Chubb is seeking a highly motivated and experienced Workers’ Compensation (WC) Product Vice President to join our team. In this role, you will help drive profitable growth for our Commercial Insurance Workers’ Compensation product. You will have leadership responsibilities to drive WC product development and strategy across all Commercial Insurance Portfolio Segments.
As a key member of our Workers Compensation leadership team, you will use your highly developed abilities to both influence and collaborate with Underwriting, Actuary, Price-Modelers, Claims, Operations, Compliance/Government Affairs, IT, Premium Audit, and Marketing to deliver a competitive, compliant, and market leading Workers Compensation Product across the Commercial Insurance Portfolio.
Applicants from other locations will be considered, however, preference will be given to candidates based on Whitehouse Station, NJ, Philadelphia, PA, and Simsbury, CT.
Primary Responsibilities:
- Product Leadership: Develop and execute the vision, strategy, and roadmap for the Workers Compensation product within Commercial Insurance, ensuring alignment with broader business goals. Build and nurture a high-performing team, fostering an inclusive and collaborative environment. Lead cross-functional teams in product ideation, design, and launch, collaborating with Underwriting, Claims, Actuarial, Legal, and IT. Advocate for the WC product with senior leadership. Leverage deep expertise in Workers Compensation to mentor and develop team members.
Product Development: Oversee the lifecycle management of the Workers Compensation product, including coverage and compliance. Accountable for the creation and execution of state-specific plans and filing actions, ensuring alignment with the strategic goals of Commercial Insurance. Collaborate with business leaders and stakeholders to deliver a comprehensive operational plan for rate filings and writing company strategies. Execute product enhancement work including research, launch, and rollout related to established product strategies. Ensure strategies and plans address compliance needs and regulatory requirements. Lead change initiatives to enhance the product development process, incorporating agile methodologies, data-driven decision-making, and automation to drive efficiency and innovation.
Product Delivery: Partner with IT, Operations, and Underwriting teams to ensure seamless implementation of product development initiatives. Establish and maintain strong relationships with internal teams and external vendors to support the WC product. Ensure all product initiatives are executed with precision, efficiency and excellence.
Industry Engagement: Cultivate strong relationships with WC State Bureaus and industry associations to position Chubb as a market leader and stay ahead of industry product trends. Represent the company at industry forums, regulatory meetings, and client presentations.
Market Intelligence: Conduct market, competitor, and consumer research analysis to identify and recommend product enhancements, new market opportunities, and differentiated services. Analyze competitor filings to benchmark Chubb’s competitive position and inform strategic decisions. Identify market trends, regulatory changes, and customer needs to drive product enhancements and new offerings.
- 10+ years of experience in Workers Compensation insurance, specifically in Product Management and/or Product Development roles.
- Deep understanding of Workers Compensation regulations, market dynamics, and competitive landscape.
- Deep knowledge of underwriting, coverage, rules, compliance/regulatory environment, and insurance financials.
- Experience managing large, cross-functional teams in a matrixed environment.
Demonstrated ability to interact and across levels and organizations, including consensus and team building.
Leadership Competencies:
- Strategic thinker with the ability to address the diverse needs of Workers’ Compensation customers across Commercial Insurance.
- Resilient problem-solver who can navigate complex business challenges and deliver results.
- Strong communication and advocacy skills, with the ability to influence stakeholders at all levels of the organization.
Technical Skills:
- Proven experience leading a workers compensation product and team. Must have experience integrating with the State Bureaus and Industry Associations.
- Ability to apply agile principles, practices and methodologies to manage projects, processes and teams in a flexible, iterative and collaborative manner.
Analytical Skills:
- Strong analytical and critical thinking skills, with a keen eye for detail and a focus on continuous improvement.
- Comprehensive understanding of the end-to-end Workers’ Compensation product lifecycle.
The pay range for the role is $150,000 to $180,000. 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 Us
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.
