AVP & Actuary
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Job Location:
Jersey, NJ - USA
Monthly Salary:
$ 146000 - 200000
Posted on:
9 hours ago
Vacancies:
1 Vacancy
Job Summary
Overview:
Join Chubbs Commercial Insurance Actuarial team as an Assistant Vice President & Actuary focused on Portfolio Management and Process Modernization. This role spans the total Commercial Insurance portfolio and represents a unique opportunity to drive transformation through technology-enabled solutions developing tools and processes that deliver timely insights to support strategic decision-making. The role is based in either Whitehouse Station (NJ) Jersey City (NJ) or Philadelphia (PA) offices and reports to the VP & Actuary Modernization lead for CI Actuarial.
Duties and Responsibilities:
Lead the revamp of on-level and price monitoring capabilities building and maintaining a facility that provides regular timely and accurate on-level and exposure-trended premium across various risk cohorts.
Enhance price monitoring frameworks by integrating granular rate adequacy concepts into existing workflows enabling more sophisticated analysis of pricing adequacy at detailed risk segment levels.
Develop and maintain robust well-documented tools reports and dashboards to support portfolio management activities across Commercial Insurance enabling key stakeholders to monitor performance and make data-driven decisions.
Mature the portfolio management support function by creating detailed scenario testing capabilities and analytical tools that enable portfolio managers to evaluate strategic decisions and optimize portfolio performance.
Support monthly quarterly and annual reporting requirements by streamlining data collection analysis and presentation processes to ensure accuracy and timeliness.
Support and enhance key actuarial work products including profitability analysis and planning processes through automation standardization and modernization of analytical workflows.
Collaborate closely with line actuarial leaders portfolio managers and cross-functional teams to identify opportunities for process improvement and deliver timely actionable insights that support strategic initiatives.
Partner with Technology Underwriting and Data Analytics teams to design implement and maintain scalable solutions that improve efficiency and effectiveness of recurring and ad-hoc analyses.
Drive continuous improvement initiatives by identifying pain points in existing processes proposing innovative solutions and implementing best practices from digital transformation efforts.
Proactively engage with portfolio managers across multiple lines of business to understand their analytical needs translate requirements into technical solutions and communicate findings through clear concise presentations.
Act as a subject matter expert in process modernization sharing knowledge and best practices across the actuarial team and promoting a culture of innovation.
Support ad-hoc actuarial initiatives and special projects as needed bringing a process-oriented mindset to ensure efficient execution and sustainable solutions.
Qualifications
Bachelors degree or higher in Mathematics Actuarial Science Statistics Computer Science Finance Economics or a related quantitative field.
8 years of actuarial or analytical experience in insurance with a focus on process improvement automation or analytics. Experience across multiple lines of business is beneficial but not required.
ACAS or FCAS certification preferred or equivalent industry qualifications. Alternative relevant credentials will be considered.
Strong proficiency in programming languages such as VBA R Python and SQL is required. Demonstrated experience building analytical tools automating workflows and working with large datasets.
Prior experience with price monitoring profitability analysis and planning processes is a plus.
Experience with transformation initiatives process improvement methodologies and leveraging AI/machine learning solutions is highly desirable.
Excellent analytical and problem-solving skills with the ability to translate business requirements into technical solutions.
Strong organizational and documentation skills with attention to detail and commitment to building maintainable scalable solutions.
Ability to manage multiple competing priorities and deliverables effectively in a fast-paced dynamic environment.
Exceptional collaboration skills with the ability to work effectively across multi-disciplinary teams and stakeholders at all levels.
Excellent interpersonal and communication skills with the ability to explain complex technical concepts to both technical and non-technical audiences.
Self-motivated individual contributor with strong initiative and ability to work independently while maintaining alignment with team objectives.
Growth mindset with enthusiasm for learning new technologies embracing change and driving innovation.
The pay range for the role is $146000 to $200000. The specific offer will depend on an applicants 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 foundon 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.
Key Skills
- Presentation Skills
- Risk Management
- Financial Services
- IFRS
- Banking
- Pricing
- Analysis Skills
- Securities Law
- Investment Banking
- Relationship Management
- Strategic Planning
- Leadership Experience
About Company
Chubb Life has been in Egypt since 2003. Chubb Life is the international life insurance division of Chubb - the world's largest publicly traded property and casualty insurance company by market capitalization.
