Combined Insurance Vice President & Actuary 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. 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.
The Vice President & Actuary will work within the Corporate Actuarial group as part of the Chubb North America Actuarial team. The role is based in our Whitehouse, NJ or Philadelphia, PA office and reports to the Lead Actuary for the Corporate Actuarial team.
This position can be at a VP or AVP level depending on the chosen candidate's experience.
Duties & Responsibilities: 1. Complete annual net and gross loss and ALAE reserve reviews and communicate the results to actuarial and divisional management for all assigned segments. The reviews identify areas of estimated favorable/unfavorable variances to booked reserve levels for possible actions and impacts to financial results and balance sheet levels, and provide feedback on the historical and current financial performance of the various business segments. 2. Provide support to the Corporate Actuary in the communication of reserve review findings to the US Reserve Committees and to internal and external auditors. Responsible for booking of results and review of/commentary on interim A vs E results. 3. Provide support to external actuaries and corporate actuarial for the annual external loss and ALAE reserve review. 4. While analyzing and reconciling data for the reserve reviews, identify material errors in data in financial and actuarial data systems and communicate them to the appropriate persons for correction. Work effectively with others to remedy or resolve known issues. 5. Work on other projects as requested or identified. Requirements: • BS degree or higher in Mathematics, Actuarial Science, Statistics, Finance, or a related field • ACAS; FCAS preferred • Proficiency in Excel; familiarity with ResQ, Access, other MS Office applications a plus • 10 years’ experience with a property and casualty insurer or in a consulting role; recent, meaningful reserving experience • Ability to work effectively with/through a small staff of actuarial analysts and develop such • Ability to work independently with minimal supervision
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law. For additional information about Chubb or its services, please visit our website at http://www.chubb.com.
Title: Vice President & Actuary
Requisition ID: 322180