Senior Analyst I - Actuarial Pricing

Chubb; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Benefits offered by this job

Flexible work options

Generous paid time off

Robust health coverage

Job summary

A leading global insurance company in Bangalore is seeking a Senior Analyst I - Actuarial Pricing. The role involves developing and implementing pricing algorithms, conducting user acceptance testing, and improving rating algorithms using Python. Ideal candidates should have 3-5 years of experience in pricing for Property and Casualty insurance, along with strong problem-solving and communication skills. The company offers flexible work options and comprehensive employee benefits.

Qualifications

• 3-5 years of experience in Python programming.
• Two to five years of pricing experience in Property and Casualty insurance.
• Solid understanding of actuarial principles and methodologies.

Responsibilities

• Collaborate with the onshore Actuarial team to develop rater algorithms using Python.
• Conduct UAT by analyzing discrepancies and recommending corrections.
• Utilize agile methodologies to improve systems and processes.

Skills

Problem-solving

Pricing experience in Property and Casualty insurance

Proficiency in Python

Understanding of actuarial principles

Attention to detail

Effective communication

Job description

Join to apply for the Senior Analyst I - Actuarial Pricing role at Chubb

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.

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.

Position Details

• Job Title: Analyst / Senior Analyst I - Actuarial Pricing
• Function/Department: Actuarial
• Location: Bangalore, India
• Employment Type: Full-time

Role Overview

Join a dynamic and growing team supporting the North America Small Commercial Insurance business. We are seeking a motivated Actuarial Analyst/Senior Actuarial Analyst with 3-5 years of experience in Python and strong understanding of the Insurance business.

Key Responsibilities

• Collaborate with the onshore Actuarial team to develop and implement rater algorithms for Small Commercial Insurance using Python.
• Conduct UAT (User Acceptance Testing) by analyzing discrepancies, identifying root causes, and recommending corrections to rater algorithms.
• Explore, understand and improve the rating algorithms in Small Commercial Insurance pricing
• Utilize agile software development methodologies to iteratively enhance systems and processes.
• Address and resolve onshore ad-hoc requests independently with minimal supervision.
• Advocate for best practices in model development and foster a culture of continuous learning within the team.

Skills And Qualifications

• Excellent problem-solving skills with the ability to tackle complex data challenges creatively.
• Two to five years of pricing experience in Property and Casualty insurance
• Proficiency in Python and data exploration
• Solid understanding of actuarial principles, methodologies, and the insurance or finance industry.
• Strong attention to detail and a commitment to ensuring data accuracy and quality.
• Effective communication skills, with the ability to present complex information clearly to both technical and non-technical stakeholders.

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.

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.