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Chubb

Chubb

AVP & Actuary

AVP & 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.

The position will be based in Whitehouse Station, NJ on a 3/2 hybrid basis and supports Chubb's Personal Risk Services (PRS) Division, a provider of Automobile, Homeowners, Umbrella, and Rec Marine insurance products to individuals. The PRS Actuarial team 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, Data Sciences, State Filings, and IT, as well as contact with our Corporate Actuaries, Underwriting, and Claims.

Major Duties and Responsibilities:
  • Lead pricing and data support for Auto, Umbrella and Rec Marine lines of business by supervising a team of 2-4 actuarial and data analysts.
  • Work with I/T and Data Analytics teams to validate actuarial data sources; develop improved data and information management dashboards to enable enhanced monitoring and management of the business.
  • Research and develop new analytical tools to improve efficiency, accuracy, transparency, and governance; facilitate the refinement of rating and pricing models.
  • Review state-level Auto and Rec Marine rate indications and present key findings to Actuarial and Product Management. Provide actuarial support for rate filings.
  • Collaborate with Product Managers to develop pricing strategies; quantify the expected rate changes and profitability impacts of such initiatives.
  • Provide thought leadership in the advancement of actuarial and rate implementation techniques employed by the unit.
  • Participate in the annual countrywide Profitability Study and other Auto or Umbrella strategic projects to deliver actionable insights for pricing and underwriting actions.


Qualifications

Minimum Requirements:
  • Generally at least seven (7) years of experience in property/casualty actuarial disciplines; personal lines ratemaking or reserving experience is a plus.
  • Actuarial designation of ACAS required, FCAS preferred.
  • Supervisory experience is preferred, but not required.
  • Excellent project and time management skills to take ownership of projects and be able to deliver high quality work products in a timely fashion, while also maintaining detailed documentation and record keeping.
  • Ability to work independently and recommend/formulate innovative solutions when confronted with new problems.
  • Strong analytical skills with the ability to provide clear and concise verbal and written communications of analyses, results, and work products.
  • Proficiency in a data programming language such as SQL, R, or Python.


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.