Senior Actuarial Analyst

Chubb; Philadelphia (Philadelphia County); On-site; USD 90,000 - 120,000; Full time

Job summary

A leading company in commercial insurance seeks a Senior Actuarial Analyst based in Philadelphia. This role focuses on pricing and rater development for Accident & Health products, requiring strong analytical skills and collaboration with diverse teams. Candidates should hold a bachelor's degree in a quantitative field and have several years of relevant experience in pricing or reserving.

Qualifications

• 3+ years of actuarial pricing or reserving experience.
• Ability to communicate effectively with non-actuarial teams.
• Strong organizational and documentation skills.

Responsibilities

• Support pricing and rater development for various insurance products.
• Complete annual profit studies and reserve reviews.
• Collaborate with stakeholders including Underwriting and IT.

Skills

Excel

Analytical Skills

Problem Solving

Collaboration

Education

Bachelor’s degree in quantitative field

ASA or equivalent qualifications

Tools

SQL

R

Python

Job description

Overview:

This Senior Actuarial Analyst position is responsible for supporting the Accident & Health pricing unit of Commercial Insurance (CI) Actuarial. The role is based in our Philadelphia, PA office and reports to a Senior Assistant Actuary within the A&H pricing actuarial team.

Duties and Responsibilities related to these product lines:

• Support pricing and rater development for a variety of products including accident, dental, supplemental health and travel insurance
• Complete annual profit studies and reserve reviews, as well as ad-hoc pricing requests
• Work with A&H management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators
• Collaborate with various stakeholders including Underwriting, IT, Product Development and Filing teams
• Complete monthly, quarterly and annual reporting requirements for price monitoring, actual versus expected claim reviews and historical experience studies

Qualifications

Qualifications:

• Bachelor’s degree or higher in a quantitative field such as Mathematics, Actuarial Science, Statistics, Finance, Economics, or a related field.
• ASA preferred, or equivalent industry qualifications.
• 3+ years of relevant actuarial pricing or reserving experience, or a combination of relevant industry experience and technical skills.
• Proficiency in Excel
• Familiarity with a programming or querying language, such as SQL / R / Python along with a keenness for data (collection, manipulation, report design, sensibility checks, and attention to detail) a plus
• Complex analytical and problem-solving skills; ability to determine the source of a problem and find effective solutions
• Clear organizational and documentation skills and an ability to meet scheduled due dates
• Dynamic collaboration skills and the ability to work closely with other disciplines; to provide clear and concise verbal and written communications regarding analyses and observations to non-actuarial business partners and leaders