4,990 Financial Institutions jobs in the United States

• Build and manage a book of business that is consistent with the teams focus on profitable growth
• Expand on existing broker and customer relationships and develop new ones
• Underwrite efficiently without sacrificing discipline, diligence, and quality service
• Ability to work in a fast-paced environment with agility and decisiveness
• Underwrite complex and challenging risks while developing creative solutions for our partners
• Understand market conditions and how to respond as they evolve
• Be a positive reflection on the company by demonstrating integrity and leadership in the marketplace
• Effectively communicate BHSIs value proposition to brokers and customers
• Work closely with our in-house claims team to help create a positive and transparent experience for our customers
  
  

• 2 to 10 years financial institution underwriting experience
• Strong technical skills in financial and stock analysis
• Solid understanding of policy forms and coverage
• Network of strong broker and client relationships
• Collaborative and team-focused mentality
• Strong communication skills including negotiation and presentation experience
• Willingness to travel
• BA/BS degree or equivalent experience
  
  

• A competitive package and exciting growth opportunities for career-oriented teammates.
• A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.
• Benefits that support your life and well-being, which include:
• Comprehensive Health, Dental and Vision benefits
• Disability Insurance (both short-term and long-term)
• Life Insurance (for you and your family)
• Accidental Death & Dismemberment Insurance (for you and your family)
• Flexible Spending Accounts
• Health Reimbursement Account
• Employee Assistance Program
• Retirement Savings 401(k) Plan with Company Match
• Generous holiday and Paid Time Off
• Tuition Reimbursement
• Paid Parental Leave
  
  

Underwriter, Financial Institutions - New York City

Chubb is the world's largest publicly traded property and casualty insurer. 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.

The Financial Institutions team is currently seeking an Underwriter to execute growth and underwriting strategies for the New York Region.

MAJOR DUTIES & RESPONSIBILITIES:

Responsibilities for the role include, but are not limited to:

• Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customers across a number of products which include:
  • Directors & Officers Liability
  • Professional Liability for Asset Managers and Funds (including hedge funds, private equity and venture capital)
  • Bankers Professional Liability
  • Insurance Company Professional Liability
  • Security Broker-Dealer Professional Liability
  • Employment Practices Liability
  • Fiduciary Liability
  • Fidelity
• Risk Assessment. Performing risk analysis for Financial Institutions clients. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.
• Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.
• Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
• Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy and Cross-market with other groups who underwrite Chubb products for Financial Institutions in the New York Region
• Systems and programs. Ability to use systems and software programs needed to conduct daily business.

QUALIFICATIONS

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.

We are seeking a highly motivated and results-oriented Financial Institutions Underwriter to join our team. This role involves managing a renewal book and generating new business, with a focus on underwriting Financial Institutions business for Package, Worker's Compensation, Auto, General Liability, Umbrella, and International programs. The position will be based in the Chicago branch, serving the Midwest Region.

The position will be responsible for developing and implementing a business plan to grow the Financial Institutions book through prospect identification and pipeline development, new business production and account management with defined set of agents within the Midwest branches.

The Financial Institutions Underwriter will have accountability for the financial performance of the book of business, achieving growth for the branch, region and territory. They will identify opportunities for growth within new and existing production sources, identify cross sell opportunities, conduct agency planning/goal setting including monitoring of progress and make regular broker and insured visits.

Position Responsibilities:

• Oversee the financial performance of a portfolio, focusing on profit, rate, retention, and growth. Target new business production of $1.5-2.5M and manage a renewal portfolio effectively.
• Develop and negotiate pricing, coverage, terms, and conditions for all new business and renewals. Implement effective and profitable pricing strategies while adhering to underwriting guidelines.
• Establish and maintain superior relationships with key trading partners, agents, brokers, and clients. Conduct regular broker and insured visits to drive submission activity and market penetration.
• Develop and implement a business plan to grow the Financial Institutions book through prospect identification, pipeline development, and strategic market penetration. Identify cross-sell opportunities and conduct agency planning and goal setting.
• Work effectively with Underwriting Associates, Risk Consulting, and Claims service teams to retain key renewals and enhance service delivery.
• Collect and share industry intelligence, including trends and developments, to inform strategic decisions and maintain a competitive advantage.

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.

We are seeking a highly motivated and results-oriented Financial Institutions Underwriter to join our team. This role involves managing a renewal book and generating new business, with a focus on underwriting Financial Institutions business for Package, Worker's Compensation, Auto, General Liability, Umbrella, and International programs. The position will be based in one of our Bay Area branches, serving the Pacific North Region, including San Francisco, Walnut Creek, Portland, and Seattle.

The position will be responsible for developing and implementing a business plan to grow the Financial Institutions book through prospect identification and pipeline development, new business production and account management with defined set of agents within Northern California and the Pacific Northwest.

The Financial Institutions Underwriter will have accountability for the financial performance of the book of business, achieving growth for the branch, region and territory. They will identify opportunities for growth within new and existing production sources, identify cross sell opportunities, conduct agency planning/goal setting including monitoring of progress and make regular broker and insured visits.

