VP, Commercial Insurance Portfolio Manager

Chubb; Whitehouse Station (NJ); On-site; USD 160,000 - 210,000; Full time

Job summary

Chubb recherche un VP, Commercial Insurance Portfolio Manager pour son équipe d'assurance commerciale de marché moyen. En tant que VP, vous serez responsable de la gestion des lignes de responsabilité telles que l'indemnisation des travailleurs, en collaboration avec des agents indépendants, tout en développant des stratégies de souscription et en analysant les performances de portefeuille. Une expertise en souscription et en analyses de données est essentielle pour assurer la conformité et l'efficacité du programme.

Benefits

Programme d'incitation discrétionnaire

Paquet complet d'avantages

Qualifications

• Capacité avérée à interagir efficacement avec tous les niveaux d'interlocuteurs.
• Expérience en souscription de responsabilité.

Responsibilities

• Collaborer pour implémenter des stratégies de souscription.
• Analyser les tendances des réclamations et fournir des recommandations.

Skills

Communication

Analyse

Négociation

Gestion des priorités

Education

Expertise en data analytics

Compréhension des théories d'assurance commerciale

Job description

Chubb is seeking a VP, Commercial Insurance Portfolio Manager to work within the Middle Market Commercial Insurance Division, focusing on a Managing General Agent (MGA) Partnership that targets the Specialty Trade and Building Contractor Segment. The role involves managing Workers Compensation and other Casualty lines through Independent Agents specializing in construction.

The VP, Portfolio Manager will report to an EVP, Product Line Leader.

Key Responsibilities:

• Collaborate with the Middle Market Product Line Teams and the Construction Industry Practice to implement underwriting strategies for both Product Line and Corporate Construction within the Managing General Underwriter (MGU).
• Develop and implement consistent standards for the Managing General Underwriter (MGU) to submit account-level referrals to the company for risks that exceed delegated authority.
• Track and analyze claim trends, providing actionable recommendations to Product Line Managers.
• Work with actuarial resources to perform quarterly data analyses and propose actions for Product Line Leaders to consider.
• Partner with the corporate reinsurance team to conduct cost-benefit analyses of reinsurance purchases, aiming to achieve the desired net results for the program.
• Evaluate actual pricing against Product Line standards to ensure it meets adequacy and compliance guidelines.
• Conduct regular portfolio reviews with Actuary and Product Line leaders to ensure that current liability, medical/benefit trends, and loss development patterns are accurately reflected in program pricing models.
• Oversee the execution of portfolio production and profit KPIs, recommending adjustments to Product Line Leaders to ensure performance aligns with portfolio goals.
• Utilize portfolio data analysis to guide the selection of accounts for the annual underwriting audit, coordinating audit objectives with Product Line Leaders and Corporate Underwriting.
• Collaborate with the Portfolio Claim Business Consultant to ensure that Third-Party Administrator (TPA) usage decisions are cost-effective, positively impact claim results, and align with expense targets.

Qualifications

• Demonstrated advanced VP-level skills, including a proven track record in achieving results, developing customer and producer relationships, fostering collaboration and teamwork, solving problems, and effective communication (both written and verbal).
• Strong interpersonal, analytical, and negotiation abilities.
• Detail-oriented with advanced skills in influence management.
• Proven capability to interact effectively with all levels of internal and external business partners.
• Ability to manage multiple tasks and balance various priorities efficiently.

Education and Experience:

• Required: Strong business acumen, expertise in data analytics, and a solid understanding of commercial underwriting and insurance industry theories and practices.
• Preferred: Background in Casualty Underwriting with knowledge of the construction segment, including WRAP-UP and loss-sensitive program structures.
• Desirable: Familiarity with program business and Managing General Underwriter (MGU) processes.
• Basic knowledge of Chubb’s Claim and Policy administration systems.

The pay range for the role is $160,000 to $210,000. 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 foundon 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.