Essential Job Duties and Responsibilities:
- Work closely with Actuarial Manager.
- Supporting annual experience studies through trend and loss analysis projects for auto, farm owners, general liability, commercial property and umbrella lines of business.
- Develop indications on a state basis for product filings including preparing support for rate changes and responding to DOI objections.
- Develop and implement actuarial metrics and performance indicators to monitor and support business strategy and provide actionable insights for decision-making.
- Maintain and continuously improve rate indication processes and checks.
- Perform competitor analysis to maintain awareness of pricing and product developments in the marketplace.
- Assist product team in updating loss costs and rate impact studies.
- Develop dashboards and applications to serve internal and external actuarial stakeholders.
- Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments.
- Design pricing plans and risk management strategies.
- Report and communicate findings while delivering work products in a timely fashion.
- Special projects and other ad-hoc requests.
Knowledge, Skills, and Abilities
- Excellent written and verbal communication skills.
- Solid interpersonal skills and the ability to work in a team environment as well as independently
- Ability to identify, prioritize and manage the tasks necessary to meet department deadlines.
- Balance work requirements with studying for exams.
Qualifications
- A Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
- Minimum 0-2 years relevant experience required.
- Minimum 2 Casualty Actuarial Society Exams.
- Prior experience and knowledge of basic actuarial techniques and standards and insurance operations.
- MS Office Excel required, VBA, SQL, R or Python skills are beneficial.
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.
Working at
Chubb
Chubb is a leading global insurance company that offers a range of insurance products to individuals, small businesses, and large organizations. The company was founded in 1882 and has grown to become one of the largest and most respected insurance providers in the world. Chubb is known for its expertise in underwriting and risk assessment, and offers a variety of insurance products, including home, auto, and business insurance, as well as specialized coverage options for specific industries and types of risk. In addition to traditional insurance products, Chubb also offers risk management and consulting services to help clients identify and mitigate potential risks. The company has a strong reputation for customer service and is committed to providing high-quality coverage to its policyholders. Chubb has a global presence, with operations in numerous countries around the world.