Owns P&L performance, profitability, growth, and digital transformation for Small and Lower Mid-Market commercial insurance portfolios. Leads pricing, underwriting, portfolio monitoring, analytics, data visualization, predictive modeling, and machine learning initiatives. Partners with actuarial, product, engineering, technology, and distribution teams to implement process improvements and underwriting actions across digital channels and geographies. Communicates insights to stakeholders and senior leadership while leading cross-functional teams in an Agile operating model.
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 Us Chubb is a world leader in insurance. With operations in 54 countries, 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. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
Chubb Chicago, Illinois, USA Office
Chicago, United States, 0
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