ability to make own decisions and work on own initiative.
- Experience of leadership, training, mentoring and people development
- ACII & IOSH/Nebosh qualifications are preferred but not essential.
What we offer in return!
- Competitive salary, annual bonus & pension scheme
- 25 days annual leave plus ability to purchase 5 additional days
- Private Medical cover, Employee Share Purchase Plan, Life Assurance
- Subsidised gym membership, Comprehensive Learning & development offering, Networking, mentoring & development opportunities.
- 1 day annual Charitable leave, Cycle to work scheme, Employee Assistance program.
Integrity. client focus. respect. excellence. teamwork
Our core values dictate how we live and work. We\βre an ethical and honest company that\βs wholly committed to its clients. A business that\βs engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that\βs collaborative and supportive.
Diversity & Inclusion. At Chubb, we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
About Us
Chubb is a world leader in insurance. With operations in 54 countries, 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. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
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Senior Motor Underwriter employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Senior Motor Underwriter
β¨Tip Number 1
Familiarise yourself with the specific casualty lines and products that Chubb offers. Understanding their portfolio will not only help you in interviews but also demonstrate your genuine interest in the role.
β¨Tip Number 2
Network with current or former employees of Chubb, especially those in underwriting roles. They can provide valuable insights into the company culture and expectations, which can be beneficial during your application process.
β¨Tip Number 3
Prepare to discuss your approach to building broker relationships. Think of examples from your past experiences where you've successfully developed professional connections, as this is a key aspect of the role.
β¨Tip Number 4
Stay updated on industry trends and news related to property and casualty insurance. Being knowledgeable about current events can help you engage in meaningful conversations during interviews and show your commitment to the field.
We think you need these skills to ace Senior Motor Underwriter
Some tips for your application π«‘
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and casualty lines. Emphasise any commercial insurance experience and your ability to develop relationships, as these are key aspects of the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention specific examples of how your skills align with the responsibilities outlined in the job description, particularly your experience in managing new and renewal business.
Showcase Your Analytical Skills: Since the role requires analytical and financial analysis skills, include examples in your application that demonstrate your problem-solving abilities and how you've used data to make informed decisions in previous roles.
Highlight Team Collaboration: The job emphasises collaboration with internal stakeholders. Provide examples of past experiences where you successfully worked within a team environment, showcasing your interpersonal and communication skills.
How to prepare for a job interview at Chubb
β¨Know Your Underwriting Basics
Brush up on your knowledge of casualty lines and underwriting principles. Be prepared to discuss how you would apply these in real-world scenarios, as this will demonstrate your technical understanding and readiness for the role.
β¨Build Rapport with Brokers
Since developing strong broker relationships is key, think of examples from your past experiences where you've successfully built professional relationships. Highlight your communication skills and how you can maintain positive interactions.
β¨Showcase Your Analytical Skills
Prepare to discuss your analytical and problem-solving abilities. You might be asked to analyse a case study or provide insights on how you would approach a specific underwriting challenge, so practice articulating your thought process.
β¨Emphasise Team Collaboration
This role requires collaboration with various internal stakeholders. Be ready to share examples of how you've worked effectively in teams, highlighting your ability to contribute to group objectives while also taking initiative.