Senior Analyst I - Actuarial Pricing Modernization

Chubb; Bengaluru; On-site; INR 600,000 - 900,000; Full time

Job summary

Chubb is looking for an Analyst/Senior Analyst I in Bengaluru to enhance Pricing Analytics within the Property & Casualty industry. The role involves preparing and validating pricing models, ensuring model accuracy, and contributing to radar model updates.

Candidates should have 2-6+ years of experience in actuarial roles and strong Excel skills. Familiarity with programming languages like SQL or R is advantageous. This position offers a dynamic opportunity to work with both onshore and offshore teams.

Qualifications

• 2-6+ years of experience in relevant actuarial roles.
• Familiarity with rating algorithms and pricing principles.
• Proficiency in MS Excel; knowledge of VBA/Excel macros is a plus.

Responsibilities

• Prepare pricing models in collaboration with actuaries.
• Validate premiums against datasets for accuracy.
• Support radar model updates and enhancements.

Skills

Experience in actuarial or pension roles

Knowledge of General Insurance pricing principles

Strong MS Excel skills

Programming languages: SQL, R, or Python

Communication & presentation skills

Job description

Job Title: Analyst/Senior Analyst I – Actuarial Pricing (Radar CoE) — Job Location: Bangalore — Year of experience: 2-6 Years

Responsibilities

• Prepare and translate rating manuals or Excel-based raters into Radar pricing models in close collaboration with line actuaries for live pricing with underwriting platforms and 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, and support proof of concept projects within the team.

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

Key Skills Required

• 2-6+ years of experience in actuarial or pension roles; awareness of General Insurance pricing principles & lines of business would be preferred.
• Familiarity with rating algorithms & understanding or knowledge of raters (Excel, PDF, etc) would be a big plus.
• Strong MS Excel skills mandatory; additional knowledge in VBA/Excel macros advantageous for data handling and automation.
• Proficiency in programming languages such as SQL, R, or Python enabling efficient data manipulation and analysis.
• Prior work experience in Radar suite software an added advantage but not mandatory.
• Involvement in contributing, working & coordinating with both onshore and offshore teams (Actuarial, Underwriting, IT, etc.) at Chubb requires excellent communication & presentation skills.