UW Account Associate

📌 Core Information

🔹 Job Title: UW Account Associate

🔹 Company: Chubb Group of Insurance Companies

🔹 Location: Chicago, IL, United States

🔹 Job Type: Full time

🔹 Category: Insurance

🔹 Date Posted: April 22, 2025

🔹 Experience Level: 2-5 years

🔹 Remote Status: On-site

🚀 Job Overview

Key aspects of this role include:

• Supporting the underwriting process for Renewal Chubb Customers across multiple lines of insurance
• Collaborating with team members to achieve growth, profit, renewal retention, service, and producer/client management goals
• Gathering and analyzing account information, interpreting data, and documenting risk narratives
• Complying with corporate pricing strategies and audit standards

ASSUMPTION: This role requires a strong understanding of underwriting processes, data analysis, and client management. It also involves collaboration with various teams and adherence to corporate standards.

📋 Key Responsibilities

✅ Support the underwriting process for Renewal Chubb Customers across multiple lines of insurance, including property, casualty, workers compensation, excess, and automobile coverages

✅ Collaborate with team members to achieve growth, profit, renewal retention, service, and producer/client management goals for an assigned book of business in the middle market segment of Commercial Insurance

✅ Gather and analyze account information, interpret and translate data into workbooks and issuance instructions, and utilize regulatory rules to comply with corporate pricing strategies

✅ Document a risk narrative that conforms with the corporate audit in partnership with the Underwriter

✅ Interpret and model data for locations outside the US and understand underwriting strategies to apply accordingly to risks

ASSUMPTION: The role involves a mix of data analysis, client management, and collaboration with underwriters and other teams. It requires a strong attention to detail and the ability to work independently and in a team.

🎯 Required Qualifications

Education: Bachelor's degree in Business, Finance, or a related field

Experience: 2-5 years of experience in underwriting, insurance, or a related field

Required Skills:

• Proficient in underwriting processes and data analysis
• Strong client management skills
• Ability to collaborate effectively with various teams

• Familiarity with regulatory compliance and corporate pricing strategies
• Proficiency in Microsoft Office Suite

Preferred Skills:

• Experience with insurance software and tools
• Fluency in additional languages

ASSUMPTION: The ideal candidate will have a strong background in underwriting or a related field, with experience in data analysis and client management. Familiarity with insurance software and additional languages is a plus.

💰 Compensation & Benefits

Salary Range: $60,000 - $80,000 per year (based on industry standards for a mid-level underwriting role in Chicago)

Benefits:

• Health, dental, and vision insurance
• 401(k) with company match
• Paid time off and holidays
• Tuition reimbursement

Working Hours: Full-time, typically Monday-Friday, 9:00 AM - 5:00 PM, with some flexibility

ASSUMPTION: The salary range is an estimate based on industry standards for a mid-level underwriting role in Chicago. Benefits may vary and are subject to change.

📌 Applicant Insights

🔍 Company Context

Industry: Chubb Group of Insurance Companies is a leading provider of property and casualty insurance, operating in 54 countries and territories worldwide. The company offers a wide range of products and services, including personal and commercial property and casualty insurance, reinsurance, and life insurance.

Company Size: With over 41,000 employees globally, Chubb is a large organization that offers numerous opportunities for career growth and development.

Founded: Chubb was founded in 1882 and has a rich history in the insurance industry. The company has grown through strategic acquisitions and organic growth to become one of the world's largest insurance companies.

Company Description:

• Chubb is a global leader in property and casualty insurance, providing a wide range of products and services to individuals and businesses worldwide
• The company is committed to delivering exceptional customer service and innovative insurance solutions
• Chubb fosters a culture of integrity, teamwork, and continuous improvement

Company Specialties:

• Personal Insurance
• Commercial Insurance
• Reinsurance
• Life Insurance

Company Website: http://dc-atty.com

ASSUMPTION: Chubb's large size and global presence offer numerous opportunities for career growth and development. The company's focus on innovation and customer service makes it an attractive employer in the insurance industry.

📊 Role Analysis

Career Level: Mid-level

Reporting Structure: The UW Account Associate reports directly to the Underwriter and works closely with various teams, including underwriting, claims, and client management

Work Arrangement: This role is on-site, with the possibility of occasional remote work for qualified candidates

Growth Opportunities:

• Advancement to senior underwriting roles
• Expansion into different lines of business or geographic regions
• Development of leadership and management skills

ASSUMPTION: The UW Account Associate role offers opportunities for career growth within Chubb's underwriting department. With experience and strong performance, candidates may advance to senior roles or explore other areas of the business.

🌍 Location & Work Environment

Office Type: Corporate office environment

Office Location(s): 7700 Irvine Center Dr, Irvine, CA 92618, US

Geographic Context:

• Chicago is a major metropolitan area with a diverse economy and a large insurance industry
• The city offers numerous cultural attractions, sports teams, and outdoor activities
• Chicago has a humid continental climate, with warm summers and cold, snowy winters

Work Schedule: Full-time, typically Monday-Friday, 9:00 AM - 5:00 PM, with some flexibility

ASSUMPTION: The UW Account Associate role is based in Chubb's Chicago office, offering a corporate work environment in a major metropolitan area. The city's diverse economy and cultural attractions make it an attractive place to live and work.

