Chubb is the 11th largest property and casualty insurer in the US. This position provides actuarial support in the Predictive Modeling Unit.
Company: Chubb Insurance
Location: Whitehouse Station, NJ
For more than 125 years, the Chubb Group of Insurance Companies has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.
Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 27 countries staffed by 10,400 employees. The Chubb Corporation reported $48 billion in assets and $13.2 billion in revenues in 2008. According to Fortune magazine, Chubb is the 203rd largest U.S.-based corporation. The magazine also includes Chubb in its list of "America's Most Admired Companies." Forbes listed Chubb as one of America's 400 Best Big Companies.
Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.
This band 7/8 position (depending on qualifications) provides actuarial support within Chubb Personal Insurance in the Predictive Modeling Unit. CPI employs predictive models for automobile and homeowners pricing and underwriting purposes. The candidate must have a basic understanding of regression modeling and an interest in statistical modeling, data mining, and be willing to learn new systems. While predictive modeling will be a primary responsibility for this individual, involvement in and leadership of other actuarial projects can be expected.
Specific duties include:
1. Development and implementation of state specific variations of countrywide Auto and Home models
2. Determining predictive variables through statistical analysis.
3. Development of predictive pricing and underwriting models.
4. Working with Underwriting to finalize plans for model form and implementation.
5. Assist I/T in implementing and testing predictive models, as well as providing filing support.
6. Recommend and implement changes to existing modeling practices and other actuarial techniques.
7. Participation in other actuarial projects, as assigned.
Experience in personal lines is considered a plus, but not mandatory. The candidate should have at least three years of actuarial experience, at least four actuarial exams and should have general familiarity with basic actuarial techniques. Proficiency in a statistical package (SAS, SPSS, Splus, R), Excel, Access, and Focus is a plus. The individual must also possess excellent oral and written communication skills and be able to manage their time effectively to meet scheduled due dates.
CPI offers a dynamic atmosphere where you will be empowered to explore your own innovative ideas, as well as be a part of a team that strives for excellence. Given the significant interaction with underwriters and I/T, the individual must be able to communicate their ideas clearly both verbally and in writing..
Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.
All interested applicants must
Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.