VP, Portfolio Management
Chubb · Philadelphia
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
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.