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Chubb

Chubb

Assistant Actuary

Assistant Actuary

Job Details
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Uploaded On
June 29, 2023
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Location
Philadelphia, United States
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Remote?
No
Company Overview
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Headquarters
Warren, NJ
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Number of Employees
34000
Estimated Number of Actuaries
708
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
69%
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Overall Score
3.7 / 5
[ Chubb is the world's largest publicly traded P&C insurance company and the largest commercial insurer in the U.S. With operations in 54 countries and territories, 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 Commercial strength, underwriting excellence, superior claims handling expertise and local operations globally.

This Assistant Actuary provides actuarial support for the Accident & Health Digital business. The role will ideally sit in our Philadelphia, PA, office on a 3+2 hybrid schedule. Other Chubb offices or a remote work arrangement may be considered. The position reports to the Lead Actuary for A&H with matrix reporting to the Chubb Consumer Digital Team. In addition to regular interaction with the A&H Actuarial Team, this role will be dedicated to and a member of the A&H Team responsible for the development and management of products specifically for digital* distribution. There is flexibility to fill this position at a lower job grade for qualified candidate with less than 6 years of experience.

Duties and Responsibilities related to these product lines:
• Potential to provide guidance and training to junior actuarial staff members, including formal review of Actuarial work products before distributing.
• Collaborate with the A&H Digital Team and other areas of Accident & Health (ex: Underwriting, Product Management, Sales, Finance, etc.) to support ongoing revisions and expansion of A&H Digital product offerings.
• Provide support for actuarial filing and regulatory requirements for individual state rate filings, market conduct exams, and data submissions.
• Analyze profitability and rate level adequacy across numerous dimensions of the A&H Digital portfolio (ex: product line, state, distribution type etc.).
• Take part in monthly and quarterly financial reporting exercises around loss experience, rate changes, book mix, trend, etc.
• Provide actuarial pricing support for reserve reviews (as needed)

Qualifications
• Minimum of six (6) years of insurance industry experience including experience with rate filings, preferably with Accident & Health related products.
• Prior managerial experience will be advantageous, but not mandatory.
• Strong analytical skills with the ability to provide clear and concise verbal and written communications of analyses, results, and work products.
• Should have good organization skills with the ability to maintain detailed documentation and record keeping.
• Familiarity with a programming or querying language such as SAS / SQL / R / FOCUS / Python / etc.
• ASA required; FSA preferred.
• Bachelor's or master's degree in Actuarial Science, Statistics, Mathematics, Economics, or similar technical discipline.

*'Digital Products are defined as those products that Customers purchase (quote, bind, issue, bill, claims, etc.) digitally without the aid or intervention of any Chubb personnel.

EEO Statement

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 retaliationagainst any individual who reports discrimination or harassment. ]
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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.