PRS Product Development Specialist (Finance)
JOB DESCRIPTION
Key Responsibilities
Develop insurance contract language for Chubb's non-admitted personal lines products (home, auto, excess liability, valuable articles, flood, etc.), designed to meet the needs of successful clients and their families. Creatively develop new solutions to contribute to Chubb's value proposition. This work includes:
- Develop and enhance personal lines surplus lines insurance policies, ensuring they align with company strategy and regulatory standards
- Adapting contract language to align with underwriting intent and strategy
- Drafting accurate policy language and developing quality contract mockups in a timely manner
- Participate in IT testing of policy wording to ensure accuracy, functionality, and compliance with requirements.
- Ability to research and analyze competitor policy language
- Understanding of emerging risks and hazards impacting personal lines insurance
- Scheduling and facilitating policy review meetings with stakeholders
- Facilitate and conduct policy wording training with underwriters and operations team members as needed
- Creating and maintaining accurate documentation and templates
- Collaborating with Legal to ensure that policy language is accurate, complies with applicable laws and meets business objectives
- Collaboratively work with a variety of stakeholders, such as Underwriting Managers, Underwriters, Project Managers, Operations, Legal and IT
- Respond to ad hoc business requests that may include: coverage questions, product analysis, review of communications for accuracy and alignment to strategies, and historical research on prior projects
- Document all work to meet internal compliance standards and achieve favorable audit results
QUALIFICATIONS
Competencies:
Education:
Experience:
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.
