AVP Valuation Actuary Chubb Life
AVP Valuation Actuary Chubb Life
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Chubb Life is the international life insurance division of Chubb the worlds largest publicly traded multiline Life operates in 31 markets within Asia Pacific Latin America Europe and the Middle East with premiums & deposits of approximately $3 billion and 1500 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 100000 agents as well as independent agents brokers financial advisors banks digital channels and other distribution partners.
ThisAssistant Vice President Valuation Actuaryis part of the Global Life Actuarial Team with presence in Hong Kong Singapore and Jersey City that oversees incountry actuarial functions for Chubb Life businesses across Asia Pacific Latin America Bermuda Europe and the Middle East. This position will report to Global Head of Valuation and partner closely with the companys global leadership team as well as local and regional management teams to increase the firms actuarial efficiencies and capabilities. This position will contribute to a best in class centralized GAAP and IFRS reporting capability that can manage valuation and reserving for the business globally and contribute to the development of a production standards that can more effectively and efficiently provide the quarterly and annual financial requirements as well as provide insight into the drivers of financial results.
Responsibilities:
- Work closely with the Head of Valuation and the Chief Actuary to develop global actuarial principles approaches and standards for the Life segment
- Oversee the integrity timeliness and accuracy of liability calculations used in U.S. GAAP IFRS management reporting and forecasts
- Contribute to the development of an efficient monthly close process which incorporates standard methods and controls for both direct and reinsurance liabilities written in multiple countries through various distribution channels.
- Partner with local Actuarial and Finance teams to gain business insights behind valuation results and support local management in understanding U.S. GAAP earnings
- Manage processes related to experience studies and assumption setting to support accurate financial forecasts and profitable new product development
- Provide recommendations to senior management effectively with sound communication and presentation skills for both technical and nontechnical audiences
- Enable higher performance by incrementally improving approaches based on calculated risks and benefits including benchmarking own performance against industry best practices
- Direct process and functional improvement initiatives following global best practices in local country actuarial teams
- Lead initiatives to increase collaboration between the international life and the traditional life reinsurance actuarial teams
Qualifications
- A minimum designation of Associate of the Society of Actuaries or equivalent
- A minimum of 10 years of actuarial experience in the life insurance industry
- Familiarity with financial reporting processes and reporting regimes (e.g. local IFRS US GAAP) and prior experience leading a valuation close process
- Knowledge of the valuation requirements for both direct and reinsurance products
- Experience with US GAAP LDTI methodology calculations and disclosures is a plus
- Experience with actuarial modeling software preferably Prophet
- Interest in programming languages i.e. Visual Basic SQL Python etc.
In addition the applicant should possess the following:
- Strong interpersonal and communication skills ability to effectively present and explain complex concepts to senior management
- Strong organizational skills with an ability to plan and lead various projects and resources as needed
- An established leader who can act as mentor to a medium size Actuarial team which is geographically and culturally diverse
- Dynamic and enthusiastic
Required Experience:
Exec
Employment Type
Full-Time
