Strata Underwriter, Nsw - Sydney, Australia - Chubb

Chubb

Verified Company

Sydney, Australia

1 week ago

Posted by:

Olivia Brown

beBee Recruiter

Description

Your Role:

The primary purpose of this role is to contribute to the achievement of department, branch, and corporate goals relative to profit, growth, service producer and client relations.

Your Responsibilities:

Book Management

Achieve new business, rate and retention targets for assigned book of business to support the achievement of Unit/SBU/Branch revenue and profit goals via a number of key strategies, including:

Design and implementation of effective portfolio analysis, profit and retention strategies
Collaboration with NUC and other internal customers regarding book management strategy and maintenance of "one voice" with brokers; provide feedback and possible solutions to NUC
Monitoring/reporting on status of open claims for assigned accounts (or in area of speciality) and make recommendations
Thorough and considered preparation for account reviews with management, demonstrating knowledge of risk, industry, competitive environment and Chubb's products and capabilities

Underwriting Quality and Compliance

Adhere to appropriate underwriting, compliance and file documentation standards and workflows to support the achievement of Branch/SBU revenue and profit goals
Within scope of delegated authority, evaluate and accept or decline new lines, renewals, and endorsements
Evaluate and make recommendation for acceptance or declination on risks which exceed authority
Recommend account trade off decisions
As appropriate, provide input to Manager on profit analysis, premium planning, market and environment analysis

Sales and Marketing

Achieve individual producer targets as specified in goals/business plan
Develop and/or implement an effective business development strategy to prospect for new business across SBU/product lines and broker segments. This includes collaborating with key internal stakeholders to maximise sales and marketing outcomes
Actively and effectively manage sales pipeline to identify and develop new business prospects

Broker and Key Account Management

Manage broker and key account relationships for assigned territory through proactive communication, visitation, and collaboration with key internal and external stakeholders to retain and grow the business
Visit assigned producers to discuss risks, communicate Chubb's business appetites, and to produce new business
Monitor assigned producers' performance by analysing quality, volume and mix of business by producer. Determine degree on conformity to department underwriting and marketing goals; rectifies deviations; communicate suggestion and results to manager
Plan and execute a regular and ongoing quality underwriting travel program to promote understanding of and support for underwriting and marketing goals. Travel includes the ongoing solicitation of new business and presentations to prospective producers
Responsible, appropriate, and strategic management of resources and expenses associated with the above activities

Collaboration

Work with colleagues at all organisational levels to promote and foster effective and constructive teamwork.

Key Initiative and Innovation

Via active engagement with internal and external stakeholders, identify initiatives which add value in support of business innovation, success and growth
Demonstrable ability to proactively identify and implement intelligent solutions to unique underwriting situations
Working knowledge of the key accounts in the Branch
Understanding the underwriting appetites of the other departments and associated relationships with interdepartmental accounts
Judgement, experience, and confidence to make appropriate recommendations for tailoring coverage and manuscripting policies
Familiarity with the products / services of key competitors
Demonstrable capacity and efficacy in utilising negotiation strategies to achieve constructive business outcomes
Demonstrated ability to work well with people and influence decisions

We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally.

We also offer a flexible working approach via our "My One Thing" initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enrol into the Chubb Limited discounted stock purchasing scheme.