VP, Portfolio Management at Chubb, Philadelphia, PA
VP, Portfolio Management at Chubb in Philadelphia, PA. $175,000 to $225,000 a year. Apply with swipeandhired.
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
- 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.