Combined Insurance Actuarial Associate, Chubb Life in United States
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. Chubb Tempest Life Reinsurance Ltd. has an immediate vacancy for an Actuarial Associate in our Jersey City office. The Actuarial Associate will be a key member of a small dynamic team responsible for risk management of life and annuity reinsurance business. Primary focus is on valuation and risk management of variable annuity guaranteed benefits, with opportunities to work on an array of international life projects. Responsibilities of the position include, but are not limited to:
Analysis and reporting of risk components through development and maintenance of stochastic simulation models, which includes updating and running monthly and quarterly production valuation models, compiling results and producing analytic summaries of the results.
Generate, test, and analyze economic scenarios for valuation and sensitivity testing using Moodys economic scenario generator.
Support other aspects of the life reinsurance business, including financial reporting, SEC filings, forecasts, hedging, and performing ad hoc analysis.
Perform annual experience studies on lapse, annuitization, partial withdrawal, and mortality.
Opportunity to lead or support projects for the direct life business, including valuation and pricing of life products, ERM, and digital platform.
The successful applicant should possess the following:
Demonstrated good exam progress; Associate of the Society of Actuaries or near-ASA desirable;
A minimum of 2 years of relevant experience in an actuarial role in the U.S. life (re)insurance markets, experience working with variable annuities a plus;
Expertise with Excel and strong actuarial modeling skills (MoSes or RAFM a plus); experience with economic scenario generators a plus. In addition, the applicant must possess the following:
Strong communication skills;
Genuine aptitude for working independently in a small team environment; and
Ability to meet tight deadlines.
Successful applicant will be able to work extended hours and weekends when required.
Job level will depend on successful applicant’s relevant experience.
Title: Actuarial Associate, Chubb Life
Requisition ID: 322623