7+ years in P&C portfolio/product management with a proven record of profitable growth
Strong analytical and communication skills for clear messaging to diverse stakeholders
Effective leadership and collaboration skills for cross-functional team alignment
Strategic thinker with advanced skills in portfolio analysis and management
BA/BS degree; advanced degree or professional certifications preferred
Responsibilities
Drive profitable growth across various distribution channels and optimize the SLM portfolio
Develop strategies for underwriting, product, pricing, and agency management to meet KPIs
Monitor portfolio health and market trends, partnering with analytics and actuarial teams
Set priorities for SLM initiatives and lead evidence-based decision-making processes
Collaborate with CI Portfolio Management teams to leverage organizational expertise
Work with actuarial and analytics teams on pricing and AI/ML models
Ensure effective execution of portfolio strategies and support operational goals
Partner with the Transformation Delivery Office for digital transformation initiatives
Benefits
Comprehensive benefits package
Participation in a discretionary annual incentive program
Full Job Description
Job Description
The VP of Portfolio Management, Chubb Small and Lower Midmarket ("SLM") is a dynamic leadership role with P&L accountability for a large and growing multiline P&C portfolio. The successful candidate will combine technical expertise in underwriting, portfolio management, pricing, and analytics with leadership, collaboration, and influence skills to drive profitable growth for the division. This role reports to the Chief Operating Officer of SLM with a matrixed reporting relationship to the Head of Commercial Insurance ("CI") Portfolio Management.
Responsibilities
Drive profitable growth across multiple distribution channels and optimize the SLM portfolio by line of business, industry practice, and geography.
Develop underwriting, product, pricing, and agency management strategies and tactics to achieve target KPIs including profitability, quote ratio, hit ratio, and straight-through processing rates.
Continuously monitor the health and performance of the portfolio as well as market trends (competitor, distribution, technology, and economic); partner with the data, analytics, actuarial, and Portfolio Insights teams to advance SLM's analytical capabilities
Set priorities for SLM initiatives, lead the evidence-based decision-making process for cross-functional teams of subject matter experts, and establish analytical decision-making frameworks to ensure consistent, high-quality recommendations
Collaborate with CI Portfolio Management Line of Business and Industry Practice teams to achieve shared P&L accountabilities and enable SLM to fully leverage the depth and breadth of the broader CI organization's expertise and capabilities, including Claims and Risk Consulting
Collaborate with actuarial, analytics, data, and modeling teams on pricing, underwriting, and AI/ML models and third-party data sources to achieve portfolio objectives
Ensure effective execution of portfolio strategies and support operational/efficiency goals by partnering closely with colleagues in Field Underwriting, Business Development, Digital Distribution, and Experience
Partner with the Transformation Delivery Office to ensure successful implementation of portfolio strategies and support SLM's digital transformation initiatives
Engage Legal, Compliance, and Audit teams to ensure all portfolio actions adhere to applicable regulatory requirements
Qualifications
7+ years' experience in P&C portfolio/product management with demonstrated track record of delivering profitable growth through specific initiatives
Combines strong analytical and communication skills - able to distill complex topics into clear and concise messages to stakeholder audiences ranging from frontline staff to executive leaders
Strong leadership, influence, and collaboration skills - can effectively lead cross-functional teams and influence/align stakeholders across the broader organization
Strategic thinker with advanced portfolio analysis, organization, and management skills with strong detail orientation
BA/BS degree; advance degree and/or professional certifications preferred
The pay range for the role is $175,000 to $225,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
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.
