VP Underwriting, Regional Manager (Finance)
JOB DESCRIPTION
Chubb is seeking a Regional PRV/NFP Manager for the Midwest I Region, encompassing the following branches: Chicago, Schaumburg, Milwaukee and Des Moines to drive leadership, growth, and profit for Private/Nonprofit (PNP) financial lines business. The region consists of managing both regional and branch operations that generate a combined PNP gross written premium of approximately $100M (excl. MW PE team) and responsibilities over 11 field production underwriters/managers. The Regional Financial Lines Manager will report into the Central Zone PNP Production & Distribution zonal manager. This position will be located in Chicago.
Responsibilities:
Revenue Generation and Distribution Management:
- Regional P&L accountability for premium, profitability, growth, retention, and expense plans/results.
- Meet or exceed divisional performance relative to submission growth and quote to submit ratios.
- Manage execution of underwriting strategies and proper risk selection to ensure the profitability of the regional PNP portfolio.
- Articulates strategies and priorities internally with the PNP team, regional branch and commercial insurance colleagues, and externally with producers and clients.
- Provides referral resource including managing capacity deployment, attachment profile, use of reinsurance and diversification of product mix to maximize profitable growth and manage volatility.
- Directs business development and underwriting activities and provides guidance for implementing sales and marketing strategies.
- Build, maintain and leverage meaningful relationships with key regional brokers and agents.
- Represent Chubb North America Financial Lines in the regional marketplace amongst brokers, customers, competitors and industry organizations; must be able to play a key leadership role accordingly.
- Leads all Financial Lines Branch Managers and PNP underwriting teams embedded in the region.
- Oversees workflows, staffing resources and appropriate application of technology to ensure efficient, cost-effective field operation. Aligns regional talent to adapt to changes in Chubb strategy or the marketplace.
- Strategically develops a talent plan across the region, including the active demonstration of support for diversity and inclusion. Review authority and officer titling for team semi-annually.
- Ensures the completion of all phases of performance management (i.e., development planning, goal setting, mid-year and year-end reviews) and compensation for the territory.
- Ensure effective leadership in talent management across the region.
- Meet regularly with branch managers & underwriters to offer and solicit feedback regarding performance, business results, key deliverables and best practices. Coach and mentor underwriting staff through account referral process.
- Encourage engagement in internal training sessions and attendance at external industry marketing and training events.
- Actively seek and identify key external talent through marketplace interaction.
- Obtain feedback from brokers/clients relative to team performance.
- Ensure self and team completely and thoroughly understands the strategies being implemented by the division and execute accordingly.
- Drive financial goals/objectives for the region. Create and execute on tactical plans to reach financial objectives.
- Develop and maintain active relationships with REO, RCOO, and Commercial Zone Managers to drive business unity within Chubb North America.
- Communicate and collaborate across business units, divisions, and with branch administration to articulate NAFL priorities and results.
- Actively support, engage with, and adapt to new technology solutions (including but not limited to ProVI, Studio, and Duck Creek).
- Ensure compliance with underwriting guidelines, authority statements, divisional underwriting procedural documents, and legal and Chief Underwriting Officer mandates.
- Communicate effectively with your team to drive collective priorities and emphasize financial performance and operational improvements.
- Manage forecasts accurately and timely.
QUALIFICATIONS
Skills
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.
