Financial Lines Product Development Coordinator at Chubb

Posted in General Business 26 days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Whitehouse Station, New Jersey





Job Description:

KEY OBJECTIVE:                

                                                                                                                                               

This individual will support the North
America Financial Lines (NAFL) Product Development and Compliance by providing
process management services to both functional areas.  The individual
selected for this position will report directly to the NAFL Chief Products
Officer and will partner closely with the NAFL Business Compliance
Officer. 

 

The Financial Lines Product
Development Coordinator’s primary responsibility would be to serve as liaison
between NAFL Product Development /Compliance and other service areas in an
effort to deploy updated products in our new policy administration system, Duck
Creek.  The Financial Lines Product
Development Coordinator will work in close cooperation with NAFL Product
Support Services/State Filings, Operations, Legal, Actuarial and NA Compliance
staffs and, therefore, must have strong interpersonal and diplomacy
skills.  The ideal candidate will need to
maintain excellent organizational skills as well as being flexible and
adaptable to evolving demands within Product Development and Compliance.  The ability to “own” assigned tasks and
anticipate next steps are highly valued characteristics for this role.   

 

MAJOR DUTIES & RESPONSIBILITIES:   

                                                                                                                        

·         
Product
Development:

o   
Facilitate the
transfer of all refreshed product Forms and Rates to the Ernst & Young and
CapGemini  project teams as NAFL products
are ready for Duck Creek deployment. 
This includes performing an additional level of quality control in
review of policy forms prior to Duck Creek deployment and follow up on any
outstanding questions for each product;

o   
Maintain the
overall product deployment calendar that represents the staging and progress of
activities to be completed for each deployed product;

o   
Represent NAFL
Product Development in all Ernst & Young and CapGemini development
meetings, including documentation of project status and next steps;

o   
Content
coordination, quality control and release of underwriting guidance documents
into the “Knowledge Center” within “Studio” 

o   
Facilitating
Financial Lines Reporting on Duck Creek / Studio activities throughout all
stages of development;

o   
Scheduling the
training for Financial Lines Duck Creek / Studio “champions” and regional underwriting
groups.

o   
Coordinating and
direct involvement in Duck Creek / Studio user acceptance testing

 

·         
Compliance:

o   
Scheduling and
detail support for Financial Lines form/rate filings relating to new and
revised products to be supported by Duck Creek;

o   
Update regulatory
guidelines for easy access by underwriters, SUAs, UAs and policy reviewers; 

o   
Coordinate
training efforts with respect to relevant compliance policies and procedures;

o   
Partner with
colleagues in NAFL Compliance, Product Support Services/State Filing, Legal,
and  Product Owners to ensure products,
systems, processes  and procedures are in
compliance with statutory/regulatory requirements;

o   
Conduct follow-up
for the resolution of all regulatory issues arising out of examinations,
audits, and inquiries. Ensure remediation and appropriate preventive action in
response to violations of rules, regulations and policies;

 

 

MINIMUM REQUIREMENTS:

·         
5+
years of insurance industry experience, primarily in the area of underwriting,
compliance, operations, legal for P&C Commercial Lines products;

·         
College
degree, insurance education a plus;

·         
Project
and Process management experience preferred;

·         
Demonstrated
understanding of Financial Lines products and NAFL product
rating/administration systems (CSIX, Solutions, Genius, BDRating);

·         
General
understanding of  insurance compliance
issues and insurance regulatory environment;

·         
Ability
to manage multiple projects in a dynamic product development environment;

·         
Sensitive
to deadlines and dependencies among related projects, with prioritization and
follow-up required;

·         
Ability
to consistently execute and deliver results;

·         
Demonstrated
ability to develop relationships;

·         
Analytical
and technical skills to understand “root causes” of compliance and operational
deficiencies and effectiveness of controls; 

·         
Occasional
travel may be required. 
 


Chubb strives to offer a diverse and
inclusive and rewarding work environment.  Teamwork and mutual respect are
central to how Chubb operates and we believe the best solutions draw upon
diverse perspectives, experiences and skills.  We operate in such a way
where everyone, regardless of their singular background has the opportunity to
contribute to our collective success.