[ 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.

This position will be based in Whitehouse Station NJ and support Chubb's Personal Risk Services (PRS) Property 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, State Filings, and IT, as well as contact with our Corporate actuaries, Underwriting, and Claims.

MAJOR DUTIES & RESPONSIBILITIES:

• Lead development and implementation efforts for a new Homeowners By Peril rating plan using the "Radar Live" software application by working closely with other areas of PRS (ex: Product Management, I/T, Data Sciences, etc.)
• Coordinate with IT and Project Management to ensure broader requirements are understood (including data and downstream needs) and that appropriate ownership, accountability and timelines are in place for a successful overall implementation of the rating plan(s).
• Provide strategic direction to the offshore actuarial team who is responsible for rating algorithm programming. Ensure that appropriate testing plans, governance controls and recovery structures are in place as it pertains to the actuarial-owned components of the rating plan(s).
• Drive long term PRS strategy to externalize existing rating plans into more modern platforms. Establish processes and structure that are scalable for multiple state implementations and allow for more efficient rate updates in the future. Lead efforts to harness the power of Radar in support of actuarial analysis.
• Collaborate with product managers to develop detailed rate level changes on a state by state basis. Quantify impacts of rate change proposals and communicate findings to management via clearly laid out reports, presentations and exhibits. Convert existing Excel based tools to Radar to enable more efficient rating analysis and implementation.
• Produce state-level Homeowners rate indications and present key findings to actuarial and business management.
• Provide actuarial support for rate filings.
• Contribute to the improvement, creation, and/or implementation of processes to expand capabilities, improve efficiency, modernize tools, and enhance overall effectiveness.

Qualifications

MINIMUM REQUIREMENTS:

• Minimum of five (5) years of insurance industry pricing experience, preferably in Personal lines.
• Actuarial designation (ACAS or FCAS) preferred
• Experience with developing automated rating calculations in tools such as Radar, Python, SAS or similar is strongly preferred.
• Strong analytical skills with the ability to provide clear and concise verbal and written communications of analyses, financial results, and work products.
• Highly detail oriented with excellent organization skills along with the ability to maintain adequate documentation and record keeping.
• Ability to work independently and recommend/formulate innovative solutions when confronted with new problems.
• Bachelor's or Masters degree in Actuarial Science, Mathematics, Statistics, Finance or similar technical discipline.

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.

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. ]