Actuarial Data Analyst

Combined Insurance, a Chubb Company, is seeking an Actuarial analyst II to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insurance industry of over 100 years. Come join our team of hard-working, talented professionals!

Position Summary 

The Actuarial Analyst II (Modeling) will be a member of a small team that models Life and A&H insurance cash flows, for use by the Valuation Team in quarterly US financial reporting.  The Analyst will work closely with the Valuation, Pricing and Data Teams.  The work is project based, with most projects completed during one quarter and occasional long-term projects lasting a year or more.  The modeling is done using Moody’s Axis.

The Analyst may also assist with financial reporting requirements and support for internal Management, experience study and external audit requests.

Responsibilities 

• Modeling / maintenance of actuarial models in Axis.
• Testing, validating and documenting new model output.
• Quantifying the financial impact of new models.
• Model management including change control documentation.
• Testing of data sources and integration of new data sources with Axis.
• Providing analysis and justification of quarterly valuation results when needed. 
• Assisting in the development, implementation and understanding of any new financial reporting methodology or reporting requirements.
• Supporting annual experience studies with Axis output. 
• Other ad hoc projection / actuarial requests.  

Skills

• Basic Actuarial Modeling skills.
• Ability to analyze models to determine drivers of results.
• Ability to work independently and provide updates.
• Excellent written and verbal communication skills.
• Ability to identify, prioritize and manage the tasks necessary to meet department deadlines.

Education and Experience 

• Bachelor’s degree preferably in Actuarial Science, Mathematics, or Statistics.
• Participation in the actuarial exam process, near ASA.
• Advanced Excel and SQL experience.
• Understanding of insurance assets and liabilities, including reserves and DAC.
• Familiarity with US statutory insurance regulations and US GAAP ASU 2018-12.
• Experience with an actuarial projection system, Moody’s AXIS preferred.

OUR BENEFITS As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees: 

• Health insurance
• Dental insurance
• Tuition reimbursement
• A company-match 401(k) plan
• Disability insurance
• Life insurance
• Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, with satellite office in Columbia, SC, Combined is celebrating over 100 years in business. We are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2023 (over $1 billion revenue category), marking Combined's twelfth consecutive year on the Top 10 list. We pride ourselves on approaching all situations with a Positive Mental Attitude (PMA) and encouraging collaboration.

ABOUT CHUBB 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.
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