Senior Property Underwriter

Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies, to ensure we can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self.

Chubb is a world leader in insurance. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE : CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at :

Your Role :

This position will be principally responsible for the underwriting, administration, and operation of an existing Property Portfolio with primary focus / responsibility on the management of many of the larger / complex Fire Risks.

In addition to the existing portfolio, the successful applicant will be required to focus on development of the portfolio by generation of profitable new business.

Your Responsibilities :

• Responsible for the profitable development of the Property lines of business within New Zealand and portfolio management in conjunction with the New Zealand Property Manager whilst ensuring achievement of profitable growth objectives.
• Underwrite and negotiate renewals and new business in line with Company Guidelines.
• Establish sound business relationships with the Company's Producers.
• Assist the Growth and Development of the Company by proactively enhancing the Profile of the company through existing and new distribution channels.
• Establish close liaison and working relationships with other Product Line employees to maximize leveraged benefits to Chubb.
• Manage all aspects of underwriting process including, quotation, programme referrals, binding receipt of closings and policy issuance. Recommends changes to standards or procedures where deficiencies have been found.
• Assist with premium collections and monthly reporting as required.
• To be able to assist in the review and negotiation of all manuscript agreed broker wordings to ensure they comply with current market conditions and Chubb underwriting disciplines.
• Performs special projects and other related duties as assigned.
• Establish close liaison and working relationships with the risk management team and refer to them when and where necessary.
• Assists the New Zealand Property Manager in developing plans and objectives to grow the business profitably.
• Work with P&C actuaries to monitor the portfolio performance through loss trending. Be involved in audits (internal and external) and peers reviews to ensure underwriting integrity is maintained.
• Work with legal and compliance to ensure all materials are compliant according to the regulations.
• Manage and Monitor New Zealand Earthquake PML’s in line with set limits.
• Maintain a high level understanding of pricing individual risk exposures
• Assist others in the development of pricing strategies, renewal negotiation strategy and developing game plans on new business submissions.
• Identify, analyse and develop sources of desirable new business opportunities including cross-departmental opportunities.
• Provide expertise on accessing opportunities for growth in a speciality, Customer Group or line of business.
• The Employee acknowledges that this position may develop to include other tasks, which are commensurate with the Employee’s abilities, in addition to those recorded in this position description.

Qualifications

Skills & Experience :

Tertiary qualification (Business or Statistics) desirable, but not essential.

In return, we offer you the opportunity to work as part of a dynamic and agile environment, with a competitive benefits package, where continuous development is encouraged throughout your career (both professionally and academically).

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