Analyst - Actuarial Pricing Modernization

Chubb Insurance; Bengaluru; On-site; INR 1,500,000 - 2,100,000; Full time

Benefits offered by this job

Flexible work options

Health coverage

Career growth

Job summary

Chubb India in Bangalore is seeking an Analyst - Actuarial Pricing Modernisation to join the pricing team. You will translate rating manuals or Excel raters into Radar pricing models used for live pricing with UW platforms and for actuarial tasks.

The role offers exposure to pricing analytics in the Property & Casualty space, collaborating with onshore and offshore teams, with opportunities to advance in a global insurance leader.

Qualifications

• 3-6 years of experience in IT integrations, transformations, or actuarial roles.
• Familiarity with rating algorithms and raters (Excel, PDF) a plus.
• Strong MS Excel skills; VBA/Excel macros advantageous.
• Proficiency in SQL, R or Python for data analysis.
• Experience with Radar suite software and working with global teams.

Responsibilities

• Prepare and translate rating manuals or Excel raters into Radar models for live pricing.
• Validate premiums generated from Radar models against data sets.
• Work on radar model updates and enhancements; support proof-of-concept projects.
• Collaborate with actuarial, UW and IT teams across onshore and offshore groups.

Skills

IT Integrations

Transformations

Project Management

Business Analyst

Actuarial

Pricing Principles

Excel

VBA

SQL

R

Python

Tools

Radar pricing software

Excel macros

Job description

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: Analyst - Actuarial Pricing Modernisation
• Function/Department: Actuarial
• Location: Bangalore, India
• Employment Type: Full-time
• Reports To: Team Lead
• Role Overview – Pricing Modernisation for AU

Key Responsibilities:

• As a member of the Pricing Modernisation team at CBSI, candidates will be required to prepare and translate rating manuals or excel based raters into Radar pricing models (working in close conjunction with line actuaries) that can be used for live pricing with UW platforms and for actuarial pricing tasks (impact analysis, scenario analysis, generate rate monitoring reports etc).

• Validate premiums generated from Radar pricing model against available data sets to ensure model accuracy & consistency.

• Work on radar model updates & enhancements such as rate/modifier, algorithm updates. Support with proof of concepts projects within the team.

• This role presents an excellent opportunity for individuals looking to advance their career in Pricing Analytics within the Property & Casualty (P&C) industry.

Skills and Qualifications:

• 3-6 years of proven record in IT Integrations & Transformations, Project Management, Business Analyst, Actuarial or pension roles (awareness of General Insurance pricing principles & LOBs would be an added advantage)

• Familiarity with rating algorithms & understanding or knowledge of raters (excel, PDF etc) would be a big plus.

• Strong MS Excel skills are mandatory, and additional knowledge in VBA/Excel macros will be advantageous for data handling and automation.

• Proficiency in programming languages such as SQL or R or Python, enabling efficient data manipulation and analysis.

• Prior work experience in Radar suite software will be an added advantage but not mandatory for the role. The role will involve contributing, working & coordinating with both onshore and oshore teams (Actuarial, UW, IT etc.) at Chubb. Excellent communication & presentation skills are needed.

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.