AVP, Risk Consulting
AVP, Risk Consulting
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The AVP Risk Consulting is responsible for all aspects of analyzing potential financial impacts at a per-policy level of asbestos environmental other long-term exposure and other complex claims with guidance from and reporting to Brandywines SVP Risk Consulting.
JOB RESPONSIBILITIES
- Create Excel models to help assess risk-weighted exposure to Chubb policies for a given claim based on different potentially-applicable damages values trigger and allocation rules coverage defenses and other related parameters.
- Advise claim teams and management on modeling results for a given claim including identifying which parameter(s) most significantly affect Chubbs potential exposure.
- Calculate carriers respective % shares for cost-share agreements under potentially-applicable allocation rules and evaluate and advise on the potential financial impact to Chubb of same.
- Review evaluate and critique models settlement proposals and allocation proposals from counterparties and present results of that analysis to claim teams and management.
- As necessary interface with counterparties modelers to better understand and evaluate the parameters used in their modeling and the basis therefor.
- Assist claim teams and management by providing strategic analysis input for resolving coverage disputes.
- Review for accuracy draft allocations and other calculations prepared by claim handlers and/or counsel.
- Using a pre-packaged program create graphic coverage charts.
- Respond to internal requests for information from management reinsurers auditors etc.
- Prepare timely and accurate reports regarding work performed.
- Provide the highest levels of service to Chubb business partners.
- Mentor/assist colleagues and otherwise share technical expertise with other members of staff.
- Identify opportunities to enhance operations and more effectively achieve Brandywines organizational objectives and communicate the same in a constructive and positive manner.
- Some travel may be required.
Qualifications
MINIMUM REQUIREMENTS
- High degree of technical competence with Excel particularly writing complex formulae.
- Strong analytical skills.
- 4-year college degree.
- Degree in law actuarial science or accounting/finance preferred.
DESIRED QUALIFICATIONS:
- High degree of experience in insurance coverage preferably in the areas of asbestos environmental and other long-tail claims.
- Superior oral and written communication skills.
- Organization and time management skills.
- Experience in a work environment that required collaboration across work groups.
- Working knowledge of using Visual Basic to create macros in Excel.
- Working knowledge of other Microsoft Office utilities.
Required Experience:
Exec
Employment Type
Full-Time
