Executive Underwriter - Military Veterans

This is an Executive Underwriter position with Westchester, A Chubb Company and is responsible for Westchester's Environmental business.

MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

• 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.
  • Potential for leadership opportunities
  
  

• 5+ years' experience underwriting environmental insurance products


• Bachelor's degree

• Knowledge of insurance industry


• Experience with wholesale brokers


• Leadership skills


• Ability to share knowledge and develop staff


• Ability to review and analyze environmental due diligence


• Ability to review, evaluate and develop coverage forms and endorsements


• Understanding of risk management approaches including risk transfer


• Knowledge of underwriting concepts, practices, and procedures


• Detailed understanding of company Financial Statements (Balance Sheet, Income Statement, 10-K, etc.)


• Negotiation skills


• Marketing skills


• Technical capabilities (ability to work comfortably with various IT systems)


• Internet usage and research


• Ability to work in a collaborative, team environment


• Oral and written communication skills


• Proficiency in typing