Associate Underwriter, Inland Marine
Company: Chubb
Location: Chicago
Posted on: April 1, 2026
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Job Description:
Description Chubb is currently seeking a skilled Associate
Underwriter to join its Major Accounts Inland Marine Group in our
Chicago, IL office. The Associate Underwriter’s primary
responsibility is to aid the Inland Marine group in the management
and retention of accounts assigned through a demonstration of the
following skills and abilities: Fundamentals of coverage, terms and
conditions . Understand ability to offer coverage, terms and
conditions which generate a profit for the Company while meeting
the needs of the customer. Risk Assessment . Ability to identify
risk exposures, special or common hazards, and appropriate
controls. Ability to analyze claims and quantify losses. Financial
proficiency . Understanding of insurance financial fundamentals and
their impact on underwriting decisions. Actuarial fundamentals .
Ability to understand loss trends and ratemaking. Ability to
quantify risk based on experience history and forecasting methods.
Systems and programs . Ability to use systems and software programs
needed to conduct daily business. Collaboration. Ability to
collaborate effectively with the underwriting team to assist with
account management tasks. MAJOR DUTIES & RESPONSIBILITIES: Duties
may include but are not limited to: Effectively and efficiently
process underwriting workflow through interaction with internal and
external partners to ensure standards are consistently upheld.
Examine applications, renewals, and change requests, collecting all
necessary information to fully prepare the Underwriting team to
make decisions regarding risk acceptability, terms, and pricing.
Within established business plans, identify, analyze, and
underwrite risks while adhering to corporate guidelines regarding
risk selection, treaties, reinsurance, coverage, and pricing to
obtain desired results. Manage a book of business offering
strategic underwriting guidance including rate/terms/deductibles
Monitor results of the overall book of business assigned and
recommend corrective action as necessary to insure profitability
and retention of desirable accounts Establish and maintain strong
working relationships with assigned agents to support profitable
growth. Provide quality and timely input on assigned projects to
meet the Company’s needs in the changing market and to support
profitable growth Participate in audits and/or underwriting
meetings as required. Cross-sell opportunities within other Chubb
divisions through promotion of their products and services. Travel
less than 25% Qualifications Bachelor’s degree or equivalent
experience. Industry designations a plus – CPCU or AMIM preferred
Minimum 1-3 years of current underwriting/insurance experience –
concentration in Inland Marine products including Builder’s Risk
and Contractor’s Equipment preferred Strong analytical skills with
the ability to collect, organize, and analyze significant amounts
of information with attention to detail and accuracy Effective time
and desk management, balancing a large book of business Able to
work collaboratively and prioritize in a matrix environment Strong
interpersonal, oral and written communication and negotiation
skills PC and Microsoft Office Products proficient, Excel skills in
particular Must be able to function effectively in a time sensitive
and fast-paced environment The pay range for the role is $65,200 to
$98,800. 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.
Keywords: Chubb, Mount Prospect , Associate Underwriter, Inland Marine, Accounting, Auditing , Chicago, Illinois
