VP %26 Actuary - (Job Number: 355097)

Chubb; Whitehouse Station (NJ); On-site; USD 150,000 - 200,000; Full time

Job summary

Chubb, the largest publicly traded P&C insurance company, is seeking a Vice President & Actuary in Whitehouse Station, NJ. This role involves leading actuarial staff, coordinating rating projects, and collaborating on predictive analytics. Ideal candidates will have extensive experience in actuarial pricing and strong analytical skills.

Qualifications

• 10+ years of relevant actuarial pricing or reserving experience.
• FCAS designation preferred.
• Prior managerial or supervisory experience.

Responsibilities

• Lead and manage the actuarial staff in the Rating Plans & Systems unit.
• Coordinate rating externalization efforts and develop rating algorithms.
• Work with predictive analytics team to support CI underwriting initiatives.

Skills

Analytical skills

Problem-solving skills

Collaboration skills

Attention to detail

Education

BS Degree or higher in Mathematics, Actuarial Science, Statistics, Finance or a related field

Tools

Excel

SQL

R

Python

FOCUS

RADAR

Job description

Chubb is the world’s largest publicly traded P&C insurance company and the largest commercial insurer in the U.S. 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 distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional Commercial strength, underwriting excellence, superior claims handling expertise and local operations globally.

This Vice President & Actuary position is responsible for leading and managing the actuarial staff in the Rating Plans & Systems unit of Commercial Actuarial. This team is responsible for coordinating rating externalization, transformation projects, predictive analytics and data across all product lines. The role is based in our Whitehouse, NJ office and reports to the Lead Actuary for Commercial Insurance (CI).

Duties and Responsibilities:

• Work closely with CI management and CI product line actuaries to set priorities
• Coordinate all rating externalization efforts with initial focus on Benchmarq (Chubb’s new Commercial Package product)
• Work with CI management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators
• Collaborate with various stakeholders including IT, Product Services, and Business Analysts to continuously update, maintain, and document the implementation of our rating algorithms
• Transformation:
  • Coordinate transformation initiatives for CI actuarial focusing on pricing study modernization, planning, claims analysis and trend analysis
• Predictive Analytics:
  • Work with the predictive analytics team to support CI underwriting initiatives
  • Develop simple GLM tools for use within the broader CI actuarial team
• Data:
  • Develop processes and databases to facilitate both ad hoc and recurring analyses, and assist in communicating the results of these analyses to audiences with diverse backgrounds
  • Contribute to the creation of tools and dashboards that enable key stakeholders to monitor the performance and health of the book and glean data-driven insights from our experience

!*!

Chubb is the world’s largest publicly traded P&C insurance company and the largest commercial insurer in the U.S. 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 distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional Commercial strength, underwriting excellence, superior claims handling expertise and local operations globally.

This Vice President & Actuary position is responsible for leading and managing the actuarial staff in the Rating Plans & Systems unit of Commercial Actuarial. This team is responsible for coordinating rating externalization, transformation projects, predictive analytics and data across all product lines. The role is based in our Whitehouse, NJ office and reports to the Lead Actuary for Commercial Insurance (CI).

Duties and Responsibilities:

• Work closely with CI management and CI product line actuaries to set priorities
• Rating Externalization:
  • Coordinate all rating externalization efforts with initial focus on Benchmarq (Chubb’s new Commercial Package product)
  • Work with CI management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators
  • Collaborate with various stakeholders including IT, Product Services, and Business Analysts to continuously update, maintain, and document the implementation of our rating algorithms
• Transformation:
  • Coordinate transformation initiatives for CI actuarial focusing on pricing study modernization, planning, claims analysis and trend analysis
• Predictive Analytics:
  • Work with the predictive analytics team to support CI underwriting initiatives
  • Develop simple GLM tools for use within the broader CI actuarial team
• Data:
  • Develop processes and databases to facilitate both ad hoc and recurring analyses, and assist in communicating the results of these analyses to audiences with diverse backgrounds
  • Contribute to the creation of tools and dashboards that enable key stakeholders to monitor the performance and health of the book and glean data-driven insights from our experience

!*!

• BS Degree or higher in Mathematics, Actuarial Science, Statistics, Finance or a related field
• 10+ years of relevant actuarial pricing or reserving experience
• FCAS
• Proficiency in Excel and other programming languages and tools, such as SQL / R / Python / FOCUS / RADAR along with a keenness for data (collection, manipulation, report design, sensibility checks, and attention to detail)
• Prior managerial or supervisory experience
• Excellent analytical and problem-solving skills
• Strong organizational skills; ability to prioritize multiple competing deliverables and manage time effectively to meet scheduled due dates
• Strong collaboration skills; ability to work closely with other disciplines
• Excellent interpersonal and communication skills; ability to provide clear and concise verbal and written communications regarding analyses and observations to non-actuarial business partners and leaders
• Desire to work in a fast-paced, fluid environment

!*!

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion,and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin,ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law.Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliationagainst any individual who reports discrimination or harassment.

Whitehouse Station - B (NJ05-USA)
Whitehouse Station , 08889

About the company

Chubb Limited, incorporated in Zürich, Switzerland, is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property an...

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