VP, Underwriting Analytics, Chubb Small Business at Chubb in New York, New York

Job Description:

Chubb is the world’s largest publicly traded property and casualty insurer. 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.

The Vice President of Underwriting Analytics is responsible for leading the Small Business Division’s portfolio management and advanced analytics strategy and execution. Leading a cross-functional team of actuaries, data scientists and analysts, this individual’s responsibilities span P&L management, data strategy, pricing, modeling, AI/ML and performance monitoring for the Small Business Division’s Underwriting & Portfolio Management Domain. This senior leader will be responsible for driving the divisions advancement in underwriting capabilities in a fully automated, digital distribution environment across all P&C lines.

 

Responsibilities

• Direct responsibility for underwriting performance, including production and ultimate P&L results for the Division, aligned directly to Division CUO  


• Set advanced analytics vision for underwriting and portfolio management; drive innovation, process modernization and effective use of data platforms   


• Oversee execution of digital transformation initiatives under an Agile, dynamic operating model


• Lead cross-functional teams of actuaries, data scientists, engineers, product and portfolio managers and business analysts to develop new portfolio management capabilities and oversee operating performance


• Act as key partner for the divisions Lead Actuary; collaborate to develop an efficient operating model for actuarial and analytics strategy and execution within the digital transformation


• Oversee execution of modeling, pricing and underwriting action to achieve adequacy and mix objectives

• Continuously monitor the health and performance of the portfolio – develop a rigorous portfolio management process to accurately monitor achieved rate changes, new business adequacy, and mix

• Innovate upon existing foundational capabilities (i.e. technology infrastructure, data platforms, BI tools) to promote speed, efficiency and data-centricity


• Lead the development of predictive models and machine learning models to support profitability, profile trending, exposure level analysis, underwriting model performance and competitive position

• Foster data integrity, quantitative discipline, and analytical rigor, including the continuous enhancement of 1st and 3rd party data used in modeling, underwriting and monitoring 

Qualifications:

• 8+ years of experience within property & casualty pricing, advanced analytics and portfolio management


• Demonstrated actuarial proficiency in automated digital-first ecosystems


• BS Degree in Mathematics, Statistics, Actuarial or Computer Science, or a related quantitative field; MS advanced degrees and ACAS/FCAS preferred  


• Demonstrated leadership skills and ability to manage and motivate staff


• Excellent analytical and quantitative analysis skills


• Proficiency in SAS, SQL, Python or R; RADAR a strong plus


• Strong familiarity and strategic vision for technological innovation across platforms, data, and analytics


• Strong written and oral communication skills


• Excellent business acumen and strategic thinking


• Integrity, objectivity, and self-confidence


• Ability to project influence and affect outcomes

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.

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.