Actuarial Specialist for the Accident, Benefits, and Life - (US-NJ-Whitehouse Station - 08889)

Minimum Education: Bachelors
Job Type: Full Time
Jobcode: 5151
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We are a leader in the industry with a worldwide network of more than 110 offices and consistently high
ratings from A.M. Best for financial stability and Standard & Poor’s and Moody’s for claim-paying ability.
The Chubb Corporation reported $50.6 billion in assets and $14.1 billion in
revenues in 2007. Fortune magazine includes Chubb in its list of “America’s Most Admired
Companies.” Forbes listed Chubb as one of America’s 400 Best Big Companies.

Currently, Chubb is seeking an Actuarial Specialist for the Accident, Benefits, and Life group in Whitehouse Station, NJ office.

Position Responsibilities
• Engage in product development activities by providing pricing support and developing premium rates.
• Provide all necessary actuarial memoranda, technical notes, and rating manuals as needed.
• Respond to regulatory questions and criticisms as they arise.
• Participate with the product development
team to review and assess plan design and contractual provisions.
• Provide timely and accurate analysis of ABL’s global book of business performance. Liaise and work with underwriting and other business colleagues to identify areas of opportunity or highlight areas of concern.
• Provide periodic rate and reserve adequacy assessments by line of business/country/zone and other loss and expense experience studies.
• Communicate and present analysis.
• Periodically assess the quality, accuracy, and completeness of actuarial/financial/statistical data populated and work with underwriting, IT, and the field staff to address and resolve anomalies.
• Provide aggregate risk management support by analyzing and presenting risk concentrations
• Periodically assess the quality, accuracy, and completeness of risk management information and work with underwriting, IT, and the field staff to address and resolve anomalies.
• Develop Probable Maximum Loss (PMLs) and other Loss Severity metrics
• Provide financial modeling support by developing new business models and/or enhancing existing models that enable us to better manage our book of business.


Knowledge & Skills:
• Candidate has advanced and demonstrated insurance, product, and underwriting knowledge of Group Life, Accident, and Health concepts. (Health & Stop Loss experience highly desirable).
• Candidate has an advanced knowledge of accounting, financial management, and business concepts.
• Candidate demonstrates leadership abilities and business acumen.
• Demonstrated written and verbal communication skills, teamwork, and organizational skills
• Strong project and time management skills.
• Clearly present rating methodology, document data and statistical sources for technical notes, actuarial memoranda, and rating manuals
• Demonstrates good problem solving skills
• Exhibits strong intellectual capacity and curiosity
• Demonstrates, applies, and implements sound actuarial, financial, and business techniques.
• Actively analyze and evaluate business processes and procedures. Make recommendations for changes
• Demonstrates customer-driven communication
• Exhibits empathy; responsive to feedback
• Influential and success in making a business impact.
• Organizational networking
• Common vs. personal agenda
• Efficient and organized work habits
• Strong work ethic and high standards
• Will to win/results oriented
• Able to work effectively either as a team leader or participant. Able to co-ordinate cross functional resources.

Requirements
Education and Experience

• Bachelor’s degree in Mathematics, Business or related field.
• Candidate has a minimum ASA or equivalent actuarial designation. Other related advanced educational or professional designations will be considered. Candidate has at least five years of insurance knowledge and experience with Group Pricing, Product Development, and Reserving techniques.

All interested applicants must apply online at http://www.chubb.apply2jobs.com/ Reference Requisition number 5151.