Job Description
The role of the Product Analyst is to provide support to ensure the growth and profitability of the Chubb’s Homeowners and Auto lines of business. The role will assist the Home Office product team by supporting enhancements that improve the product using contract language, underwriting guidelines, system enhancements, pricing/predictive analytics and CAT models.
Primary Job Responsibilities
- Support the development and rollout of Countrywide Pricing Plans and enhancements by working with internal business partners and supporting the regulatory approval of these changes.
- Assist in the research and development of product and coverage enhancements.
- Assist in the monitoring and development of countrywide guidelines to ensure profitability.
- Support the development and rollout of new programs to access new opportunities.
- Utilize market research on competitors (including, rate plans, coverage and forms, and guidelines…) in the High Net Worth, Mass Affluent, Mass Market and Insurtech space to recommend changes to the Homeowners and Auto products.
- Analyze information on post implementation results for Countrywide changes.
- Utilize strong oral and written communication skills to effectively convey reports and analysis results in an easily understandable manner.
- Exhibit organizational skills to effectively manage competing priorities.
- Establish effective working relationships with Underwriting, Actuarial, Regional Product Management, CAT Management, Product Development, Product Support, Product Services and Project Management.
- Prepare information needed to review post implementation results of countrywide initiatives.
- Assist in communicating strategic recommendations to senior management.
- Independently manage low to moderate complexity projects; understand business objectives as they relate to project goals.
Qualifications
- Bachelors degree or equivalent business experience in math, economics, finance, data science/analysis or statistical emphasis.
- 2-4 years Personal Lines experience with a background as a product analyst, actuarial analyst, data analyst, underwriter, catastrophe modeler or similar role preferred.
- An understanding of the rate filing process and the creation of filing support.
- Prior experience working with Personal Lines Auto, Homeowners, Condo, Renters/Tenant, or Flood products.
- Analytical, problem-solving, and critical thinking skills with a strong attention to detail and accuracy.
- Strong written and verbal communication skills.
- Must be able to work effectively as a team member as well as independently.
- Must be organized with excellent time management skills and an ability to synthesize information.
- Familiarity with Microsoft 365 suite of Products with an emphasis on Excel (Lookups, PowerPivot, and the Data Model), SharePoint, Word, PowerPoint and Power BI.
- Familiarity with geographic information systems such as ArcGIS Online, QGIS, Mapserver, PostGIS, etc. is preferred but not required.
About Us
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.
