As an integral member of Chubb’s Small & Lower Mid-Market (SLM) Commercial Insurance Portfolio Management team, the AVP, Portfolio Management role will be responsible for driving SLM’s commercial P&C underwriting profitability, growth and digital transformation objectives. They will collaborate closely with actuarial, product, analytics, and business intelligence colleagues to advance real time underwriting and portfolio monitoring capabilities that enable profitable digital underwriting. This individual will have direct P&L performance responsibility by way of influencing ratemaking and implementing non-rate pricing strategies. Critical proficiencies will span portfolio / product management, data analytics, strategy, complex problem solving, leadership, and communication.
Responsibilities
- P&L owner for a portfolio of SLM products across various digital distribution channels and geographies
- Oversee strategic initiatives to advance portfolio management capabilities across pricing, underwriting, and monitoring through advanced data analytics
- Ensure impacts of initiatives are communicated consistently across the organization and to external partners
- Oversee execution of digital transformation initiatives under an Agile, dynamic operating model
- Lead cross-functional teams of subject matter experts (i.e. data science, engineering, AI/ML, actuarial, product, technology) toward underwriting and portfolio management objectives
- Collaborate closely with actuarial and distribution function to build granular monitoring dimensions (i.e. geographic, exposure, coverage levels, etc.)
- Continuously monitor the health and performance of the portfolio across key dimensions, and oversee execution of underwriting action (both offensive and defensive)
- Develop and design data visualizations to effectively communicate complex data sets and insights to stakeholders
- Support the development of predictive models and machine learning models around profitability, profile trending, exposure level analysis and competitive position
- Work closely with product engineering and platform teams to implement process improvements enabling speed, control and targeted actions which support growth and profitability
- 8+ years of direct P&C product, portfolio management, state management, and/or actuarial experience in automated digital distribution models (Small or Lower Mid-Market commercial insurance experience preferred)
- BS Degree or higher in Actuarial Science, Mathematics, Statistics, Computer Science, Business or Finance
- Excellent analytical and communication skills to translate business results, challenges and solutions clearly and concisely to both functional stakeholders and sr management
- Data visualization and design experience (i.e. Qlik, Power BI)
- Intellectual curiosity: proactively seeks learning and able to quickly grasp new concepts, continuously expanding knowledge and expertise
- Strong leadership, organizational and collaboration abilities
- Excellent organization skills with the ability to maintain detailed documentation
The pay range for the role is $125,000 to $175,000. 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.
About UsSkills Required
- 8+ years of direct P&C product, portfolio management, state management, and/or actuarial experience in automated digital distribution models
- Bachelor of Science degree or higher in Actuarial Science, Mathematics, Statistics, Computer Science, Business, or Finance
- Excellent analytical and communication skills, including the ability to communicate business results, challenges, and solutions to stakeholders and senior management
- Data visualization and design experience using tools such as Qlik or Power BI
- Strong leadership, organizational, and collaboration abilities
- Excellent organizational skills and ability to maintain detailed documentation
- Small or Lower Mid-Market commercial insurance experience
- Intellectual curiosity and ability to quickly learn new concepts and expand knowledge
What We Do
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.
