Assistant Vice President & Actuary

Job Description

The position will be based in either Whitehouse Station, NJ or Philadelphia, PA and supports Chubb's Financial Lines Division, a provider of D&O, EPL, E&O, Cyber, and multiple other insurance products. The Financial Lines Actuarial team is responsible for providing the financial analysis necessary for Chubb to sustain profitability and maintain a competitive position. Expect significant interaction with Underwriting and Claims, as well as contact with our Corporate actuaries, State Filings, and IT.

Duties and Responsibilities related to this position:

• Providing pricing support for Management Liability product lines with particular emphasis on Employment Practices Liability, Directors & Officers Liability, Errors & Omissions Liability, Fiduciary Liability, and Fidelity, with a focus on Financial Institutions customers.
• Analyzing the profitability of these product lines and working closely with underwriting product managers and Claims to identify trends in the business and to develop appropriate strategies to profitably grow the business.
• Developing and maintaining appropriate rating plans and providing actuarial support for rate filings that may be required.
• Managing up to two actuarial analysts.Providing guidance and training to staff, and formally review Actuarial work products.
• Participating in the annual countrywide Profitability Study, monitoring rate levels on a regular basis, and other ad-hoc projects.
• Providing prompt responses to business requests and operational demands.
• Contributing to the improvement, creation, and/or implementation of processes to expand capabilities, improve efficiency, and enhance effectiveness.

Employer Description:

Chubb is the world's largest publicly traded property and casualty insurer. 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,

Qualifications

Qualifications:

• 5+ years of P/C actuarial experience.
• Actuarial designation of ACAS required, FCAS preferred.
• Demonstrates proficiency with actuarial pricing and/or reserving. Experience in Financial Lines is a plus, but not mandatory.
• Strong analytical skills.
• Strong project management skills to take the ownership of projects and be able to deliver high quality work products in a timely fashion, while maintaining detailed documentation.
• Proficiency in Excel; familiarity with R, SQL and Access is preferred, but not mandatory.
• Effective written and oral communication skills.
• Supervisory experience is preferred, but not required.
• Self-confident and objective.
• Minimum of a Bachelor's Degree.

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.