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AVP, Non-Admitted Product Development Manager in Whitehouse Station, NJ at Chubb Group of Insurance Companies

Date Posted: 4/24/2018

Job Snapshot

Job Description

The Non-Admitted Product Development Manager will play a key role in the development and implementation of Chubb Personal Risk Services’ excess and surplus line products.  
Reporting to the VP of Insurance Product Innovation and Product Development, the Product Development team is responsible for the development of admitted insurance contract forms, contract modifications, and non-admitted insurance solutions.   As part of the team, the Non-Admitted Product Development Manager will lead through influence management, with a focus on helping the department respond to requests for custom solutions.
Key responsibilities:
  • Develop custom manuscript forms and endorsements for Chubb’s largest personal lines accounts.  Creatively develop new solutions to contribute to Chub’s value proposition.
  • Collaboratively work with stakeholders, such as Underwriting managers to meet the needs on individual accounts; project managers, who may be involved in larger projects; Line of Business managers, to ensure product and appetite alignment.  All projects also involve general counsel to ensure that the product language meets the business objectives.  A key aspect of this role is the management of these collaborative relationships.
  • Oversee the workflow design, implementation, and long-term maintenance for finalized forms and endorsement.  This includes maintaining a product library and collaborating with operations to enable quality fulfillment.
  • Assist with any market conduct exams or any other compliance issues.
  • Work with manager in maintaining a team schedule of projects, including developing project scope estimates. Track work volume, in collaboration with other Product Development Managers on the team. And generally help the department respond to evolving business priorities.   
  • Ensure alignment with admitted product strategies, to the degree possible.
Requirements:
  • Bachelor’s degree. Advanced degrees in business or law a plus.
  • Successful, multi-year experience in a product development role for an insurance company.  Personal lines experience a plus. An understanding of end-to-end product development, including filing process, regulatory climate, and insurance product-related technology is also a plus.
  • Strategy development experiences a plus.
  • Proven project management skills, with a track record of working independently, managing competing priorities and meeting deadlines.
  • Advanced oral and written communications skills.  Must be comfortable presenting to senior leadership.
  • Should be able to express product design concepts, such as operational trade-offs, contract structural design standards, and customer experience implications.  Commercial or Personal Lines experience welcomed. Non-admitted/E&S experience writing contracts will be preferred.
  • Collaborative leadership skills.  Must work well with the team, be willing to train others, and lead through example. Must have a demonstrated record of partnering with teams across an organization and achieving business results.  
  • Advanced Microsoft Office skills- including Word, Excel and Powerpoint. Experience with Jive or Sharepoint a plus. 
  • Strong analytical and critical thinking skills.  Must pay thorough attention to details.