11 days old

Assistant Vice President & Actuary

Chubb
Whitehouse Station, NJ 08889
  • Job Code
    337974

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.







This Assistant Vice President & Actuary position is responsible for supporting the Casualty pricing unit of Commercial/Small Commercial (CI/SCI) Actuarial. The role is based in our Whitehouse, NJ office and reports to the Lead Actuary for Commercial/Small Commercial Casualty.





Duties and Responsibilities related to these product lines:





  • Work closely with CI/SCI management to address actuarial pricing needs for Casualty lines including Monoline GL, Package GL, Multinational and multi-line program business

  • Complete annual pricing studies, as well as ad-hoc pricing study requests

  • Conduct annual casualty loss trend analysis

  • Work with CI/SCI management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators

  • Complete monthly, quarterly and annual reporting requirements for price monitoring and actual versus expected

  • Support the purchase and placement of reinsurance

  • Work with the predictive analytics team to support CI/SCI underwriting initiatives

  • Manage one direct report



Qualifications:



  • BS Degree or higher in Mathematics, Actuarial Science, Statistics, Finance or a related field

  • ACAS; FCAS preferred

  • 7+ years of relevant actuarial pricing or reserving experience

  • Proficiency in Excel, familiarity with a programming or querying language, such as SAS / SQL / R / FOCUS / Python

  • Excellent analytical and communication skills, the ability to provide clear and concise verbal and written communications to non-actuarial business leaders; and

  • Strong organizational and collaboration abilities









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

Chubb
Whitehouse Station, NJ 08889

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