Chubb
AVP, Regional Property Underwriting Manager
Chubb, New York, NY
Job Description
AVP -Regional Property Manager
We are looking for a strategic and dynamic leader to partner with branch and distribution management to profitably grow the NYC Property book which is currently $30,000,000.
Responsibilities:
Responsible for the profit, growth and fostering of internal and external relationships of a Commercial Insurance Property book within the New York Region. Directly accountable for the middle market Property branch underwriting operation and results, including driving new business production and retention efforts in New York City. Responsible for matrix reporting of Property business in NY Region, including offices in New Jersey, White Plains and Uniondale. This position will also engage with our Marine core to drive opportunities more broadly in the NY market.
This Manager is responsible for hiring, retention, performance management, compensation and technical training and coaching and development for Property underwriting staff. The Manager is also responsible for advancing the sales and marketing expertise of the local Property team, as well as the matrix Property organization in the region. Specific responsibilities include:
P&L - Accountability (premium, profitability, and growth, retention, and expense plans/results) for middle market Property business serviced within the branch offices.
Portfolio Management/LOB - Direct profit and loss responsibility for field (middle market) business; coordination, agency management, and production responsibility across CI Property product portfolio. Coordination and collaboration with the Underwriting Center in Whitehouse Station, NJ.
Underwriting Strategy Execution - Manages execution of new middle market underwriting and renewal underwriting strategy for Property.
Technical UW/Referral Resource - In collaboration with Product, serves as technical resource for referrals and underwriting authority. Point of contact for branch risks which fall outside of field authority; coordinate efforts with Home Office/Product and Segment leaders.
Quality Assurance - Monitors underwriting quality with the Self Audit process.
Marketplace Focus - Develop opportunities particular to the marketplace and provide customized approaches on market conditions and agency needs.
Marketing Strategy and Execution - Works closely with Field Operations on development and execution of marketing strategy and coordinates marketing and production activities in Property.
Business Development - Directs business development activities and provides guidance for implementing sales and/or product launches.
Producer Management: -Primary responsibility for managing regional/local producer plant; responsible for cohesive and consistent agency management strategies across assigned locations. Facilitates product education/appetite; serves as point person for key local producer relationships.
Budget and Expense Administration - Oversees business and budget planning for property business produced within NYC.
Staff Development and Staff Administration (including Performance Management and Compensation) - Accountable for new hire onboarding, training and developing, succession planning, culture of inclusion, coaching and mentoring and retention of staff. Ensure effective deployment of staff for the NYC office, maintain mentoring / succession relationship with several High Potential Senior Underwriters. Oversee workflows, staffing resources, and appropriate application of technology to ensure efficient, cost-effective field operation. Collaborate with HR on performance management and compensation process.
Work with all package UW's on Property Strategy and execution.
Qualifications
The pay range for the role is $122,500 to $198,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
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.
AVP -Regional Property Manager
We are looking for a strategic and dynamic leader to partner with branch and distribution management to profitably grow the NYC Property book which is currently $30,000,000.
Responsibilities:
Responsible for the profit, growth and fostering of internal and external relationships of a Commercial Insurance Property book within the New York Region. Directly accountable for the middle market Property branch underwriting operation and results, including driving new business production and retention efforts in New York City. Responsible for matrix reporting of Property business in NY Region, including offices in New Jersey, White Plains and Uniondale. This position will also engage with our Marine core to drive opportunities more broadly in the NY market.
This Manager is responsible for hiring, retention, performance management, compensation and technical training and coaching and development for Property underwriting staff. The Manager is also responsible for advancing the sales and marketing expertise of the local Property team, as well as the matrix Property organization in the region. Specific responsibilities include:
P&L - Accountability (premium, profitability, and growth, retention, and expense plans/results) for middle market Property business serviced within the branch offices.
Portfolio Management/LOB - Direct profit and loss responsibility for field (middle market) business; coordination, agency management, and production responsibility across CI Property product portfolio. Coordination and collaboration with the Underwriting Center in Whitehouse Station, NJ.
Underwriting Strategy Execution - Manages execution of new middle market underwriting and renewal underwriting strategy for Property.
Technical UW/Referral Resource - In collaboration with Product, serves as technical resource for referrals and underwriting authority. Point of contact for branch risks which fall outside of field authority; coordinate efforts with Home Office/Product and Segment leaders.
Quality Assurance - Monitors underwriting quality with the Self Audit process.
Marketplace Focus - Develop opportunities particular to the marketplace and provide customized approaches on market conditions and agency needs.
Marketing Strategy and Execution - Works closely with Field Operations on development and execution of marketing strategy and coordinates marketing and production activities in Property.
Business Development - Directs business development activities and provides guidance for implementing sales and/or product launches.
Producer Management: -Primary responsibility for managing regional/local producer plant; responsible for cohesive and consistent agency management strategies across assigned locations. Facilitates product education/appetite; serves as point person for key local producer relationships.
Budget and Expense Administration - Oversees business and budget planning for property business produced within NYC.
Staff Development and Staff Administration (including Performance Management and Compensation) - Accountable for new hire onboarding, training and developing, succession planning, culture of inclusion, coaching and mentoring and retention of staff. Ensure effective deployment of staff for the NYC office, maintain mentoring / succession relationship with several High Potential Senior Underwriters. Oversee workflows, staffing resources, and appropriate application of technology to ensure efficient, cost-effective field operation. Collaborate with HR on performance management and compensation process.
Work with all package UW's on Property Strategy and execution.
Qualifications
- Understanding of middle market Property products and appetite
- Understanding of middle market Marine products and appetite, a plus
- 5+years of Property experience preferred
- Strong understanding of field distribution plant (broker, regional, independent agents)
- Strong people management skills
- Strong technical/underwriting leadership skills to manage a team of multiline commercial underwriters
- Advanced marketing and sales skills
- Builds Strategic Relationships
- Drives Customer Focus
- Demonstrates Agility
- Drives Execution
- Exerts Operational Decision Making
- Exhibits Skillful Communication
The pay range for the role is $122,500 to $198,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
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.