Affinity Solutions Underwriter (Finance)
JOB DESCRIPTION
We are a unique global organization with a culture of individuals passionately committed to our respective crafts. With underwriting at our core, each of us contributes to providing the best insurance coverage and service to our clients. Working together, we are one Chubb. Our highly collaborative, inclusive nature helps us drive better business outcomes through diversity of background, experiences, insights and values. We approach problems with a can-do attitude and are committed to developing deep relationships - all while moving quickly to meet client needs.
A&H Affinity Solutions offers a portfolio of AD&D, supplemental health, MedGap, travel and specialty insurance products on blanket, voluntary and embedded basis. We offer Blanket and Voluntary products marketed to a) Employer groups and their Employees; b) Affinity groups such as associations, financial institutions, and other membership-based groups; and c) Direct Marketing through large distribution partnerships to accountholders of financial institutions and other membership-based groups.
We are seeking a highly skilled and experienced market facing Underwriter for Accident & Health Affinity. As an Underwriter, you will be responsible for reviewing and analyzing insurance proposals to determine the risks and to evaluate the potential of the policies, negotiate terms of the contract, and ensure underwriting policy compliance.
The Underwriter role is a technical position that will support existing business as well as growth initiatives for Affinity. A strong candidate will strive to be 90 days out on all renewals; document the underwriting file well; and contribute profitable production.
Job Responsibilities:
- Drives growth, retention and profitability by utilization strategic actions to optimize a book of business
- Review, assess and evaluate detailed information to determine insurability of applications for new and renewal business, reinstatements and changes to existing policies
- Cultivates mutually beneficial internal and external relationships through effective communication and aligned business interest
- Prepare executive level referrals including profit and loss proforma analysis, business rationale, regulatory considerations, and proposed operational structure
- Proactively develop renewal strategies to maximize retention, drive organic growth and cross sell additional Affinity products
- Negotiates rate and/or plan design enhancements that reaches a mutually acceptable agreement or resolution that satisfies the interests of all parties
- Perform premium, risk and loss analysis
- Collaborate effectively with other departments and stakeholders within the organization to ensure seamless and efficient operations of the underwriting function
- Perform policy self-audits to ensure compliance with Chubb's underwriting guidelines.
- Display creative problem solving and critical thinking in underwriting approach
Applicants will be evaluated based on their experience and skill set relative to the qualifications listed for this position.
QUALIFICATIONS
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.
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.
