8 days old

Assistant Vice President, Actuary

Chubb
Whitehouse Station, NJ 08889
  • Job Code
    337777

Chubb is the worlds largest publicly traded property and casualty insurer formed from the January 2016 acquisition of the Chubb Corporation by ACE Limited.





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.





Chubb North America is the US, Canada and Bermuda P&C operating division of Chubb, with about $22 billion of gross written premium. This division comprises three major P&C businesses: Agriculture, Personal Lines, and Commercial Lines. Commercial Lines is further segmented into further detail, mainly by custom size and distribution channel.





Chubb North America has a consistent track record of superior underwriting results achieved with the disciplined application of business analytics to support decision making. Key to this success is the importance placed on the actuarial function to not only signal adverse performance but to proactively map a path to profitable growth in conjunction with business managers.





KEY OBJECTIVE:



The role is a key contributor to the Corporate Actuarial department, reporting to the Senior Vice President and Corporate Actuary, North America, providing actuarial reserve analyses of various businesses as well as having lead responsibilities for certain reporting and financial-related tasks.





The role can be based in either Philadelphia, PA or Whitehouse Station, NJ and will involve regular engagement and interaction with senior business unit and financial leaders as well as North American Actuarial department leaders.



MAJOR DUTIES AND RESPONSIBILITIES:



  • Oversee and complete designated loss and ALAE reserve review analyses each quarter, assisting or leading in the unallocated loss adjustment expense analyses for these lines at year-end;

  • Prepare explanations of change in estimates for business unit, North America and Limited senior management, as well as other interested parties;

  • Complete documentation of reserve analyses, including reconciliations and support for external actuarial review;

  • Prepare booking changes for bulk reserves into our systems/ledger; work with IT personnel as necessary to refine data detail needed for reserve analysis and booking;

  • Lead quarterly statutory results explanation, working with senior actuarial and financial staff;

  • Support actual vs. expected analysis on lines reviewed as needed;

  • Manage one or two reserving analysts; and

  • Assist with various other financial reporting and/or reconciliation items, including year-end statutory close and audit support.

MINIMUM REQUIREMENTS:



  • 6+ years actuarial experience in P&C insurance;

  • Associateship/Fellowship in either Casualty Actuarial Society or equivalent international actuarial body;

  • Strong analytical skills with the ability to provide clear and concise verbal and written communications to non-actuarial business leaders; and

  • Detail-oriented; able to maintain good documentation and record keeping.





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.









Posted: 2021-06-08 Expires: 2021-07-07
Sponsored by:
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Assistant Vice President, Actuary

Chubb
Whitehouse Station, NJ 08889

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