Chubb

Product Services Manager

Chubb • $90K — $120K *
Philadelphia, PA 19120In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent industry experience in product management and regulatory issues.
  • 3-5 years in Commercial Lines products in underwriting, product management, or regulatory compliance.
  • General knowledge of Commercial Lines insurance products, policy language, and coverages.
  • Strong organizational and project management skills.
  • Excellent written and oral communication skills.

Responsibilities

  • Develop and file new Commercial Lines products and amendments that meet business objectives and comply with laws.
  • Maintain compliance of assigned Commercial Lines Products including forms and rating plans.
  • Implement approved rate/rule/form changes in policy issuance systems.
  • Direct Commercial Lines filings for expedited approvals and resolve objections with input from relevant teams.
  • Perform regulatory reviews and draft necessary amendatory language for products.
  • Analyze regulatory changes and propose organizational responses and advisories.
  • Support regulatory compliance activities, including audits and Market Conduct Examinations.

Benefits

  • Opportunity for involvement in the development and management of Commercial Lines insurance products.
  • Collaborative work environment with cross-departmental engagement.
  • Access to a variety of resources for professional development within the organization.
Full Job Description
Job Description

The ideal candidate will sit in our Philadelphia, PA office. Other Chubb locations may be considered.

Major Duties and Responsibilities:
  • Work with business units in the development and filing of new Commercial Lines products, amendments, coverages, rating plans, and programs that conform to applicable laws while meeting business objectives.
  • Manage and maintain assigned Commercial Lines Products including forms, rules, and rating plans so they are in compliance with regulatory requirements.
  • Manage/implement approved rate/rule/form changes in the appropriate policy issuance system(s).
  • Develop and direct Commercial Lines p filings to ensure expedited filing approvals. Provide input/drive resolution to filing objections with Business Unit and Actuarial input.
  • Perform regulatory review of products and draft state amendatory language.
  • Analyze regulatory and legislative changes and propose action as needed. Develop and circulate advisory bulletins as appropriate.
  • Provide technical advice, counsel, and assistance in the development and utilization of the policy issuance system(s) utilized by Commercial Lines.
  • Participate in and support regulatory compliance activities including audits of business units and Market Conduct Examinations.
  • Research and develop reference tools on important product issues for posting to the internal Chubb intranet as guides for the Business Unit.
  • Provide detailed and accurate product requirements (forms, rules) to IT/third party vendor for system implementation.
  • Prepare and submit filings for entry into SERFF; track and respond to product objections.
  • Monitor Reference Organization (ISO) changes and communicate as appropriate to ensure compliance.
  • Manage special projects, as assigned.


Qualifications

Education and Experience:
  • Bachelor's degree or equivalent industry experience in product management and regulatory issues.
  • Minimum 3 - 5 years of experience in Commercial or Commercial Lines products in underwriting, product management or regulatory compliance.

General Skills:
  • General knowledge of Commercial Lines insurance products, policy language and coverages.
  • Strong organizational and project management skills.
  • Ability to work independently and as part of a team.
  • Computer proficient in using Word, Excel, Adobe Pro.
  • Excellent written and oral communication skills.
  • Demonstrates strong attention to detail and commitment to project ownership, accuracy, and completion on a timely basis.
  • Experience in documenting business requirements a plus.
  • Ability to manage multiple projects, different demands and competing customers simultaneously in a face paced environment.
  • Knowledge of SERFF a plus.

Personal Qualities:
  • Strong desire to be responsive to customer needs.
  • Self-motivated with a strong work ethic.
  • Energetic, enthusiastic and maintains a positive attitude.
  • Adaptive to changing environments


About Chubb

Chubb Limited is a Swiss-based global insurance company that provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance, and life insurance to a diverse group of clients. Chubb operates in 54 countries and territories and is the world's largest publicly traded property and casualty insurance company. The company has a long history, dating back to 1882, and has grown through a series of mergers and acquisitions. Chubb is known for its high-quality insurance products and services, as well as its strong financial performance and commitment to corporate social responsibility.
Learn more about Chubb
Size
31,000 employees
Market Cap
$90.7 billion
Industry
Finance & Insurance
Net Income
$3.5 billion
Founded
1882
5 Year Trend
+5.3%
Revenue
$35.9 billion
NASDAQ
CB
* Ladders Estimates

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