Job Description

The AVP, Actuary supports ChubbPersonal Risk Services (PRS). 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.

This role operates on a hybrid schedule (3 days in office, 2 days remote) and is based in our Whitehouse Station, NJ office.

MAJOR DUTIES & RESPONSIBILITIES:

• Supervising a team of four actuarial analysts.
• Producing state-level Homeowners rate indications and presenting key findings to Actuarial and Product Management.
• Collaborating with Product Managers to develop pricing strategies; quantifying the expected rate and profitability impacts of such initiatives.
• Oversee development and implementation efforts for the Homeowners By-Peril rating plan for new business implementations by jurisdiction.
• Advance the granularity of our Masterpiece rating plans and their ability to match rate to risk, leveraging actuarial work products as well as key outputs from other analytical areas such as Data Science and CAT modeling. Ensure pricing sophistication keeps up with inflationary and other exogenous trends as well as leading industry practices.
• Contribute to efforts to streamline workflows and leverage modern tools to create capacity for more detailed actuarial analysis.
• Participating in the annual countrywide Profitability Study and other Homeowners strategic projects.
• Providing prompt responses to business requests and operational demands.
• Providing actuarial support for rate filings.

Qualifications

• Minimum of seven (7) years of experience in property/casualty actuarial disciplines; personal lines ratemaking a plus.
• Actuarial designation of ACAS required, FCAS preferred.
• Supervisory experience is preferred, but not required.
• Ability to work independently and recommend/formulate innovative solutions when confronted with new problems.
• Effective written and oral communication; able to explain complex concepts and analyses to business leaders to drive strategic decision-making.
• Strong project management skills to take the ownership of the projects and be able to deliver high quality work products in a timely fashion, while maintaining detailed documentation and record keeping.
• Proficiency in Excel and PowerPoint, as well as demonstrated skill with a data programming language such as SQL, R, or Python
• Ability to work effectively with other disciplines.

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.