JOB DESCRIPTION

　　The analytics focused Assistant Vice President, Actuary is responsible for developing, analyzing, and maintaining rates and pricing models for the North America Small Commercial Insurance Division's Workers' Compensation Line

　　This role can be based in Jersey City, NJ, Whitehouse Station, NJ, Philadelphia, PA, or Simsbury, CT on a hybrid schedule (3 days in office, 2 days remote). Fully remote will be considered for strong candidates.

　　Responsibilities:

　　Pricing, Modeling & Implementation

　　Build and review workers' compensation predictive pricing models using advanced statistical modeling techniques with the highest level of buy-in from business partners; Set up regular and rigorous model refresh process

　　Oversee modeling initiatives with clear documentation and manage cross-functional teams including product, actuaries, data scientists/engineers via an Agile culture and delivery model

　　Research workers compensation industry trends and analyze industry data to incorporate into pricing models & rating plans

　　Develop non-pricing models including but not limited to pricing elasticity and demand forecast etc.

　　Lead rating implementation and governance process in externalized rating platforms and lead actuarial production support for existing rating implementations

　　Data & Reporting

　　Foster data integrity, quantitative discipline, and analytical rigor, including the continuous enhancement of 1st and 3rd party data used in modeling, underwriting, and monitoring

　　Conduct deep dive into existing 1st and 3rd party data assets and identify gaps in data availability, coverage, and accuracy; Partner with the data organization to identify root cause and rectify identified deficiencies

　　Identify and evaluate new 3rd party data sources and oversee integration of 3rd party data sources into pricing modeling and underwriting

　　Develop rigorous portfolio management processes to accurately monitor pricing model performance, rate & exposure changes, frequency & severity trend, and business mix

　　Closely collaborate with Portfolio Management and Reporting functions to develop automated and real time portfolio monitoring capabilities to inform pricing and underwriting actions

　　Core Actuarial

　　Oversee WC actuarial profitability study process and develop sound rate indications

　　Leverage actuarial and data science techniques to analyze patterns and trends

　　Participate in division financial planning through pro-forma portfolio modeling and forecasting

　　Peer review relevant Reserving and other actuarial work efforts

　　Proactively engage wider Actuarial community from other business divisions to drive knowledge sharing and methodology change on common actuarial projects

　　QUALIFICATIONS

　　Demonstrated

　　ABOUT US

　　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.

　　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.

　　Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity