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Full-time New Product Design Specialist for Accident & Health - Policy Drafting Experience Needed

at Chubb in New Jersey

For nearly 130 years, the Chubb Group of Insurance Companies has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.

Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 27 countries staffed by 10,100 employees. The Chubb Corporation reported $50 billion in assets and $13 billion in revenues in 2010. According to Fortune magazine, Chubb is the 185th largest U.S.-based Corporation. Forbes listed Chubb as one of America’s 100 Most Trustworthy Companies.

We have emerged as a leader in the insurance industry not only on the basis of our size or our longevity. We consistently strive to build lasting relationships with our customers and 8,500 independent agents and brokers, and we aim to be the best at what we do by delivering unparalleled service and innovative, scalable and specialized products backed by financial strength and third-party endorsements.

Chubb is currently seeking a New Product Design Specialist to join our Accident & Health Team in Whitehouse Station, NJ.

Job Summary:
Chubb is looking for an experienced and innovative accident insurance expert to draft and design insurance policies including accident, travel and other policy forms, as well as revising existing products to help Chubb Accident & Health gain a clear advantage over the competition.

• Manage complex drafting assignments and provide technical support to others, including underwriting, marketing and training teams.
• Participate in drafting reviews with the larger New Product Development team, including Underwriting management, Claims, Compliance, Legal and State Filing teams.
• Provide expertise in analyzing proposed product changes requests from the field and Profit Center Managers, defining possible options to support the requested change and clearly identify the impact.
• Write group and individual insurance policies, certificates of coverage and other policy forms for a diverse array of benefits.
• Evaluate, develop and implement revisions to existing products and introduce new products in support of A&H profit centers including Employee Benefits, Special Risk, and Consumer Solutions (Affinity Markets).
• Analyze products and define business objectives for new/changing product; document and deliver findings and recommendations to Zone Underwriting Manager, Profit Center Managers and Zone Officers.
• Advise and consult with customers, brokers and business leaders on issues relating to the content and administration of policy documents.
• Work with State Filings and Compliance to respond to DOI interrogatories.
• Assist with the conceptual planning, implementation and execution of the product launches.
• Be well informed and stay current of the overall marketplace and become a primary competitive intelligence resource for internal staff. This includes research and analysis of competitor products. Determine product opportunities and information that would assist in product planning.
• Keep up to date with new legislation to determine the impact to policy forms by communicating with our internal Compliance and Legal teams.
• Complete all product analyses; and provide detailed information as needed by IT to develop and implement agreed-upon system changes. Makes sure approved forms are put into the applicable systems properly, proofread and tested.
• Serve as the division's subject matter expert supporting Underwriting, Sales, Marketing and IT teams as appropriate, so that the individual areas of responsibility can be effectively delivered and that the introduction of the resulting product or change supports the intended Underwriting strategy.
• Support the division's dedicated Learning and Development Manager in the development of insurance related product training materials.

Knowledge & Skills:
• Industry experience is mandatory. The candidate must have in-depth accident product knowledge to help design new policy forms for our group and individual markets. Should also have experience with insurance contracts, forms construction and state compliance requirements.
• The ideal candidate must have experience in Accident and Health and/or Life. Having Property and Casualty experience is a plus. A background in accident underwriting and/or claims is helpful.
• Must have experience dealing with the various state requirements that pertain to policy forms to help identify required provisions by state, preparing forms (e.g. amendatory endorsements, notices, application supplements).
• Demonstrated track record in effective project management and coordinating efforts across organizational lines.

Soft Skills:
• Ability to prioritize and organize own work to meet the demands of a deadline driven environment.
• Self-motivated, driven individual with the ability to work collaboratively with interdependent resources (Claims, Legal, Compliance, Underwriting, Actuarial, State Filings, etc.) as well as independently.
• Product and market thinker and highly adaptable to shifting priorities.
• Excellent negotiation skills with ability to influence the priorities and actions of other people and departments.
• Strong verbal and written communications skills; capable of interacting effectively with senior Underwriting managers, Profit Center heads and other internal or external managers and/or vendors.
• Ability to exert strong interpersonal influence.
• Strong analytical and problem solving skills.
• Ability to communicate a vision and purpose.
• PC skills, including proficiency in Microsoft Suite products (Word, Excel, PowerPoint) and Lotus Notes databases.
• Experience with database research platforms

Education and Experience:
• Bachelor's degree or equivalent experience
• Insurance expertise in Group Accident & Health products

Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by Diversity Inc. magazine, one of America’s most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.

Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at

All interested applicants must apply online at Reference Requisition number 11145.

Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.

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Published on Oct 04, 2012
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