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

Job Description:

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

MAJOR DUTIES & RESPONSIBILITIES:

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%)