Senior Underwriter, Commercial Insurance Specialty

Company: Chubb
Location: Schaumburg
Posted on: July 1, 2025

Job Description:

Chubb Commercial Insurance is currently seeking a skilled Core Commercial Underwriter to join the Middle Market Commercial Insurance team in Chicago. Position Description: Commercial Insurance writes companies with revenues up to $1B, including both guaranteed cost and loss sensitive program structures. As a Senior Underwriter, responsibilities including a renewal book of $8-9M and generating new business of approximately $1.5-2M annually. The position will be responsible for driving profitable growth with Chicago agents and brokers. Products include Package, Property, General Liability, Auto, Worker’s Compensation, Umbrella/Excess and Foreign. The Underwriter will be charged with directly underwriting and growing a book consisting mainly of Manufacturing, Professional Services, Cultural Institutions, Real Estate, Wholesale, Food and Other services. We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen. The Production Underwriter will: Establish relationships with key trading partners and drive submission activity across assigned Agents and Brokers in our desired industry segments. Be responsible for profit, growth, and retention of assigned book. Develop and negotiate price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices. Meet or exceed new business production goals while maintaining profitability across assigned portfolio and adhering to authority and strategies. Maintain and develop relationships with the branch, our brokers and clients. Develop a prospect pipeline with our major trading partners and engage other business units for cross-selling opportunities. In conjunction with Underwriting Associate, retain key assigned renewals and lead coordination of Loss Control and Claims Service plans for service level accounts. Bachelor’s Degree Property and Casualty Underwriting experience preferably in the core middle market segment; high degree of proficiency with underwriting process, with solid background in risk analysis. Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers. Strong communication, interpersonal and time management skills. Presentation and Public speaking skills. Strong negotiation skills. Knowledge and understanding of current insurance marketplace conditions. Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority. Understanding of Workers Compensation, General Liability, Property, Umbrella, and Auto Liability Insurance coverage, terms and conditions. Proficiency in Microsoft Office Suite The pay range for the role is $101,300 to $172,200. 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. 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.

Keywords: Chubb, Buffalo Grove , Senior Underwriter, Commercial Insurance Specialty, Accounting, Auditing , Schaumburg, Illinois