Vice President, PRS Flood Product Leader

JOB SUMMARY:

• Responsible for driving all financial metrics relating to the Flood Lines of Business
• Sets and communicates clear LOB Product strategy, to ensure PRS’s Flood offering is aligned with Chubb’s personal lines target market and value-added strategy in order to create a competitive advantage
• Develop and manage all Flood pricing, underwriting and coverages.  Coordinate and prioritize implementation of resultant changes with other PRS functional departments
• Develops annual Flood rate plan based upon the PRS Actuarial Pricing Study rate indications
• Manage and drive Flood priorities within the PRS systems

 

MAJOR DUTIES & RESPONSIBILITIES:                

• Accountable for driving profitable growth of Flood line of business
• Work with Field Product Leader, field teams and Digital Distribution Lead to develop strategies to increase submission flow of profitable Flood new business
• Monitor industry pricing, underwriting and contract changes and internally developed competitive analysis to educate the organization and potentially make revisions to our programs as warranted 
• Advance underwriting and pricing accuracy by identifying and implementing reliable sources of verified third party data
• Develop, lead and monitor various projects
• Partners with the Catastrophe Modeling team to monitor areas of catastrophe and aggregation concerns and leads appropriate business actions to achieve corporate goals 
• Develops and implements catastrophe management strategies
• Develop and implement underwriting models/guidelines which support the division’s target market strategy and enable appropriate underwriting business awareness identification/declination of risks which cannot be adequately priced or have catastrophe concerns
• Engage with internal and external business partners to drive line of business awareness, facilitate on-site and virtual training on rating & coverage enhancements, Flood related topics
• Provide periodic communications to the overall PRS teams regarding “state of the class” such as performance/results patterns, trends, competitive subjects, strategies, product and pricing developments/changes, etc.
• Collaborate in a team environment with Field Product Management, Sales, Underwriting, Risk Consulting, Operations, IT, Claims, General Counsel, and Actuarial to achieve business plans 
• Work with Marketing to develop new marketing materials and resource tools
• Represent Chubb on various industry committees and conferences

SKILLS:

• An in-depth knowledge of personal lines high net worth strategies, products, and pricing   
• Strong understanding of flood lines of business including rate indications, pricing, and coverage.  This includes an understanding of geographic and regulatory issues/concerns
• Expertise with multivariate pricing segmentation and underwriting models 
• Expertise and in-depth knowledge of personal lines market
• Possess strong leadership, collaboration, communication, and influence management skills
• Strong interpersonal, analytical and negotiation skills
• Demonstrated abilities to manage multiple priorities and develop long-term strategies
• Demonstrated ability to effectively interact with all levels of internal and external business partners
• Strong analytical and critical thinking skills with strong attention to detail 
• Successful, multi-year experience in a personal insurance product management role

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 re