AVP, Lead Actuary BOP

Overview:The role is hybrid with 3 days in office and 2 days remote. This role can be based in our Jersey City, NJ, Whitehouse Station, NJ, Philadelphia, PA or Simsbury CT office. Fully remote option is considered for strong candidates.This AVP Lead Actuary for BOP & Umbrella position is responsible for leading the actuarial pricing team for BOP and Umbrella lines for Chubb’s small commercial division. This position will have broad exposure to various functions across Chubb including underwriting, product, analytics/data science, and implementation. This role reports to the SVP Actuary for North America Small Business and will have significant exposure to Division leadership and North America Actuarial leadership. Responsibilities will include:Conduct annual profitability studies across granular coverage, class, distribution, and geographic level dimensionsLead 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 processDevelop 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 
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.
BS/BA Degree or higher in Mathematics, Actuarial Science, Statistics, Finance, or a related field 6+ years of actuarial experienceACAS 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 keepingIn Jersey City, NJ the pay range for the role is $150,000 to $175,000. 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 at .  This range is specific to Jersey City, NJ and may not be applicable to other locations. Full timePosting Date: 2024-09-04