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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
Whitehouse Station, 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 position will be based in Whitehouse Station, NJ on a 3/2 hybrid basis and support Chubb's Personal Risk Services (PRS) Auto, Personal Umbrella and Rec Marine section of the Actuarial Department. This group is responsible for providing the financial analysis necessary for Chubb to sustain profitability and maintain a competitive position within the personal lines market. Expect significant interaction with Product Management, State Filings, and IT, as well as contact with our Corporate actuaries, Underwriting, and Claims.

This position is posted as an Assistant Actuary but may be filled at a higher or lower level depending on the candidate's experience and qualifications.

Major Duties and Responsibilities:
  • Produce state-level rate indications and present key findings to actuarial and business management.
  • Collaborate with Product Managers, Data Science and I/T to develop detailed rate level changes on a state by state basis, incorporating latest predictive model findings. Quantify impacts of rate change proposals and communicate findings to management via clearly laid out reports, presentations and exhibits.
  • Craft actuarial state filing documents to satisfy regulatory requirements and pursue approval from state departments of insurance.
  • Participate in the annual countrywide Profitability Study.
  • Contribute to the development of product strategy through ad-hoc analyses focused on the performance of Chubb's Auto book as well as changes in the external environment.
  • Play a lead role in the improvement, creation, and/or implementation of processes to expand analytical capabilities, improve efficiency, modernize tools, and enhance overall effectiveness of the group.


Qualifications

Minimum Requirements:
  • Bachelor's or master's degree in Actuarial Science, Mathematics, Statistics, Finance, or similar technical discipline.
  • 4+ years of experience in property/casualty actuarial disciplines; personal lines ratemaking or reserving experience is a plus.
  • ACAS; FCAS preferred
  • Strong analytical skills with the ability to provide clear and concise verbal and written communications of analyses, financial results, and work products.
  • Excellent organizational skills along with the ability to maintain adequate documentation and record keeping.
  • Proficiency in a programming language such as SQL, Python or R.


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.