Position Responsibilities:

• Oversee the financial performance of a portfolio, focusing on profit, rate, retention, and growth. Target new business production of $1.3m to $1.5m and manage a renewal portfolio effectively.
• Develop and negotiate pricing, coverage, terms, and conditions for all new business and renewals. Implement effective and profitable pricing strategies while adhering to underwriting guidelines.
• Establish and maintain superior relationships with key trading partners, agents, brokers, and clients. Conduct regular broker and insured visits to drive submission activity and market penetration.
• Develop and implement a business plan to grow the Financial Institutions book through prospect identification, pipeline development, and strategic market penetration. Identify cross-sell opportunities and conduct agency planning and goal setting.
• Work effectively with Underwriting Associates, Risk Consulting, and Claims service teams to retain key renewals and enhance service delivery.
• Collect and share industry intelligence, including trends and developments, to inform strategic decisions and maintain a competitive advantage.

QUALIFICATIONS

The

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.

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Job Description

Who are we?
A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity in our Executive and Professional Liability division for a Senior Underwriter to join the Financial Institutions (FI) team based in our Chicago office.

In this role you will focus on developing broker relationships, prequalifying new business opportunities, managing existing portfolio of business, and growing a book of business in our Central and West regions. The Underwriter will be actively involved with Management in the building of the platform and product offering.

You will handle day-to-day responsibilities as an FI Underwriter. Tasks will include marketing to distribution channels, utilize underwriting acumen to select sound underwriting risks and form opinion of risk. Expand and develop new business opportunities through production & marketing calls with brokers and clients.

We are a team of highly experienced people who knows and values the insurance business and are committed to it. We are integrated and focused on efficiency and responsiveness. Leveraging our collective strengths, we focus on outstanding service by hiring the right people. We invite you to apply if you are interested and would like to learn more about the opportunity!

Duties & Responsibilities:

• Manage and build upon a book of business that is consistent with the team’s strategic focus.
• Expand on broker and customer relationships.
• Underwrite to complex and challenging risks while developing creative solutions for our partners without sacrificing discipline, diligence, or portfolio strength.
• Effectively communicate BHSI’s value proposition to brokers and customers
• Collaborate with teammates across all product lines, help create a positive experience for our customers

Qualifications, Skills and Experience:

• 3 to 7 years of experience underwriting or broking financial lines for public companies, private or non-profit entities, or financial institutions
• Demonstrated understanding of financial analysis and financial markets
• Foundational to high level of understanding of policy forms and coverage types including: Directors and Officers Liability, Errors and Omissions, Employment Practices Liability, Fiduciary Liability and Fidelity.
• Excellent communication and negotiation skills

BHSI Offers:

• A competitive package and exciting growth opportunities for career-oriented teammates.
• A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.
• Benefits that support your life and well-being, which include:
  • Comprehensive Health, Dental and Vision benefits.
  • Disability Insurance (both short-term and long-term).
  • Life Insurance (for you and your family).
  • Accidental Death & Dismemberment Insurance (for you and your family).
  • Flexible Spending Accounts.
  • Health Reimbursement Account.
  • Employee Assistance Program.
  • Retirement Savings 401(k) Plan with Company Match.
  • Generous holiday and Paid Time Off.
  • Tuition Reimbursement.
  • Paid Parental Leave.

The base salary range for this position is from $100K - 150K along with annual bonus eligibility; a candidate’s salary is determined by their relevant skills and experience. We value our teammates – both their capabilities and character – as demonstrated by our amazing culture.

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.

Huntington's Director, Portfolio Management will manage a book of business in the bank's Financial Institutions (FIG) vertical within Huntington's Corporate Specialty and Government Banking group. The Director, Portfolio Management services and, in conjunction with Relationship Management, deepens an assigned portfolio of clients by proactively identifying and evaluating opportunities and mitigating associated business risks, in accordance with Huntington policies, procedures, and guiding principles.

Duties and Responsibilities:

• Underwrite and close broadly syndicated, complex commercial loans
• Understanding of Financial Institutions Insurance
• Provide credit recommendations to the appropriate level of credit administration
• Review loan documentation in consultation with legal counsel
• Manage risk on an ongoing basis by monitoring customer credit worthiness, adherence to loan terms and general business conditions
• Manage annual reviews and renewals, portfolio reviews, collateral exceptions, borrowing bases, delinquencies and other reporting
• As appropriate, assist in optimizing customer relationships working with Relationship Managers, Treasury Management, Capital Markets and other team members

Basic Qualifications:

• Bachelor's degree required
• 7 or more years of Financial Institution portfolio management experience

Preferred Qualifications:

• Insurance experience in Property Causality and Life is highly preferred
• 10 years of diversified banking experience including portfolio management experience and positions of increasing responsibility, with 5 years of expertise in the FIG space. Leverage lending expertise a plus.
• Industry knowledge and established networks within the FIG sector highly preferred
• Completion of formalized credit training program
• Demonstrated success structuring complex credits; researching, judging and presenting information verbally and in writing; creating documentation to support the credit and minimize risk
• Proven ability to manage workflow and deadlines, while effectively balancing competing priorities
• Demonstrated leadership experience by providing coaching, skill development and feedback to team members
• Proven negotiation skills
• Proficiency using Microsoft Word and Excel and other software applications that are supportive of the loan underwriting process
• Strong written and verbal communication skills
• High degree of professionalism

Exempt Status: Yes

Workplace Type: Office

Our approach to office workplace type certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Compensation Range: $93,000.00- $189,000.00 Annual Salary

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). Huntington is an Equal Opportunity Employer. Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details. Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.