Description

The position will be based in Whitehouse Station NJ and supports Chubb's Personal Risk Services (PRS) Division, a provider of Homeowners, Automobile, Umbrella, and Rec Marine insurance products to individuals. The PRS Actuarial team is responsible for providing the financial analysis necessary for Chubb to sustain profitability and maintain a competitive position within the personal lines market. Expect significant interaction with Product Management, Data Sciences, State Filings, and IT, as well as contact with our Corporate Actuaries, Underwriting, and Claims.

MAJOR DUTIES & RESPONSIBILITIES:

• Supervising a team of five actuarial analysts.
• Overseeing development and implementation efforts for the Homeowners By-Peril rating plan using the "Radar Live" software application by working closely with other areas of PRS (ex: Product Management, I/T, Data Sciences, Offshore Actuarial, etc.).
  
  • Ensuring that appropriate testing plans, governance controls and recovery structures are in place as it pertains to the actuarial-owned components of the rating plan(s).
  • Driving long term PRS strategy to externalize "legacy" Homeowners and Valuable Articles rating plans into more modern platforms.
  • Oversee production support and maintenance of existing models.
  • Partnering with Actuarial colleagues to develop other use cases for RADAR beyond pricing proposal development and implementation.
• Producing state-level Homeowners rate indications and presenting key findings to Actuarial and Product Management.
• Collaborating with Product Managers to develop pricing strategies; quantifying the expected rate and profitability impacts of such initiatives.
• Providing thought leadership in the advancement of actuarial and rate implementation techniques employed by the unit.
• Providing actuarial support for rate filings.
• Participating in the annual countrywide Profitability Study and other Homeowners strategic projects.
• Providing prompt responses to business requests and operational demands.

QUALIFICATIONS

• Minimum of seven (7) years of experience in property/casualty actuarial disciplines; personal lines ratemaking a plus.
• Actuarial designation of ACAS required, FCAS preferred.
• Supervisory experience is preferred but not required.
• Ability to work independently and recommend/formulate innovative solutions when confronted with new problems.
• Effective written and oral communication; able to explain complex concepts and analyses to business leaders to drive strategic decision-making.
• Strong project management skills to take the ownership of the projects and be able to deliver high quality work products in a timely fashion, while maintaining detailed documentation and record keeping.
• Experience in RADAR is preferred but not required.
• Proficiency in Excel as well as a data programming language such as SQL, R, or Python (or similar).
• Ability to work effectively with other disciplines.

The pay range for the role is $146,000 to $200,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

ABOUT US

Chubb is a world leader in insurance. With operations in 54 countries, 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 financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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 retaliation against any individual who reports discrimination or harassment.