Actuary & AVP - Actuarial Life Valuation

About Chubb Business Services India 

Chubb is the world’s largest publicly traded P&C insurance company and a leading commercial lines insurer in the U.S. With operations in 54 countries and territories, 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.

Chubb has nearly $200 billion in assets and reported $52.0 billion of gross premiums written in 2022. Chubb’s core operating insurance companies maintain financial strength ratings of AA from Standard & Poor’s and A++ from A.M. Best..

Chubb Limited, the parent company of Chubb, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. 

Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide.

Key Objective

1. To provide meaningful, insightful, high quality and timely actuarial reports and advice to various global actuarial teams and business units across various lines of business and geographies.

Major Duties and Responsibilities

Responsible for implementation of IFRS in one or more Asia Pacific markets. 

1. Manage the team to ensure best practice for process & control
2.  Ensure the maintenance of documentation for each process and audit requirements including data, models, assumptions and analysis to support the delivery of high-quality financial results and analysis
3. Manage the ad-hoc deep-dive analysis or impact assessment to provide actuarial insights
4. Identify areas on improving the efficiency and optimizing the reporting process through process enhancement and automation

Should have experience analyzing cash flows in Prophet models, or a similar Actuarial software, and reconciling with XL pricing models.

Create Valuation reporting and reconcile from Prophet runs.

Further details about the specific role shall be discussed during or after an initial discussion.

Qualifications, Skills and Credentials

Undergraduate/Post graduate degree in any analytical discipline such as Mathematics, Actuarial Science, Statistics, etc 

Strong data analytics capabilities, attention to detail and problem solving ability

Member of Actuarial Society(IAI/IFOA/SOA) with minimum 6 papers cleared (may differ based on hiring level)

Excellent oral and written communication skills

Effective interpersonal skills, ability to manage competing projects, meet deadlines

Proficiency in MS Excel and office applications

Proficiency in Prophet, or similar Actuarial software

Prior exposure or experience in some of the following tools/software shall be advantageous  -MS Access, VBA, SAS, SQL, R, Python, Qlik. 

Experience

7+ years relevant actuarial work experience in insurance industry, preferably Life Insurance.