Senior Pricing Actuary, Casualty

Chubb; Greater London; On-site; GBP 110,000 - 160,000; Full time

Benefits offered by this job

Pension plan

Bonus scheme

Job summary

CHUBB operates as a leading global insurer with a London base. We seek an UKI Casualty Senior Pricing Actuary to drive pricing and portfolio management for a substantial book and to collaborate across underwriting and finance teams.

You will own modelling, planning and performance insights, leading a small team and coordinating with offshore analysts to deliver critical pricing initiatives and strategic projects.

Qualifications

• Qualified actuary with 2+ years post-qualification experience in Casualty Pricing and Portfolio Management.
• Experience in Casualty Pricing and Portfolio Management.
• Strong leadership and team development abilities.
• Excellent communication and stakeholder management.
• Proficiency in MS Office and at least two of R, SQL, Python, ResQ, Radar, VBA, Qlik, PowerQuery, Databricks.

Responsibilities

• Lead performance management and monitoring of portfolio performance for underwriters and senior management.
• Develop and maintain experience rating models; support pricing of large accounts/binders.
• Calibrate exposure rating models with underwriting teams and broader actuarial groups.
• Partner with Underwriting Heads and Finance for yearly and longer-term forecasts.
• Parameterize underwriting risk distributions for UKI Casualty for the Chubb Global Capital Model.
• Support appropriate reinsurance submissions and decisions.
• Engage with wider Actuarial/Analytics communities on projects and automation.
• Manage onshore analyst and coordinate offshore interns.

Skills

Leadership

Stakeholder management

Pricing

Portfolio management

Loss modelling

Statistical analysis

Commercial insurance

Communication

English proficiency

Actuary qualifications

Education

Fellow of IFoA

Tools

R

SQL

Python

Databricks

Job description

Job Description

UKI Casualty Senior Pricing Actuary

Are you a qualified Actuary with 2+ years' post-qualified experience, preferably in Casualty Pricing and Portfolio Management?

If you are passionate about growing your skills and career with one of the largest Property & Casualty insurers in the world, then we would love to hear from you!

CHUBB Europe P&C is one of four main divisions of CHUBB European Group (CEG). This is a highly visible actuarial pricing role responsible for a book of c.$700m gross written premium, leading the effort of partnering UK and Ireland Casualty underwriters and providing technical expertise to the Head of UKI Casualty in executing key priorities and strategic projects.

Based in our London office and reporting to the Europe Casualty Pricing Manager, you will play a key role in team leadership. This position offers the opportunity to manage one direct report while coordinating the workflow for our shared analyst team in India.

Key Responsibilities:

• Performance Management and Monitoring: Partner with underwriters in assessing portfolio performance and formulating strategies to improve/ optimise underwriting performance. Lead the effort in monitoring and communicating key portfolio trends/ statistics/ insights to underwriters and senior management, including but not limited to: The annual profitability study, quarterly business performance reviews, performance dashboard updates, renewal rate change and adequacy monitoring, inflation impact and general analytical support.
• Case Pricing: Develop and maintain experience rating models. Support underwriting decisions and referrals with pricing of individual large accounts/ facilities/ binders etc.
• Exposure Rating Models: Regularly calibrate and input into design of exposure rating models in conjunction with underwriting teams and wider (Chubb Overseas General) actuarial group.
• Planning/ Forecasting: Partner with the Underwriting Heads, and the Finance and Planning teams in formulating yearly and longer-term strategic plans and forecasts.
• Underwriting Risk: Lead the parameterisation of underwriting risk distributions for UKI Casualty, for the purpose of the Chubb Global Capital Model.
• Reinsurance: Where appropriate, support reinsurance submissions and decisions.
• Wider Actuarial Projects: Proactively engage with the wider Actuarial and Analytics communities in knowledge sharing/ common projects/ efficiency and automation.
• Management: The role will involve management responsibility for 1 onshore analyst and indirect workflow management of a shared pool of interns and offshore analysts.

Qualifications

Required Skills & Experience:

• Highly motivated self-starter who is able to drive, prioritise, manage and execute multiple projects to completion in a fast-paced environment.
• Great team leader and player who is able to deal with different professional backgrounds and interested to invest time in team growth.
• Strong stakeholder management ability.
• Proven technical expertise in specialty case pricing, rating tool developments and portfolio management activities.
• Loss modelling and statistical analysis skills.
• Commercial insurance and long-tail specialty risk knowledge.
• Strong communicator who can articulate complex messages to a broad range of audiences in a clear and concise manner, both verbally and written. Proficiency in English required.
• Strong systems / software/ data management skills, and/or ability to learn new software on own initiative. Proficiency in Microsoft Office suite and at least two of the following software: R, SQL, Python, ResQ, Radar, VBA, Qlik, PowerQuery, Databricks.
• Ability to adopt AI and integrate into current processes to improve quality, breadth and efficiency.
• Professional actuarial qualification (e.g. Fellow of IFoA) with relevant experience.

We offer in return

Competitive remuneration package including pension and bonus. A host of additional benefits available upon request.

INTEGRITY. CLIENT FOCUS. RESPECT. EXCELLENCE. TEAMWORK

Our core values dictate how we live and work. We're an ethical and honest company that's wholly committed to its clients. A business that's engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that's collaborative and supportive.

Diversity & Inclusion. At Chubb, we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.