Analyst - Actuarial Life Valuation

Chubb; Bengaluru; On-site; INR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Hybrid Work Environment

Employee Assistance Program (EAP)

Yearly Health campaigns

Insurance benefits

Job summary

Chubb India is seeking a Senior Actuarial Analyst for Life Valuation in Bengaluru. The role combines actuarial expertise with automation, AI/LLM integration, and data governance to standardise processes across Life Actuarial Valuation.

You will develop auditable pipelines, support LDTI and IFRS 17 implementations, and contribute to scalable solutions for the offshore valuation team. The HIT Squad focuses on automated workflows, AI tool usage, and maintainable code.

Qualifications

• Bachelor’s or master’s degree in mathematics, economics, Actuarial Science or Statistics.
• 3–5 exams from a recognized actuarial institute (SOA, IFoA, or equivalent).
• 2–5 years of actuarial experience in a Life insurance context, with exposure to life actuarial valuation (US GAAP LDTI/IFRS17).
• Working understanding of Life actuarial data flows and validation controls within actuarial processes.
• Python and/or SQL proficiency (strongly preferred).
• Practical exposure to AI/LLM tools (strongly preferred) and API-based integration.
• Familiarity with actuarial modelling tools (Prophet, DCS) and data visualization tools (Power BI/Tableau).
• Proficiency in MS Excel and other office applications.

Responsibilities

• Design, build, and maintain automated actuarial workflows using Python and SQL.
• Develop and apply AI/LLM tools within actuarial workflows and automated reports.
• Apply Life actuarial knowledge (LDTI, IFRS 17) to ensure audit-ready outputs.
• Create well-documented, version-controlled code and process documentation.
• Design automated validation checks and reconciliation controls in pipelines.

Skills

Python

SQL

Actuarial knowledge

AI/LLM tooling

Data analysis

Excel

Education

Math/Stats degree

SOA/IFoA exams (3–5)

Tools

Prophet

DCS

Power BI

Tableau

Job description

JOB DESCRIPTION

Chubb is a world leader in insurance. With operations in 54 countries and territories, 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 defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, 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 defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

About Chubb India

At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow. With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape. We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.

Position Details

• Job Title: Senior Actuarial Analyst - Actuarial Life Valuation
• Function/Department: Life Actuarial
• Location: Bengaluru
• Employment Type: Full time
• Reports To: Life Actuarial HIT Squad Lead
• Role Overview: The HIT Squad is CBSI’s dedicated actuarial innovation team, focused on standardising, automating, and improving key processes across Life Actuarial Valuation. As an Actuarial Technology expert, you will combine actuarial knowledge with practical technology skills to build automated workflows, support controlled use of AI tools, and develop reusable, auditable solutions that improve efficiency, consistency, and scalability across the offshore valuation team

Responsibilities

• Process Automation & Workflow Engineering: Design, build, and maintain automated actuarial workflows using Python and SQL to replace manual, error-prone steps with robust, auditable pipelines for data extraction, transformation, validation, and output generation.
• AI/LLM Implementation: Develop and apply AI and large language model tools within actuarial workflows, including automated report generation, assumption change summaries, anomaly detection, and intelligent data checks. Evaluate emerging tools and prototype practical use cases relevant to Life actuarial functions.
• Actuarial Domain Contribution: Apply knowledge of Life actuarial processes, including LDTI valuation, IFRS 17, and experience studies, to ensure automation solutions are domain- correct, audit-compliant, and produce reliable outputs.
• Documentation & Standardization: Build well-documented, version-controlled, reusable code and process documentation. Establish standards so any team member can run, support, and maintain a process without relying on the original author.
• Validation Controls & Checks: Design automated validation checks and reconciliation controls within actuarial pipelines to identify upstream data issues, model errors, and output anomalies before they reach stakeholders.

Qualifications

Skills and Qualifications

• Bachelor’ s or master’ s degree in mathematics, economics, Actuarial Science or Statistics.
• 3–5 exams from a recognized actuarial institute (SOA, IFoA, or equivalent);
• 2–5 years of actuarial experience in a Life insurance context, with exposure to life actuarial valuation (US GAAP LDTI/IFRS17 etc.).
• Working understanding of Life actuarial data flows, upstream-downstream dependencies, and the importance of validation controls within actuarial processes.
• Python and/or SQL proficiency (strongly preferred): ability to write, maintain, and troubleshoot data pipelines and automation scripts.
• Practical exposure to AI/LLM tools (strongly preferred): prompt engineering, API-based integration with genuine curiosity to apply them in an actuarial context.
• Familiarity with actuarial modelling tools (Prophet, DCS, or similar) — particularly how data flows in and out of models.
• Data visualization familiarity (Power BI, Tableau, or Python libraries) — desirable.
• Proficiency in MS Excel and other office applications.
• Strong analytical mindset, attention to detail, and problem-solving orientation.

Why Chubb?

Join Chubb to be part of a leading global insurance company! Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results.

• Industry leader: Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence
• A Great Place to work: Chubb India has been recognized as a Great Place to Work for the years 2023-2024 and 2024-2025
• Laser focus on excellence: At Chubb we pride ourselves on our culture of greatness where excellence is a mindset and a way of being. We constantly seek new and innovative ways to excel at work and deliver outstanding results
• Start-Up Culture: Embracing the spirit of a start-up, our focus on speed and agility enables us to respond swiftly to market requirements, while a culture of ownership empowers employees to drive results that matter
• Growth and success: As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience , enabling them to advance their careers in a conducive environment

Employee Benefits

Our company offers a comprehensive benefits package designed to support our employees health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work environment. Our benefits include:

• Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances
• Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs.
• Health and Welfare Benefits: We care about our employees well-being in and out of work and have benefits like Hybrid Work Environment, Employee Assistance Program (EAP), Yearly Free Health campaigns and comprehensive Insurance benefits

Join Us

With you Chubb is better. Whether you are solving challenges on a global stage or creating innovative solutions for local markets, your contributions will help shape the future. If you value integrity, innovation, and inclusion, and are ready to make a difference, we invite you to be part of Chubb India's journey.