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The Chubb Corporation

Recreational Marine Assistant Product Manager

The Chubb Corporation - Whitehouse Station, NJ

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.

Position Description: 

This position reports to the Senior Vice President, Product Management. As a 

Recreational Marine Assistant Product Manager you will have responsibility for the P&L for the Recreational Marine line of business in North America. 

Although the Whitehouse

Station

, NJ or Chicago, IL office locations are preferred other locations will be considered based on individual circumstances. 

Responsibilities include:

Coordinate the rate review process for all states

Work with field representatives and Actuarial staff to address outcomes of rate indications by developing pricing and/or underwriting strategies that contribute to growth while maintaining profitability and target market focus.

Work with Actuarial staff and Home Office team in development of recommendations from multivariate pricing analysis and predictive modeling work.

Evaluate market competitiveness. This includes: working with Analytics team and field representatives to determine pricing competitiveness, having an understanding of market drivers for the recreational marine lines of business and evaluating competitive advantages/disadvantages of our products.

Create and execute market strategies to improve growth and profit using various analytic reports and data mining to drive recommendations.  

Generate ideas of Product enhancements aimed at driving profitable growth based on the trends and needs in the market

Oversee implementation of rate changes/pricing strategies/product and coverage enhancements ensuring deadlines are met, changes are accurate and appropriate regulatory approval is obtained.

Manage the inflow of bulletins and state regulatory changes, taking appropriate action to ensure compliance.

Assist in development and implementation of underwriting guidelines for the line of business.

Assist the audit team on specific underwriting reviews as necessary.

Assist branches in yearly strategic planning

Assist Personal Lines Training and Education with the instruction around underwriting, coverage, and rating.

Undergraduate degree within an analytic field with superior academic performance

At least 6 years’ experience in the insurance industry, preferably in an analytical role

Familiarity with multivariate pricing segmentation and underwriting models

Ability to understand coverage differentiators and how to gain a competitive advantage while managing profit in using them in your product

Data-driven decision maker; able to complete thorough research and investigation, yet make decisions in a reasonable time frame

Broad understanding of personal lines of business including rate indications, pricing, and coverage. This includes an understanding of geographic and regulatory issues/concerns.

Strong written and verbal communication skills

Excellent negotiation, analytical and organizational skills with the ability to balance the strategic and the tactical

Ability to effectively work independently and with established teams

Experience with High Valued Products desired

Experience with broad range of geographic jurisdictions desired

Proficient with all Microsoft Office Products (Excel, PowerPoint, Word, etc.)

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.

15 days 14 hours ago

The Chubb Corporation

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Location: Whitehouse Station, NJ

Company Profile:
For more than 130 years, the Chubb Group of Insurance Companies has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world. Today, we are the 12th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 26 countries staffed by 10,200 employees. The Chubb Corporation reported $52.2 billion in assets and $13.6 billion in revenues in 2012. According to Fortune magazine, Chubb is the 202nd largest U.S.-based corporation.