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Sr. Underwriting Analyst: Reinsurance & UW Ops International A&H at Chubb in Philadelphia, Pennsylvania

Posted in Accounting 30+ days ago.

Type: Full-Time

Job Description:

Support Underwriting team for International Accident & Health “IAH”, including but not limited to: Reinsurance, Underwriting Operations and Governance


Reinsurance and Cat Management (50%)

  • Support the field on matters relating to reinsurance treaties and processes & procedures

  • Support facilitation of reinsurance activities and initiatives working with reinsurance, accounting, finance, claims, legal, and regional offices

  • Assist with treaty reinsurance renewals, approval submissions, quarterly tracking and exposure monitoring as needed

  • Compile information from our offices globally and information systems for reinsurance renewal packages

  • Analyze reinsurance renewal and inception information and provide related recommendations

  • Provide reinsurance-related administrative support for our Global Accounts program

  • Provide guidance on IAH reinsurance treaties to reinsurance accounting and work with them on:

    • Completing reinsurance reports and billings to partners and reinsurance

    • Completing reinsurance premium adjustments and reconciliation

    • Investigating variance in reinsurance cessions and provide guidance for corrections

    • Reviewing large losses

  • Update and maintain the IAH Global reinsurance summary and other reinsurance related documentation

  • Engage with reinsurance brokers and reinsurers domestically and internationally

  • Review and support underwriting referrals which include ceded reinsurance or large catastrophic exposure

  • Provide guidance to our offices globally on IAH Catastrophe modeling

  • Coordinate with actuarial, CAT modeling team, and A&H underwriting for A&H DotCat modeling to manage IAH exposure accumulations and to achieve best possible reinsurance terms

  • Support the catastrophe modeling process including exposure tracking of black swan cat events

  • Provide feedback and recommendations on catastrophe modeling updates

  • Provide guidance on the impact of catastrophe modeling on our reinsurance purchasing requirements

Underwriting Operations and Governance (30%)

  • Supports the Underwriting Audit process within IAH – cycle management/schedule management, audit recommendations, guidelines, training materials

  • Ensure the quality and timeliness underwriting audit programs

  • Support on-going revisions and maintenance of underwriting audit system, Athenium

  • Input audit findings into Athenium and document reports and supporting evidence appropriately

  • Tracking of audit and file action items and portfolio review action items through to completion

  • Identify operational efficiencies improvement areas for the audit and reporting processes

  • Monitor the peer review process and reporting

  • Support the administration of underwriting authorities and annual delegation and attestation processes

  • Support the development the IAH Policies, Procedures and UW Bulletins

  • Update central repositories of products and policy wordings

  • Log referrals and submissions from the region for documentation and trend analysis

  • Assist in exploring opportunities to improve referral workflow

Portfolio Management, Account Management, Project Management and Underwriting Support (20%)

  • Support data management initiatives and conduct data analytics to help improve data capabilities

  • Provide product development and project management support for multi-region initiatives

  • Support management of Quarterly Account Management, Portfolio Management and performance monitoring of key accounts and Special Acceptance accounts

  • Collaborate with a broad range of international colleagues in areas including business development, marketing, Digital/IT, product development, actuarial, underwriting, finance, and operations

  • Co-ordination and management of ad-hoc underwriting projects where needed, including but not limited to multinational operations, underwriting associate program, technical underwriting, learning and development training modules, reinsurance support

  • University graduate; masters preferred

  • 5 to 7 years+ of related work experience preferred

  • 3 years+ of A&H Underwriting experience preferred

  • International experience preferred

  • Excellent organizational and project management skills, strong initiative and drive

  • Expertise in underwriting and reinsurance management

  • Knowledge of insurance concepts, practices and procedures

  • Strong Initiative and Drive – entrepreneurial spirit is required

  • Ability to work with people from different cultures and knowledge of foreign languages, desirable but not required e.g. Spanish

  • Proactive, business-focused, problem solver

  • Designation in a related field (i.e. CPCU or ARe designations) preferred

  • Strong working knowledge of Microsoft Office Products and Windows Software products

  • Ability to learn third-party systems, web-applications and databases and become proficient

  • Flexible and adaptable with ability to react positively to changes and revise methods and priorities

  • Ability to work effectively individually and in a team environment

  • Ability to exercise good judgment, professionalism and diplomacy in decision making in individual and group interactions

  • Strong oral and written interpersonal communication skills

  • Strong analytical and inquiry skills to evaluate situations and make logical decisions

  • Desire to work in an international insurance environment

  • Ability to travel internationally (up to 20%)

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