DescriptionJoin Chubb as a Product Services Manager and bring your Commercial Lines expertise to the forefront! If you have a passion for navigating the complexities of commercial insurance products and thrive in a dynamic environment this is the perfect opportunity for you. Leverage your 1-2 years of experience in underwriting product management or regulatory compliance to make a significant impact in our Commercial Lines division.
Legal and Compliance (L&C) - Philosophy and Culture Statement: The L&C is committed to providing best-in-class legal and compliance services to our business partners. The L&C emphasizes teamwork expertise and a can-do attitude. Operating as a best-in-class organization requires a commitment to constant improvement and an on-going commitment to adding value every day by every team member. The group takes pride in delivering consistent customer satisfaction advancing self-development among team members participating in company and team initiatives all with a focus on superior execution.
This is an on-site role. Ideally this candidate will sit in our Philadelphia PA office.
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 product 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.
- Manage special projects as assigned.
QualificationsEducation and Experience:
- Bachelors degree or equivalent industry experience in product management and regulatory issues.
- Minimum 1-2 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 SERFF
- 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
- Knowledge of CSI Xpress Product Library a plus
- Ability to manage multiple projects different demands and competing customers simultaneously in a face paced environment.
Personal Qualities:
- Strong desire to be responsive to customer needs
- Self-motivated with a strong work ethic
- Energetic enthusiastic and has a positive attitude
- Flexible
Required Experience:
Manager