AVP & Actuary

This position is responsible for leading and managing actuarial staff in the Property & Inland Marine unit of Westchester Actuarial. Westchester is Chubb’s wholesale division, which focuses primarily on middle market risks distributed through wholesalers. The role is based in Philadelphia, PA, and reports to the Lead Actuary for Westchester. 

 

 

Responsibilities will include: 

• Oversee the day-to-day actuarial support for Westchester Property and Inland Marine through training and managing three actuarial analysts. 

• Large account pricing
• Completion of annual profitability study
• Production of monthly and quarterly management reporting including rate monitor
• Assisting in development of the annual financial plan; providing loss ratio projections and planning documents as needed by Corporate Actuarial
• Current Accident Year Actual vs Expected analysis on a monthly basis
• Supporting pricing tools by developing needed enhancements, working with IT to implement, and testing prior to release
• Responding to periodic requests via ad hoc analyses and reports
• Work closely with the underwriting team to understand their needs and enhance actuarial analyses and reporting to support a profitable portfolio
• Work closely with other Chubb and Westchester actuaries to encourage a consistent actuarial approach within Property lines across North America

 

 

• 7+ years of actuarial experience
• Designation in either Casualty Actuarial Society or equivalent international actuarial body
• Proficiency in Microsoft Excel and other MS Office applications; familiarity with SQL, R, and/or Python a plus
• Keenness for data (collection, manipulation, sensibility checks)
• Detail oriented
• Strong analytical and problem solving skills
• Excellent communication skills; ability to provide clear and concise verbal and written communications of analyses, results, and work products
• Strong organizational skills and ability to maintain good documentation and record keeping; ability to prioritize multiple competing deliverables and manage time effectively to meet scheduled due dates
• Desire to work in a fast-paced environment

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.