Assistant Actuary

Overview:

This position is for an Assistant Actuary. The role is based in our Whitehouse Station, NJ office, however there is flexibility to fill this position in either our Philadelphia, PA or Jersey City, NJ locations for exceptional candidates.

 

This Assistant Actuary position will play a key role in supporting the Property pricing unit of Commercial Insurance (CI) Actuarial, focusing on Package Property and Monoline Property lines of business with additional opportunity to support Marine lines. This position offers broad exposure to various functions across the organization including underwriting, product development, analytics/data science, and rating implementation. The role will also involve collaboration with cross-functional teams and participation in strategic initiatives to enhance pricing capabilities and portfolio performance.

 

Responsibilities:

• Conduct annual trend analyses and profitability studies and ad-hoc deep dives across granular dimensions to inform pricing strategies.
• Participate in rating implementation and governance process of externalized rating platforms and provide actuarial production support for existing rating implementations 
• Develop portfolio management capabilities to monitor pricing model performance, achieved rate changes, new business adequacy, business mix, and other metrics in real time.
• Support actuarial state filings, review competitor filings, and ensure compliance with regulatory requirements.
• Work with analytics, data science, and other actuarial teams to develop predictive modeling capabilities and establish a rigorous model refresh process.
• Collaborate with reinsurance pricing teams to support treaty renewals.
• Provide monthly, quarterly, and annual reporting for price monitoring and actual vs. expected analyses.

 

 

Qualifications:

• BS/BA Degree or higher in Mathematics, Actuarial Science, Statistics, Finance, or a related field 
• 4+ years of actuarial experience
• ACAS or FCAS designation  
• Proficiency in a programming language such as Python or R  
• Experience with relational databases, and strong ability to write complex queries in SQL
• Familiarity with concepts in statistics and data science 
• Ability to work independently and communicate ideas effectively 
• Well organized and able to maintain good documentation and record keeping
• Desire to work in a fast-paced, fluid environment with a focus on innovation and continuous improvement.

The pay range for the role is $117,00 to $170,000. 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 on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

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.