Job Description

Chubb Life is the international life insurance division of Chubb, the world's largest publicly traded multiline insurer. Chubb Life operates in 31 markets within Asia Pacific, Latin America, Europe and the Middle East, with premiums & deposits of approximately $3 billion, and 1,500 staff. Chubb Life offers a range of life insurance solutions offering protection, savings, accident & health, credit protection, and group employee coverages and benefits, distributed via an agency force of 100,000 agents, as well as independent agents, brokers, financial advisors, banks, digital channels and other distribution partners.

This Assistant Vice President, Valuation Actuary is part of the Global Life Actuarial Team, with presence in Hong Kong, Singapore, and Jersey City, that oversees in-country actuarial functions for Chubb Life businesses across Asia Pacific, Latin America, Bermuda, Europe and the Middle East. This position will report to Global Head of Valuation and partner closely with the company's global leadership team as well as local and regional management teams to increase the firm's actuarial efficiencies and capabilities. This position will contribute to a "best in class" centralized GAAP and IFRS reporting capability that can manage valuation and reserving for the business globally and contribute to the development of a production standards that can more effectively and efficiently provide the quarterly and annual financial requirements, as well as provide insight into the drivers of financial results.

Responsibilities:

• Work closely with the Head of Valuation and the Chief Actuary to develop global actuarial principles, approaches and standards for the Life segment
• Oversee the integrity, timeliness, and accuracy of liability calculations used in U.S. GAAP, IFRS, management reporting and forecasts
• Contribute to the development of an efficient monthly close process which incorporates standard methods and controls for both direct and reinsurance liabilities written in multiple countries through various distribution channels.
• Partner with local Actuarial and Finance teams to gain business insights behind valuation results and support local management in understanding U.S. GAAP earnings
• Manage processes related to experience studies and assumption setting to support accurate financial forecasts and profitable new product development
• Provide recommendations to senior management effectively with sound communication and presentation skills for both technical and non-technical audiences
• Enable higher performance by incrementally improving approaches based on calculated risks and benefits, including benchmarking own performance against industry best practices
• Direct process and functional improvement initiatives, following global best practices, in local country actuarial teams
• Lead initiatives to increase collaboration between the international life and the traditional life reinsurance actuarial teams

Qualifications

• A minimum designation of Associate of the Society of Actuaries, or equivalent
• A minimum of 10 years of actuarial experience in the life insurance industry
• Familiarity with financial reporting processes and reporting regimes (e.g., local, IFRS, US GAAP) and prior experience leading a valuation close process
• Knowledge of the valuation requirements for both direct and reinsurance products
• Experience with US GAAP LDTI methodology, calculations, and disclosures is a plus
• Experience with actuarial modeling software, preferably Prophet
• Interest in programming languages, i.e., Visual Basic, SQL, Python, etc.

In addition, the applicant should possess the following:

• Strong interpersonal and communication skills, ability to effectively present and explain complex concepts to senior management
• Strong organizational skills with an ability to plan and lead various projects and resources as needed
• An established leader who can act as mentor to a medium size Actuarial team which is geographically and culturally diverse
• Dynamic and enthusiastic

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.