Chubb is the 11th largest property and casualty insurer in the US. This position provides actuarial support for Homeowners, Valuable Articles, Earthquake and Flood coverage.
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.
Education : Minimum of a Bachelor's Degree
Experience in personal lines is considered a plus, but not mandatory. The candidate should have at least three years of actuarial experience, at least five actuarial exams and should have general familiarity with basic actuarial techniques. While not required, an ACAS designation would be preferred. Proficiency in Excel, Access, Focus, and SAS 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.
This band 7 position provides actuarial support within Chubb Personal Insurance for Homeowners, Valuable Articles, Earthquake and Flood coverage. As a member of the Homeowners Unit you will be responsible for providing CPI with the actuarial analysis necessary for Chubb to sustain profitability and maintain a competitive position within the personal property insurance market. You can expect significant interaction with CPI Actuarial Management, Underwriting, IT, predictive modeling colleagues, and State Filings.
The major duties and responsibilities of this position include:
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.
- Producing rate level indications for CPI's top Homeowners states.
- Developing detailed proposals for the implementation or refinement of predictive pricing models into the rating plans for our top Homeowners states.
- If a qualified actuary, reviewing actuarial work products developed by other members of the section.
- Making appropriate rate filings with state insurance departments.
- Participating in an annual worldwide pricing study.
- Participating in Homeowners strategic projects.
- Other special projects as assigned.
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.