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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
Jersey City, 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
$
80
k-$
137
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 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.

Overview:
The role can be based in Jersey City, NJ or Whitehouse Station, NJ on a 3+2 hybrid schedule. A fully remote opportunity may be considered.

This Assistant Actuary position will be part of the Chubb Small Commercial Actuarial team and will support BOP and Umbrella lines of business. This position will have broad exposure to various functions across Chubb including underwriting, product, analytics/data science, and rating implementation. There is also opportunity to participate in broader team-wide initiatives.

Responsibilities will include:
• Conduct quarterly trend analysis and annual profitability studies across granular dimensions
• Participate in rating implementation and governance process of externalized rating platforms and provide actuarial production support for existing rating implementations
• Collaborate with Global Analytics to develop pricing modeling capabilities and set up a rigorous model refresh process
• Closely collaborate with other Small Commercial groups to develop portfolio management capabilities to accurately monitor pricing model performance, achieved rate changes, new business adequacy, business mix, and other portfolio monitoring metrics in real time
• Participate in line of business financial planning through pro-forma portfolio modeling and forecasting
• Support actuarial state filings, reviewing competitor filings, and satisfy regulatory requirements

Qualifications

Qualifications:
• BS/BA Degree or higher in Mathematics, Actuarial Science, Statistics, Finance, or a related field
• 4+ years of actuarial experience
• ACAS or FCAS or equivalent
• Proficiency in a programming language such as Python or R
• Experience with relational databases, and strong ability to write complex queries in SQL
• Familiarity with concepts in statistics and data science
• Predictive modeling experience in Python or R a strong bonus
• Ability to work independently and communicate ideas effectively
• Well organized and 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.

The pay range for the role is $80,500 to $137,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found at https://careers.chubb.com/global/en/north-america . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

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.