💼 Interview & Application Insights

Typical Process:

• Online application and resume submission
• Phone or video screen with the hiring manager
• In-person or virtual interview with the underwriting team
• Final interview with the department head

Key Assessment Areas:

• Understanding of underwriting processes and data analysis
• Client management skills and ability to collaborate with teams
• Problem-solving and decision-making abilities
• Adaptability and ability to work in a fast-paced environment

Application Tips:

• Highlight relevant experience in underwriting, insurance, or a related field
• Demonstrate strong analytical and problem-solving skills
• Showcase your ability to work effectively in a team and manage client relationships
• Tailor your resume and cover letter to emphasize your fit for the role and the company

ATS Keywords: Underwriting, Insurance, Data Analysis, Client Management, Collaboration, Regulatory Compliance, Property Insurance, Casualty Insurance, Workers Compensation, Excess Insurance, Automobile Insurance, Middle Market Segment, Corporate Pricing Strategies, Risk Narrative Documentation, Data Interpretation, Modeling Data

ASSUMPTION: The application process for the UW Account Associate role involves several interviews, focusing on the candidate's understanding of underwriting processes, data analysis, and client management skills. Tailoring the resume and cover letter to the role and company is essential for success.

🛠️ Tools & Technologies

• Microsoft Office Suite (Word, Excel, PowerPoint)
• Underwriting software and tools (e.g., Guidewire, Duck Creek, etc.)
• Data analysis tools (e.g., SQL, Python, R, etc.)

ASSUMPTION: The UW Account Associate role requires proficiency in Microsoft Office Suite and familiarity with underwriting software and data analysis tools. Experience with specific tools may be beneficial but is not always required.

👔 Cultural Fit Considerations

Company Values:

• Integrity
• Teamwork
• Continuous Improvement
• Customer Focus
• Accountability

Work Style:

• Collaborative
• Data-driven
• Adaptable
• Results-oriented
• Customer-focused

Self-Assessment Questions:

• Do you have a strong commitment to integrity and ethical decision-making?
• Are you able to work effectively in a team and collaborate with various departments?
• Do you have a data-driven approach to problem-solving and decision-making?
• Are you adaptable and able to work in a fast-paced, changing environment?
• Do you have a strong focus on customer service and satisfaction?

ASSUMPTION: Chubb values a strong commitment to integrity, teamwork, and continuous improvement. Candidates who demonstrate these values and a data-driven, collaborative work style will be well-suited to the UW Account Associate role.

⚠️ Potential Challenges

• The role may involve working with complex data sets and regulatory requirements
• Candidates may need to adapt to a fast-paced, changing work environment
• The role requires strong client management skills and the ability to manage multiple priorities
• Candidates may need to work flexible hours to meet deadlines or client needs

ASSUMPTION: The UW Account Associate role presents challenges related to data analysis, adaptability, client management, and work-life balance. Candidates should be prepared to tackle these challenges and demonstrate strong problem-solving and time management skills.

📈 Similar Roles Comparison

• Unlike other underwriting roles, the UW Account Associate focuses specifically on supporting the underwriting process for Renewal Chubb Customers
• In the insurance industry, Chubb is known for its strong focus on customer service and innovation
• Compared to other mid-level underwriting roles, the UW Account Associate offers opportunities for career growth within Chubb's underwriting department

ASSUMPTION: The UW Account Associate role is unique in its focus on supporting the underwriting process for Renewal Chubb Customers. Within the insurance industry, Chubb is recognized for its commitment to customer service and innovation, offering opportunities for career growth and development.

📝 Sample Projects

• Analyzing account information and interpreting data for a large commercial client
• Documenting a risk narrative for a complex, multinational corporation
• Collaborating with the underwriting team to achieve growth and profit goals for an assigned book of business

ASSUMPTION: The UW Account Associate role involves a variety of projects, from data analysis and interpretation to client management and collaboration with underwriting teams. These projects require strong analytical, problem-solving, and communication skills.

❓ Key Questions to Ask During Interview

• What are the most challenging aspects of the UW Account Associate role, and how can I best prepare for them?
• How does this role support the overall underwriting process, and how does it collaborate with other departments?
• What opportunities are there for career growth and development within Chubb's underwriting department?
• How does Chubb support work-life balance for its employees, particularly in this role?
• What are the most important qualities and skills for success in the UW Account Associate role?

ASSUMPTION: During the interview process, candidates should ask questions that demonstrate their interest in the role and their commitment to understanding the company's culture and values. These questions should focus on the challenges and opportunities presented by the role, as well as the company's approach to career growth and work-life balance.

📌 Next Steps for Applicants

To apply for this position:

• Submit your application through this link
• Tailor your resume to highlight your relevant experience in underwriting, insurance, or a related field
• Write a cover letter that demonstrates your understanding of the role and your fit for the company
• Prepare examples of your data analysis and client management skills for the interview
• Follow up with the hiring manager one week after submitting your application to express your continued interest in the role

⚠️ This job description contains AI-assisted information. Details should be verified directly with the employer before making decisions.