AVP, Risk Consulting (Finance)
JOB DESCRIPTION
The AVP, Risk Consulting is responsible for all aspects of analyzing potential financial impacts at a per-policy level of asbestos, environmental, other long-term exposure, and other complex claims with guidance from, and reporting to, Brandywine's SVP Risk Consulting.
JOB RESPONSIBILITIES
- Create Excel models to help assess risk-weighted exposure to Chubb policies for a given claim based on different potentially-applicable damages values, trigger and allocation rules, coverage defenses, and other related parameters.
- Advise claim teams and management on modeling results for a given claim, including identifying which parameter(s) most significantly affect Chubb's potential exposure.
- Calculate carriers' respective % shares for cost-share agreements under potentially-applicable allocation rules, and evaluate and advise on the potential financial impact to Chubb of same.
- Review, evaluate, and critique models, settlement proposals, and allocation proposals from counterparties, and present results of that analysis to claim teams and management.
- As necessary, interface with counterparties' modelers to better understand and evaluate the parameters used in their modeling and the basis therefor.
- Assist claim teams and management by providing strategic analysis input for resolving coverage disputes.
- Review for accuracy draft allocations and other calculations prepared by claim handlers and/or counsel.
- Using a pre-packaged program, create graphic coverage charts.
- Respond to internal requests for information from management, reinsurers, auditors, etc.
- Prepare timely and accurate reports regarding work performed.
- Provide the highest levels of service to Chubb business partners.
- Mentor/assist colleagues, and otherwise share technical expertise with other members of staff.
- Identify opportunities to enhance operations and more effectively achieve Brandywine's organizational objectives, and communicate the same in a constructive and positive manner.
- Some travel may be required.
QUALIFICATIONS
MINIMUM
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.
