Top Property Casualty Underwriting Executive jobs in Chicago, IL

Top Property Casualty Underwriting Executive oversees all aspects of the property casualty underwriting business line. Develops procedures and guidelines regarding risk management, application and renewal, and application and rejection. Being a Top Property Casualty Underwriting Executive researches and monitors changes to laws and regulations which impact Property and Casualty insurance products. Requires a bachelor's degree. Additionally, Top Property Casualty Underwriting Executive typically requires certification as a Chartered Property Casualty Underwriter (CPCU). Typically reports to top underwriting executive. The Top Property Casualty Underwriting Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Property Casualty Underwriting Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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Account Executive - Property & Casualty
  • Marsh McLennan Agency, LLC
  • Chicago, IL FULL_TIME
  • Overview

    The Account Executive is a thought leader in the industry and client niches he or she serves, and understands the overall business risks, financial implications, and employee health issues important to clients. He or she directly quarterbacks the service execution for clients within his or her own discipline. Working with a team of support and service personnel, the Account Executive builds a client base by adding new clients, new lines of coverage, and retaining and growing current clients. An effective negotiator, presenter, motivator, and relationship builder, the Account Executive leverages MMA Midwest's sales methodologies, tools and resources, service platform, and best practices to successfully manage a growing client base.

    Responsibilities

    THOUGHT LEADERSHIP

    • Understands the client industry niche(s) served, recognizes the typical business problems faced by clients and how our service platform across all disciplines provides solutions to those issues
    • Maintains proactive awareness of industry and how changes in the insurance industry, the economy, and legislation impact clients
    • Represents MMA Midwest in client and insurance industry through visible writing, speaking, and networking engagements
    • Advocates for changes and additions to our service platform that increase the value created for our clients, add barriers to exit, and follow our strategic direction

    CREATE AND CULTIVATE RELATIONSHIPS

    • Relates well to all kinds of people, up, down and sideways, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships, uses diplomacy and tact; can diffuse even high-tension situations comfortably
    • Negotiates skillfully in tough situations with both internal and external groups; can win concessions without damaging relationships; can be direct and forceful as well as diplomatic; gains trust quickly of other parties to the negotiations

    BUILD A CLIENT BASE

    • Uses the MMA Midwest sales process to analyze client and prospective client exposures and opportunities for improvement; and creates a compelling case to convince the decision-makers to select MMA
    • Creates presentations to clients and prospective clients that demonstrate our company’s unique approach and culture, our established track record, our expertise and service platform specific to client niche, and a customized service plan for each client; is effective in a variety of formal presentation settings
    • Understands each client’s decision process, the people involved (decision-makers and service consumers), the business’ goals and issues, and how our performance meets their expectations. Recognizes risks to losing clients, whether service breakdowns, new decision-makers, competitor involvement or other factors and acts to retain.
    • Closes new business and renewals by figuring out the path to win and persevering through a methodical approach
    • Uncovers opportunities to add new product and coverage lines and to cross-sell clients into other disciplines

     EXECUTE CLIENT SERVICE PLATFORM

    • Understands business drivers of individual clients, their important metrics and measures of success, specific issues they are facing, and industry issues that may impact them; uses rigorous logic and methods to solve difficult problems with effective solutions; looks beyond the obvious and doesn’t stop at the first answers
    • Analyzes coverage, program financials, claims and loss rates, and other aspects to uncover opportunities for improvement; recommends changes and puts forth a service plan that creates measurable value
    • Engages other teams and departments of MMA Midwest to perform specialized analysis and service, monitoring results and service plan completion
    • Quarterbacks the execution of client plans, services delivered, ensuring commitments are tracked and reported back in a unified, meaningful way to each client
    • Understands insurance marketplace, carrier appetites, carrier programs, and services available; oversees the placement of insurance products within own discipline
    • Monitors client satisfaction of every client through personal relationships and engagement, involvement with other MMA Midwest team members, and any client surveys or feedback processes implemented

     SUPPORT AN EFFECTIVE TEAM

    • Creates a climate in which people want to do their best; motivates many kinds of team or project members with influential authority; invites input from each person and shares ownership and visibility; makes everyone feel his/her work is important through recognition and appreciation; is someone people like working with
    • Conducts regular meetings with client service team to ensure all team members are up to speed on pending client issues, changing needs, implementation of service plans, and other issues
    • Supports processes and procedures and agency best practices; participates in team, sales, and other meetings
    • Mentors client service team members and new producers on topics relevant to their roles and continued development and advancement
    • Recruits potential employee candidates to MMA Midwest
    • Leverages technology, tools, resources and information to maximize efficiency of self and other team members
    • Conducts business planning to set goals for results and activities to achieve results
    • Maintains a closing ratio and other efficiencies consistent with team expectations

    Qualifications

    REQUIRED:

    • Upon hire, Producers License (in state of residence) for Fire/Casualty or Life/Health as appropriate
    • Proven track record for accomplishing specific tasks

    PREFERRED:

    • BS/BA in business, management, insurance or related field
    • Proven success in Account Executive or client-facing position
    • CPCU, CEBS, ARM or other professional designation

     

    About Marsh McLennan Agency Midwest Marsh McLennan Agency’s Midwest Region is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the country. MMA Midwest  is consistently recognized as a top workplace, attracting and retaining its insurance talent by rewarding expertise and investing in career development. Colleagues enjoy an award-winning culture that fosters a highly productive and results-driven working environment.

