Chubb is seeking a SVP, Auto Line of Business Underwriting and Portfolio Manager with technical expertise in underwriting, portfolio management, and pricing. The successful candidate will leverage their leadership, strategic thinking, and influence management skills to collaborate effectively with cross-functional teams, ensuring alignment with organizational goals and driving strategic initiatives within the Auto line of business.
Key Responsibilities:
- Underwriting:
- Accountable for profit and growth of the Auto portfolio.
- Work with the Auto Line of Business manager to manage and identify line of business strategies to appropriately manage the portfolio. Implement these strategies to the field in a clear, concise and executable manner to ensure proper field execution.
- Work with the Auto Line of Business Manager to monitor and manage the portfolio to ensure growth in the segments that have margin. Similarly, manage cohorts where growth needs to be constrained, and portfolio improvement is required.
- Partner with Industry Practice Leaders to develop executable strategies to drive growth and profitability.
- Work closely with field underwriters, Commercial Insurance managers, and territory underwriting managers on referrals to ensure proper terms, conditions, risk selection and pricing are adhered to.
- Work in a team environment with Industry Practice Managers, Technology, Claims, General Counsel, Actuarial, and field underwriting to achieve business plans
- Portfolio Management:
- Oversee Auto product line portfolio management, including claim trend analysis, to utilize data to drive strategies and underwriting rules.
- Manage the portfolio analysts who are responsible for portfolio management work.
- Required to identify additional areas of portfolio review for constant/consistent portfolio optimization.
- Based on the portfolio analysis, work with the Auto Line of Business manager to implement changes to strategies, pricing, guidelines and underwriting rules.
- Oversee product pricing, including pricing models. Responsible for working to identify external data and tools that are useful in pricing and analytical analysis of profitability.
- Work closely with actuarial and analytics resources to consistently improve pricing segmentation and implementation.
- Engage with Claims to ensure that data capture, definitions and accessibility are optimized to enable best/fastest insights into loss cost details and trends for consumption by business units to inform pricing and underwriting changes.
- Collaborate with technology management in project prioritization and planning to understand future resource needs.
Qualifications
- Demonstrated leadership skills with the ability to foster a collaborative and high-performance work environment to achieve strategic business objectives.
- Track record of managing a profitable portfolio. Ability to demonstrate portfolio actions that were developed to maintain and grow profitably.
- Advanced skills in portfolio analysis. Candidates must demonstrate the ability to analyze and identify areas for concern and improvement via data analysis. Additionally, candidate must have experience in implementing action steps to improve identified vulnerabilities.
- Ability to think strategically and develop strategies to address current and future exposure.
- Strong interpersonal, analytical and negotiation skills. Candidates must be detail-orientated with advanced influence management and communication skills.
- Demonstrated ability to effectively interact with all levels of internal and external business partners and be able to multi-task and balance multiple priorities.
Education and Experience:
- Proven leader in the insurance industry with a minimum of 10 years of technical underwriting experience in Auto.
- Advanced experience in pricing model development and deployment. Advanced skillset in managing rate, state filings, and segmented pricing models with actuarial and analytics supported resources.
- Experience working with third party data vendors.
The pay range for the role is $200,000 to $250,000. 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
- Minimum of 10 years of technical underwriting experience in Auto
- Advanced experience in pricing model development
- Ability to analyze and identify areas for concern via data analysis
- Demonstrated leadership skills
- Strong interpersonal and negotiation skills
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.
