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Senior Underwriter - P&C Insurance in Chicago at QBE

Date Posted: 9/26/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Chicago
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/26/2018

Job Description

Implement Corporate Insurance business strategy by assisting with business development and growth through building relationships within assigned customers and applying sound decision-making to underwrite business that contributes to a profitable portfolio. Responsibilities include new business production, renewal retention and the overall profitability of assigned book of business within a region. This role is critical for driving region results with a strong focus on agency relationships.

Primary responsibilities

  • Review, evaluate and price moderately complex business by applying sound underwriting judgment and adhering to company policy and state regulations within established authority
  • Underwrite moderately complex insurance risks in accordance with the business plan and the personal authority to meet business objectives including negotiating rates, terms and conditions for existing and new business, managing production and issue of contract documentation, ensuring compliance with internal and external regulations and guidelines, and ensuring contribution to the business plan and objectives
  • Ensure review and analysis of the portfolio to identify progress toward business objectives
  • Research and obtain market intelligence in order to enhance organizational profit goals
  • Develop and manage assigned agents using the Agency Company Business Plan (ACBP) process
  • Comply with all legal and regulatory requirements to ensure obligations are met
  • Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
  • Contribute to recording and measurement of insurance risks to ensure accuracy and good practice
  • Understand and comply with any reinsurance requirements to minimize risk and to deliver business plan objectives
  • Establish and maintain relationships with producers and customers to understand their needs and sell products that respond to their needs
  • Foster strong partnerships with customers by informing on new products and programs, communicating opportunities for continuous improvement and clarifying and explaining underwriting decisions to ensure understanding of corporate underwriting goals and objectives
  • Contribute to assigned special projects by assisting with corporate underwriting audits, participating in department product and process improvement initiatives
  • Contribute to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value “can do” people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun
  • Adopt QBE values in personal work behaviors, decision-making, contributions and interpersonal interactions; manage own career development by soliciting feedback and valuing other perspectives


Required Qualifications

Education

Bachelor’s Degree or equivalent combination of education and work experience

Business, insurance, or related field

Experience

5 years relevant experience



Preferred Qualifications

Experience

P&C industry experience

Licenses/Certifications

Chartered Property Casualty Underwriter (CPCU); Certificate of General Insurance (INS); Associate in Insurance Production (AIP)

Knowledge

  • Broad working knowledge of corporate underwriting products and insurance concepts
  • Broad working knowledge of Microsoft Office Suite
  • Broad working knowledge of underwriting processes and procedures
  • Broad working knowledge of laws and regulations related to area of responsibility
  • Broad knowledge of risk profiling, pricing tools and loss models
  • Corporate underwriting business acumen

Skills

  • Use multiple resources to gather and analyze information and use logic to underwrite complex risks
  • Use wise, astute and insightful judgment and individual credibility to make autonomous, sound underwriting decisions
  • Prioritize interests of the company and community during decision-making
  • Effectively and efficiently present logic, reasoning, and analysis to managers
  • Negotiate skillfully in tough situations with both internal and external groups to settle differences with minimum noise
  • Win concessions without damaging relationships
  • Recommend improvement opportunities and translate them into tangible business deliverables
  • Efficiently and appropriately prioritize and delegate tasks to ensure timely goal achievement

Abilities

  • Ability to analyze data and use for decision making
  • Clearly and confidently convey information to a wide audience
  • Show drive and initiative
  • High attention to detail
  • Act fairly, ethically and with integrity when decision-making
  • Maintain confidentiality of private or sensitive information
  • Multi-task and handle competing priorities; adapt and be flexible in a complex changing environment
  • Keep an open mind, consider unique approaches and be open to change and considerable variety in the workplace
  • Professional, polished, poised and positive demeanor
  • Share knowledge and mentor others


Work environment

Travel frequency

Occasional (approximately 5-10 trips annually)

Physical demands

General office jobs

Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions. Must have the ability to remain in a stationary position for extended periods of time. Must be able to operate basic office equipment including telephone, headset and computer. Incumbent must be able to lift basic office equipment up to 20 pounds.

Number of Openings:

1

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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The companies of QBE North America are committed to equal employment opportunities. All qualified applicants will receive consideration for employment without regard to age, disability, marital or parental status, national origin, citizenship, race, color, religion, sex, sexual orientation, or veteran status. All personal information contained in this application will be kept confidential as required by law.