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Chubb

Chubb

Valuation Actuary, Chubb Life

Valuation Actuary, Chubb Life

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Job Details
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Uploaded On
June 29, 2023
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Location
Jersey City, United States
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Remote?
No
Salary
$
185
k-$
220
k
Glassdoor Ratings
""
Recommend to a Friend
69%
""
Overall Score
3.7 / 5

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[ Chubb Life is the international life insurance division of Chubb, the world's largest publicly traded multiline insurer. Chubb Life operates in 31 markets within Asia Pacific, Latin America, Europe and the Middle East, with premiums & deposits of approximately $3 billion, and 1,500 staff. Chubb Life offers a range of life insurance solutions offering protection, savings, accident & health, credit protection, and group employee coverages and benefits, distributed via an agency force of 100,000 agents, as well as independent agents, brokers, financial advisors, banks, digital channels and other distribution partners.

This role is part of the Global Actuarial team, with presence in Hong Kong, Singapore, and Jersey City, that oversees in-country actuarial functions. It will report to the VP of Valuation and will involve close interaction with local colleagues in Asia Pacific, Latin America, and Europe, as well as our corporate partners.

Responsibilities:
  • Identify and support the implementation of initiatives designed to enhance the quality and efficiency of local country actuarial reporting processes.
  • Work as part of the global actuarial valuation team on the execution of methods and establishment of standards for the life segment that are consistent with company philosophy and objectives
  • Support the analysis and recommendation of best estimate assumptions for a broad scope of life insurance products based on detailed experience study analysis
  • Assume responsibility for the integrity, timeliness and accuracy of liability calculations used in US GAAP reporting, management reporting and forecasts
  • Develop and execute reporting processes to monitor KPIs to support the analysis of profitability trends in portfolios of operating countries
  • Support the organization's near-term goal to complete the implementation of US GAAP Long Duration Targeted Improvements (LDTI) in APAC markets


Qualifications

  • Fellow of the Society of Actuaries, or equivalent
  • A minimum of 7 years of actuarial experience in the life insurance industry, including US GAAP valuation
  • Experience with actuarial modeling software, preferably Prophet
  • Previous experience with implementation of US GAAP LDTI, specifically the application of the new methodology, is a strong plus
  • In addition, the applicant should possess the following:
    • Strong interpersonal and communication skills, ability to effectively present and explain complex concepts to a non-technical audience
    • Commitment to understanding the actuarial and commercial aspects of the life insurance industry which are crucial for the successful operation of a global life company in developing international markets in Latin America, Asia and Europe
    • Strong organizational skills with an ability to prioritize and manage various projects and resources as needed
    • Dynamic and enthusiastic, with capacity to work independently in a small team environment and take initiative
    • Ability to meet tight deadlines and work extended hours when required
The pay range for the role is $185,000-$220,000. 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 at https://careers.chubb.com/global/en/north-america . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

EEO Statement

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 retaliationagainst any individual who reports discrimination or harassment. ]
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Working at 

Chubb

Chubb is a leading global insurance company that offers a range of insurance products to individuals, small businesses, and large organizations. The company was founded in 1882 and has grown to become one of the largest and most respected insurance providers in the world. Chubb is known for its expertise in underwriting and risk assessment, and offers a variety of insurance products, including home, auto, and business insurance, as well as specialized coverage options for specific industries and types of risk. In addition to traditional insurance products, Chubb also offers risk management and consulting services to help clients identify and mitigate potential risks. The company has a strong reputation for customer service and is committed to providing high-quality coverage to its policyholders. Chubb has a global presence, with operations in numerous countries around the world.

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