We are seeking an Underwriter to join our Representations and Warranties Insurance (RWI) or Tax Insurance underwriting teams.
As a key part of Chubb's North America Transactional Risk (TR) team, you will have the responsibility for contributing to the growth of the TR portfolio with our brokers and clients.
Key Responsibilities:
- Risk assessment: prepare and refer risk reviews and NBIL drafts in line with our underwriting appetite, guidelines and standards through review of sale and purchase agreements, financial statements, management presentations, legal memos and other due diligence reports, as applicable.
- Underwriting: lead underwriting of primary and excess placements in the North America RWI or Tax market. Negotiate and draft insurance policy terms and language specifically addressing the risks and issues in each transaction.
- Broker Management: develop and build a broker network and speak directly to brokers to win and manage underwriting opportunities/deals.
- Team Development: train and provide guidance to junior staff to help develop their underwriting skills and build a successful team; maintain a collegial environment; collaborate with fellow underwriters.
Procedures: assist with ensuring that key procedures are carried out appropriately and efficiently for every submission and live deal.
Product Development: contribute to the development of Global TR strategies, product suites, and processes.
Chubb Global TR Advocate: Serve as an advocate for the Global TR practice, actively promoting its achievements and strengthening Chubb’s overall reputation.
Results driven with ability to make own decisions and work on own initiative.
Naturally curious and extremely detail oriented.
Strong interpersonal skills and ability to work collaboratively within a team environment.
Organized, and able to work in a fast-paced environment with tight deadlines and deal-time pressures.
Willing to work in multicultural / multinational environment, which includes working within a fully integrated global team of colleagues in New York, Toronto and London.
Can-do mentality and able to work within Chubb underwriting guidelines.
RWI Underwriter:
3-5+ years of lead RWI underwriting/broking or M&A transaction experience.
Understanding and working knowledge of the RWI market including brokers and competitors.
- Specific knowledge of the RWI product including policy drafting, hosting underwriting calls, collaborating with underwriting counsel, and policy point negotiation.
- Extensive experience of dealing with brokers and/or clients.
Tax Underwriter:
- 3-5+ years of tax experience at a law or accounting firm with detailed understanding of complex tax risks and structuring.
- Specific knowledge of a broad array of tax exposures (tax structuring issues, common tax risks in M&A transactions, tax credit matters, etc.).
- Specific experience with procuring or negotiating tax insurance (or tax aspects of representations and warranties insurance) on behalf of deal clients is a strong plus.
The pay range for the role is $143,200 to $243,400. 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 at https://careers.chubb.com/global/en/north-america. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
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What We Do
Chubb is the world’s largest publicly traded property and casualty insurance company. 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 31,000 people worldwide. Additional information can be found at: chubb.com.
