18 days old

Assistant Actuary

Chubb
Whitehouse Station, NJ 08889
  • Job Code
    330729
  • Jobs Rated
    10th

Chubb is the worlds largest publicly traded property and casualty insurer. 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.


CI Rating, Modeling Assistant Actuary



The position will be based in Whitehouse Station NJ and provide rating plan support for the Property and GL products within Chubbs Commercial Insurance Division (CI), a provider of insurance to small and middle market companies.


MAJOR DUTIES & RESPONSIBILITIES:



Collaborate with other areas of Commercial Insurance (ex: Product Management, Underwriting, Field Sales, I/T, Finance, etc.) to support the introduction of new CI product offerings, as well as enhancements to existing products and systems.
Develop analytical tools, detailed data queries and performance reports to monitor portfolio performance and achieve growth and profit targets for the division.
Propose detailed rate level changes on a state by state basis to help achieve strategic objectives. Quantify impacts of rate change proposals and communicate findings to management via clearly laid out reports, presentations and exhibits. Evaluate tools such as Radar to enable more comprehensive and granular rating analyses.
Review predictive model outputs for reasonability and validity. Offer suggested adjustments to modeling approach and/or final factors to maximize practical outcomes. Partner with Chubb Global Analytics practice and I/T to implement findings into CI Pricing, Underwriting, Operations, etc.
Review rate level adequacy and craft filing documents to submit rating and pricing model revisions to state departments of insurance.

MINIMUM REQUIREMENTS:


Demonstrated ability to learn and apply intermediate programming skills for the production of analytical datasets and reports from source system databases using SQL, SAS, R, Python or comparable software.
Strong analytical skills with the ability to provide clear and concise verbal and written communications of analyses, financial results, and work products.
Excellent organizational skills along with the ability to maintain adequate documentation and record keeping.
Five (5) years of insurance industry experience; preferably in pricing or predictive modeling.
Bachelors or Masters degree in Actuarial Science, Mathematics, Statistics, Finance or similar technical discipline.

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.

For additional information about Chubb or its services, please visit our website at http://www.chubb.com.







Jobs Rated Reports for Actuary

Posted: 2019-10-31 Expires: 2019-11-29
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Assistant Actuary

Chubb
Whitehouse Station, NJ 08889

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Actuary
10th2018 - Actuary
Overall Rating: 10/220
Median Salary: $100,610

Work Environment
Very Good
9/220
Stress
Low
76/220
Growth
Very Good
26/220
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