Rate Analyst

Chubb•Philadelphia, PA

10d

About The Position

NA Legal and Compliance (L&C) - Philosophy and Culture Statement: L&C is committed to providing best-in-class legal and compliance services to our business partners. L&C emphasizes teamwork, expertise and a “can-do” attitude. Operating as a best-in-class organization requires a commitment to constant improvement and an on-going commitment to adding value – every day, by every team member. The group takes pride in delivering consistent customer satisfaction, advancing self-development among team members, participating in company and team initiatives – all with a focus on superior execution. 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.

Responsibilities

Maintain rating engines used for various lines of insurance using Ratabase Next Generation.
Design, create and implement desired rating information and solutions in the Ratabase Next Gen application. Test changes within Ratabase, to ensure desired outcome is according to requirements and in compliance with filed company rate and rule filings.
Review work authorization requests, requirements documents and/or Circulars/Bulletins and prior change documentation to understand changes needed and how to affect the change in the specific system.
Maintain updates to existing tables and algorithms within various rating databases.
Maintain informational logs, write technical specifications documents and other Quality Assurance control mechanisms.
Provide IT with changes made so they can determine changes needed for the interface and or policy print.
Assist as needed and participate in work sessions with Rate Analysts, Rate Specialists, Product Managers, IT and business customers to develop knowledge and experience with rating needs and impact to other areas to assist in rating system design.
Learn and keep current with rating and rating plans for various lines of insurance.
Assist in maintaining documentation needed for communications and vital records.
Analyze rating problems in effort to provide solutions to resolving problems.
Perform work in a manner that is focused on exceeding customer’s expectations.
Manage or participate in special projects at management request as needed.