Actuary Leadership Role
1 month ago
Chubb is seeking an experienced AVP Lead Actuary for BOP & Umbrella to lead the actuarial pricing team for our small commercial division. This role will be responsible for conducting annual profitability studies, leading actuarial state filings, and collaborating with the actuarial modeling team to develop pricing modeling capabilities.
Key Responsibilities- Conduct annual profitability studies across granular coverage, class, distribution, and geographic level dimensions
- Lead actuarial state filings and satisfy regulatory requirements
- Support rating implementation and governance process in rating platforms and provide actuarial production support for existing rating implementations
- Collaborate with actuarial modeling team to develop pricing modeling capabilities and set up regular and rigorous model refresh process
- Develop rigorous portfolio management processes to accurately monitor pricing model performance, achieved rate changes, new business adequacy, and mix
- Participate in line of business financial planning through pro-forma portfolio modeling and forecasting
- Closely collaborate with Portfolio Management and Reporting functions to develop automated and real time portfolio monitoring capabilities
- Manage a team of three and participate in defining and reviewing deliverables for modeling and implementation teams
- BS/BA Degree or higher in Mathematics, Actuarial Science, Statistics, Finance, or a related field
- 6+ years of actuarial experience
- ACAS or FCAS or equivalent
- Experience with relational databases, and strong ability to write complex queries in SQL
- Knowledge in a programming language such as Python or R
- Predictive modeling experience in Python or R strongly preferred
- Familiarity with concepts in statistics and data science
- Prior management experience strongly preferred
- Ability to work independently and communicate ideas effectively
- Well organized and able to maintain good documentation and record keeping
Chubb is a world leader in insurance, providing commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. We are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it.
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