Claims Actuarial Insights strives to empower claims professionals with actionable intelligence. The team works closely with senior leaders to identify claims trends, develop performance metrics, and provide catastrophe projections and reporting. Projects are primarily focused on North America, but overseas opportunities exist. This department is a great place for someone who would like to develop strategic thinking, business acumen, and communication skills.
We are seeking a Senior Actuarial Analyst to join the team. The candidate who fills this position will be focused on the team’s catastrophe-related work. The role is based in our Whitehouse Station, NJ office and reports to the Senior Assistant Actuary of Claims Actuarial Insights.
Primary Responsibilities:
- Assist with the development of ultimate loss projections for current and prior year natural catastrophes in North America, across all divisions. These high-profile projections feed directly into company financials, and are highly relied upon by Executive Leadership, and many other departments across Claims, Finance, Actuarial, Underwriting, and Reserving.
- Assist with implementing updates and improvements to the catastrophe projection process to ensure our ultimates are as accurate as possible, with estimates often starting within days of the events occurring.
- Take on an increasing involvement in catastrophe projections to lead presentations and be a point of contact for various claims teams.
- Support ad hoc quantitative analysis that facilitates effective decision making for large events (hurricanes, wildfires, etc.) as requested from Executive Leadership.
- Assist in defining requirements for data extraction and report automation to Claims IT.
Additional Opportunities:
- Assist in analyzing claim trends and performance metrics. Focus will be on updating monthly and quarterly reports with new data, looking for trends, and providing commentary. Updates are shared with Claims, Underwriting, and Actuarial senior leadership.
- Assist in developing insightful performance metrics to help manage claim operations: e.g. inventory management, resource management, reserve adequacy, recovery, litigation management, expense budget, etc.
- Assist in financial impact analysis for strategic initiatives and develop tracking methodologies to monitor actual savings progress.
- Minimum of a bachelor’s degree; 5+ years of experience in property/casualty actuarial disciplines; Actuarial designation of Associate preferred.
- Proficiency in Excel and working knowledge of VBA
- Proficiency in SQL server; Working knowledge of R or Python is a plus
- Working knowledge of QlikSense, Power BI, or Cognos is a plus
- Detail-oriented; able to maintain good documentation and record keeping
- Strong analytical skills with the ability to provide clear and concise verbal and written communications to non-actuarial business leaders
- Strong project and time management skills, will take ownership of projects, works comfortably in team environment, results-oriented
- Desire to work in a fast-paced, fluid environment
The pay range for the role is $85,000 to $140,000. 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.
Top 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.
