VP, Workers' Compensation Product Manager

Chubb•Whitehouse Station, NJ

64d•$150,000 - $180,000

About The Position

Chubb is seeking a highly motivated and experienced Workers' Compensation (WC) Product Vice President to join our team. In this role, you will help drive profitable growth for our Commercial Insurance Workers' Compensation product. You will have leadership responsibilities to drive WC product development and strategy across all Commercial Insurance Portfolio Segments. As a key member of our Workers Compensation leadership team, you will use your highly developed abilities to both influence and collaborate with Underwriting, Actuary, Price-Modelers, Claims, Operations, Compliance/Government Affairs, IT, Premium Audit, and Marketing to deliver a competitive, compliant, and market leading Workers Compensation Product across the Commercial Insurance Portfolio.

Requirements

10+ years of experience in Workers Compensation insurance, specifically in Product Management and/or Product Development roles.
Deep understanding of Workers Compensation regulations, market dynamics, and competitive landscape.
Deep knowledge of underwriting, coverage, rules, compliance/regulatory environment, and insurance financials.
Experience managing large, cross-functional teams in a matrixed environment.
Demonstrated ability to interact and across levels and organizations, including consensus and team building.
Strategic thinker with the ability to address the diverse needs of Workers' Compensation customers across Commercial Insurance.
Resilient problem-solver who can navigate complex business challenges and deliver results.
Strong communication and advocacy skills, with the ability to influence stakeholders at all levels of the organization.
Proven experience leading a workers compensation product and team. Must have experience integrating with the State Bureaus and Industry Associations.
Ability to apply agile principles, practices and methodologies to manage projects, processes and teams in a flexible, iterative and collaborative manner.
Strong analytical and critical thinking skills, with a keen eye for detail and a focus on continuous improvement.
Comprehensive understanding of the end-to-end Workers' Compensation product lifecycle.

Responsibilities

Product Leadership: Develop and execute the vision, strategy, and roadmap for the Workers Compensation product within Commercial Insurance, ensuring alignment with broader business goals. Build and nurture a high-performing team, fostering an inclusive and collaborative environment. Lead cross-functional teams in product ideation, design, and launch, collaborating with Underwriting, Claims, Actuarial, Legal, and IT. Advocate for the WC product with senior leadership. Leverage deep expertise in Workers Compensation to mentor and develop team members.
Product Development: Oversee the lifecycle management of the Workers Compensation product, including coverage and compliance. Accountable for the creation and execution of state-specific plans and filing actions, ensuring alignment with the strategic goals of Commercial Insurance. Collaborate with business leaders and stakeholders to deliver a comprehensive operational plan for rate filings and writing company strategies. Execute product enhancement work including research, launch, and rollout related to established product strategies. Ensure strategies and plans address compliance needs and regulatory requirements. Lead change initiatives to enhance the product development process, incorporating agile methodologies, data-driven decision-making, and automation to drive efficiency and innovation.
Product Delivery: Partner with IT, Operations, and Underwriting teams to ensure seamless implementation of product development initiatives. Establish and maintain strong relationships with internal teams and external vendors to support the WC product. Ensure all product initiatives are executed with precision, efficiency and excellence.
Industry Engagement: Cultivate strong relationships with WC State Bureaus and industry associations to position Chubb as a market leader and stay ahead of industry product trends. Represent the company at industry forums, regulatory meetings, and client presentations.
Market Intelligence: Conduct market, competitor, and consumer research analysis to identify and recommend product enhancements, new market opportunities, and differentiated services. Analyze competitor filings to benchmark Chubb's competitive position and inform strategic decisions. Identify market trends, regulatory changes, and customer needs to drive product enhancements and new offerings.

Benefits

This role may also be eligible to participate in a discretionary annual incentive program.
Chubb offers a comprehensive benefits package, more details on which can be found on our careers website.

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