Underwriter, Financial Institutions

Company: Chubb
Location: Chicago
Posted on: April 1, 2026

Job Description:

Description 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. Qualifications Experience: 2-5 years of commercial multi-line underwriting experience, preferably in Financial Institutions P&C placements. Strong skills in sales, marketing, and agency/broker management. Demonstrated success in marketing, producer/book management, and new business development. Ability to successfully negotiate on all levels with both internal and external partners and nurture key producer relations. High degree of proficiency with the underwriting process, risk analysis, and knowledge of underwriting technical issues, compliance, coverage, products, pricing, and strategies. Exemplary ability to interact effectively with all levels of customers and coworkers, with strong interpersonal and written communication skills. Proficiency in Microsoft Office Suite and other business-related software. Highly motivated to succeed, results-oriented, with solid business acumen and effective desk management skills. The pay range for the role is $85,000 to $130,000. 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.

Keywords: Chubb, Crystal Lake , Underwriter, Financial Institutions, Sales , Chicago, Illinois