Chubb

Portfolio & Data Analyst

Job description

Job Description

The purpose of this role is to facilitate efficient underwriting analysis whilst developing and maintaining the underwriting MI strategy to support growth, enhance retention, help identifying underwriting strategies that safeguard profit margins. Key functions include data analysis and data management, producing regular MI, maintaining Rate Tables and relativities, supporting Underwriting with portfolio management, training, product development, governance & pricing.

Key Responsibilities

Data Analysis and data management:

  • Enhancing existing data and MI to improve existing rating and monitoring to support the decision-making process.
  • Ensuring new data is explored and available data is not lost by managing its storage, quality and accessibility
  • Analysing and reviewing available data including bordereaux to carry out and deliver pricing analysis, interpreting the output and communicating the results to key stakeholders
  • Interacting regularly with the analytics team; contributing to review of technical pricing models from a business standpoint
  • Liaising with BI, underwriting, claims, finance, operation and IT teams

Pricing

  • Providing input into customer pricing algorithms
  • Developing and updating pricing and profitability monitoring environments; providing accurate, timely and relevant information to enable wider business to react quickly to emerging trends
  • Collaborating with actuarial pricing colleagues on price adequacy review studies and planning exercises
  • In conjunction with our predictive analytics, actuarial and data management teams, develop and help drive global data strategies to improve pricing sophistication, data management, data analytics, rate optimization and management reporting.

Data Led Portfolio Management

  • Support portfolio management
  • Analysis would include but not be limited to segmentation of portfolio.
  • Identify specific poor performing segments; review of overhead and acquisition expenses; review of claim reports/activity; review of portfolio by producer.

Projects, Data Initiatives, Product Development

  • Analyse the Underwriting work flow (new policies, renewals, endorsements, premium coding, etc.) and recommend any necessary changes to ensure effective data collection.
  • Support regional and Home Office UW project initiatives.
  • Support product development initiatives alongside Underwriting
  • Integration and consolidation of underwriting profitability, pricing segmentation and revenue maximization models to optimize yield management and sustainable profit
  • Support underwriting and data analytics in conjunction with global and regional digital underwriting and analytic teams to help accelerate and optimize digital distribution

Best Practices & Training

  • In conjunction with COG and analytic teams, support development and implementation of global best practices pertaining to data analytics, rating models and rate optimization.
  • In conjunction with COG, develop, implement and maintain underwriting guidelines and policy and procedures

Experience And Qualifications

  • Undergraduate degree in Mathematics or similarly numerate subject
  • Highly analytical with strong problem-solving abilities and good communication skills
  • 2+ years of insurance experience, ideally within pricing or an equivalent technical role
  • Strong interpersonal skills and the ability to work well in a team environment
  • Proficiency in Excel, SAS, VBA and Radar is required
  • Ability to manage tight deadlines and priorities
  • Experience of QlikView, SQL coding desirable but not essential
  • Ability to provide quality service to clients, internal and external.
  • Desire to work in a global insurance environment.

Integrity. Client focus. Respect. Excellence. Teamwork

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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