     

    A Great Place to Work. A Great Place to Perk.

    Recognized for workplace culture by the likes of Fortune Magazine, The Chicago Tribune and more, our colleagues enjoy an environment that fosters creativity as well as individual and organizational growth. A small sampling of the benefits our colleagues enjoy include:

    • Medical, dental, vision, 401K benefits and more
    • The flexibility to work at home or an office
    • A paid day off to volunteer and company-organized volunteer events
    • Up to $1,000 per year in matching charitable donations
    • Up to $750 per year in wellness rewards
    • A company-wide mentality that you can never appreciate your co-workers too much

    Who You Are is Who We Are

    MMA Midwest has created an award-winning culture largely due to meeting our colleagues where they are, celebrating their differences and building an inclusive environment. We challenge ourselves to create a workplace where our colleagues feel not only welcomed, but feel they belong; where we not only embrace diverse perspectives and opinions but seek them out; and where we ask not how a colleague fits our culture, but what they add to it.

  • 22 Days Ago

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Account Executive (required to have Property & Casualty license)
  • InsureOne Insurance Services America LLC
  • Lawn, IL FULL_TIME
  • Pay Range: $40,000 / year base commission Our Perks: Unlimited/Uncapped commission Lucrative incentive sales plans, bonuses and sales contests No Cold Calling- We have a high volume of inbound sales l...
  • 11 Days Ago

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AVP, State Government Relations
  • American Property Casualty Insurance Association
  • Chicago, IL FULL_TIME
  • Position Title: AVP, State Government Relations Type: Full Time Division: State Government Relations Position Summary The position of AVP, State Government Relations, is primarily responsible for mana...
  • 2 Days Ago

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Underwriting Assistant - Casualty/Professional Facultative Underwriting - Chicago
  • Everest Reinsurance Company
  • Chicago, IL FULL_TIME
  • Title: Underwriting Assistant - Casualty/Professional Facultative Underwriting - Chicago Company: Everest Reinsurance Company Job Category: Underwriting Job Description: This position will provide sup...
  • 1 Month Ago

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Account Manager - Property & Casualty
  • Assurance, a Marsh & McLennan Agency
  • Schaumburg, IL FULL_TIME
  • Overview The Account Manager is at the center of ensuring the successful delivery of exceptional service to our clients. Working with the Producer and/or Account Executive, he or she plans, executes, ...
  • 18 Days Ago

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Property And Casualty Insurance Producer
  • Farmers Insurance District 23
  • Lombard, IL FULL_TIME
  • We are seeking a driven property and casualty insurance agent to join our thriving team! The ideal candidate is an enthusiastic self-starter who embraces a fast-paced business environment. You’ll be r...
  • 21 Days Ago

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0 Top Property Casualty Underwriting Executive jobs found in Chicago, IL area

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Package Underwriter
  • Hinterland Insurance
  • Chicago, IL
  • About the Company: Hinterland Insurance is part of FTP Inc, an independently owned and operated insurance MGU. FTP repre...
  • 3/27/2024 12:00:00 AM

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Underwriter- Hospitality
  • Superior Insurance Partners
  • Chicago, IL
  • Underwriter-Hospitality Seren Specialty Insurance (SEREN) is a boutique program management and insurtech company providi...
  • 3/27/2024 12:00:00 AM

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Sr. Underwriter or Underwriter - Property, Hybrid
  • Swiss Re
  • Chicago, IL
  • Are you looking for a career in the Property Underwriting? If so, please check this role and apply! About the Role: Prod...
  • 3/27/2024 12:00:00 AM

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Commercial Insurance Underwriter - Midwest Region (REMOTE)
  • Safesite and Foresight Insurance
  • Chicago, IL
  • Foresight Risk and Insurance Services, Inc. ("Foresight") is looking for a Commercial Insurance Underwriter with constru...
  • 3/26/2024 12:00:00 AM

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Master Underwriter (Illinois)
  • Great American Insurance Group
  • Chicago, IL
  • Headquartered in the Central Florida city of Lakeland, Summit employs over 700 office and field associates at its main l...
  • 3/26/2024 12:00:00 AM

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Environmental Underwriter
  • JCW
  • Chicago, IL
  • JCW is currently recruiting for a Senior Environmental Underwriter role with a well-respected insurer in the Chicago are...
  • 3/25/2024 12:00:00 AM

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Associate Underwriter
  • Burns & Wilcox
  • Chicago, IL
  • Responsibilities Service a book of business under the direct supervision of an underwriter Log applications, prepare bin...
  • 3/24/2024 12:00:00 AM

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Underwriter - Specialty and Commercial
  • QBE Insurance Group Limited
  • Chicago, IL
  • Primary Details Time Type: Full time Worker Type: Employee Execute assigned line(s) of business strategy by consulting w...
  • 3/24/2024 12:00:00 AM

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Top Property Casualty Underwriting Executive jobs
$297,927 to $456,344
Chicago, Illinois area prices
were up 0.8% from a year ago