This Assistant Actuary position is responsible for supporting the Auto pricing unit of Commercial Insurance (CI) Actuarial. The role is based in our Whitehouse, NJ office and reports to a VP & Actuary within the CI Auto pricing actuarial team. There is flexibility to fill this position in our Philadelphia, PA location.
Duties and Responsibilities related to these product lines:
Collaborate and work closely with CI management to address actuarial pricing needs for Commercial Auto
Complete annual pricing studies, as well as ad-hoc pricing study requests and deep dives
Comprehensive product support and portfolio management of Commercial Auto
Work with CI management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators
Support the rollout of Chubb’s new Auto product targeted at Small and Lower Middle Market customers
Complete monthly, quarterly, and annual reporting requirements for price monitoring and actual versus expected
Work with the modeling team to support underwriting initiatives
Work with the reinsurance pricing team to support treaty renewals
Bachelor’s degree or higher in a quantitative field such as Mathematics, Actuarial Science, Statistics, Finance, Economics, or a related field.
ACAS preferred, or equivalent industry qualifications.
5+ 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)
Complex analytical and problem-solving skills; ability to determine the source of a problem and find effective solutions
Clear organizational and documentation skills; ability to prioritize multiple competing deliverables and manage time effectively 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
Desire to work in a fast-paced, fluid environment
The pay range for the role is $117,000 to $170,000. 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 UsTop Skills
What We Do
Chubb is the world’s largest publicly traded property and casualty insurance company. 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.
