AVP & Actuary at Chubb in Whitehouse Station, New Jersey

Job Description:

JOB DESCRIPTION

This Assistant Vice President & Actuary position is responsible for conducting actuarial pricing analyses of the Commercial Insurance Property & Marine portfolios. This $2bn+ portfolio consists of insurance cover for middle-market companies, ranging from mid-size multinational organizations to single-location private companies. The role is based in our Whitehouse, NJ office and reports to the Vice President & Actuary for CI Property. There is flexibility to fill this position at a lower job grade for qualified candidate with less than 8 years of experience.

Duties and Responsibilities:

• Work closely with CI management to set priorities for Property and Marine
• Manage at least one direct report, including setting the staff's priorities/workloads, and training/development
• Work with CI management to develop & maintain rating algorithms, and perform dislocation analysis, including providing actuarial rate filing support for state regulators
• Collaborate with the predictive analytics and catastrophe modelling teams, to ensure accurate pricing of relevant perils
• Complete annual pricing studies, as well as ad-hoc pricing study requests
• Engage with business leaders, taking initiative to identify issues and communicate actionable insights
• Complete annual loss trend analysis, and participate in the quarterly monitoring
• Support other monthly/quarterly/annual reporting requirements, such as price monitoring
• Collaborate with various stakeholders including IT, Product Services, and Business Analysts to continuously update, maintain, and document the implementation of our rating algorithms
• Develop processes/tools/dashboards to facilitate both ad hoc and recurring analyses, and that enable key stakeholders to monitor the performance of the book. Utilize data-driven insights obtained from our experience to support decision-making processes.

QUALIFICATIONS

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.