VP, Underwriting, Construction Erection All Risk (EAR). Major Accounts Natural Resources

Chubb is seeing significant growth in our Major Accounts Natural Resources Property business segment. A consistent ask from the marketplace is for Chubb to support construction projects in the energy sector, either for large stand alone projects or across a schedule of projects. This position will initially focus on developing and enhancing the effectiveness of our underwriting processes in the EAR segment of our Construction / Builders Risk business, including but not limited to classes of business such as renewable energy, utility construction, liquified natural gas plants and technical manufacturing construction classes. Chubb Major Accounts Energy complements Chubb Bermuda and Chubb Commercial Insurance Energy Resource Services (ERS) current offerings and also supports the established Chubb Energy and Climate+ Industry Practices.

The Natural Resources team writes worldwide property exposures for United States and Canada domiciled entities. The occupancies we underwrite in the Natural Resources unit are Oil & Gas midstream and downstream, Petrochemicals, Chemical Manufacturing, Power Generation, heavy Process Industries and Mining. The majority of new construction is currently in Power Generation, specifically Solar / BESS, Wind, and Natural Gas fired power plants.

The coverage is typically written on a manuscript policy form in a layered & shared program structure. This position will work closely with Chubb’s Inland Marine unit for underwriting consistency but will report up through the Natural Resources Property team for closer alignment with this team’s broker community and to properly capture Builders Risk to Operational business opportunities. The ideal candidate will have strong analytical skills and a deep understanding of Builders Risk underwriting.

Position Responsibilities include :

• Predominately responsible for account solicitation, risk selection and analysis, pricing and sales of core Builders Risk products in the energy and heavy industry segments.
• Work closely with both Inland Marine and Natural Resources Property for underwriting consistency, marketing, and to properly transition projects from construction to operational phase.
• Provide leadership in development and documentation of processes and underwriting guidelines specific to the classes of business within the scope of the role.
• Meet with new and existing customers and agents / brokers to negotiate coverage, price, financial terms, and service delivery.
• Work closely with Global Client Executives to build an enterprise approach to account underwriting and services.
• Build Chubb Brand in the marketplace.
• Drive financial performance of a Natural Resources Course of Construction book of business.
• Collaborate with Chubb underwriters and engineers on a global basis to assure a consistent approach to Natural Resources Construction risks, identify and adapt to innovation trends and identify critical risk factors.
• Work closely with Claims and Risk Engineering to establish knowledge sharing with key players regarding emerging technologies.
• Participate in cross-sell initiatives to expand product offerings to current clients.
• Adhere to Chubb’s climate policies regarding greenhouse gas emissions, coal usage, and protection of conservation areas.
• Bachelor’s degree in Finance, Insurance, Business Administration, Engineering or a related field; advanced degree or professional certification preferred (., CPCU, AIC).
• 10+ years of experience in Builders Risk EAR underwriting, with national portfolio management responsibility experience. Ideal candidate will also have broad experience underwriting various types of risks within the Natural Resources appetite.
• Strong technical knowledge of Builders Risk insurance products, underwriting standards, and risk assessment methodologies.
• Excellent communication, presentation, and interpersonal skills, with the ability to convey technical concepts clearly to diverse audiences.
• Proven track record of building strong business relationships with agents and insureds.
• Proven ability in complex account analysis, prioritization, organization and detail orientation.
• Ability to work both independently and within a team environment using multiple internal and external resources appropriately, effectively, and efficiently.

The pay range for the role is $125,900 to $214,000. 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 . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.