Vice President & Actuary (Finance)
JOB DESCRIPTION
This Vice President & Actuary position is responsible for leading and managing the actuarial staff in the Commercial Auto pricing unit of Commercial (CI) Actuarial. The role is based in either Whitehouse, NJ, Philadelphia, PA or Simsbury, CT with some flexibility for additional locations. The role reports to the Lead Actuary for the Commercial Insurance Division. There is flexibility to fill this position at a lower job grade for a qualified candidate with less than 10 years of experience.
Duties and Responsibilities related to these product lines:
- Work closely with CI management to set priorities for Commercial Auto
- Manage the actuarial pricing team including setting the staff's priorities/workloads and training/developing
- Complete annual pricing studies, as well as ad-hoc pricing study requests
- Oversee annual loss trend analysis
- Work with CI management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators
- Support the rollout of Chubb's new Auto product targeted at Small and Lower Middle Market customers
- Collaborate with other Auto actuarial groups across business units to share knowledge and introduce efficiencies where appropriate
- Complete monthly, quarterly and annual reporting requirements for price monitoring and actual versus expected
- Assist in developing the annual financial plan and quarterly evaluation of current accident year results
- Support the purchase and placement of reinsurance
- Work with the modeling team to support underwriting initiatives
QUALIFICATIONS
ABOUT US
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.
