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Senior Assistant Actuary
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Chubb
Jersey City, New Jersey, United States
(on-site)
Posted 15 hours ago
Senior Assistant Actuary
Share Print
Chubb
Jersey City, New Jersey, United States
(on-site)
Job Type
Full-Time
Senior Assistant Actuary

The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Senior Assistant Actuary
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.

Description

JOB DESCRIPTION

Senior Assistant Actuary

Description

The analytics focused Sr. Assistant Actuary is responsible for developing, analyzing, and maintaining pricing models for the North America Small and Lower Middle Market Workers' Compensation Line

This role can be based in Jersey City, NJ, Whitehouse Station, NJ, Philadelphia, PA, or Simsbury, CT. Fully remote will be considered for strong candidates.

Responsibilities:

Pricing, Modeling & Implementation
  • Build and review workers' compensation predictive pricing models using advanced statistical modeling techniques with the highest level of buy-in from business partners; Set up regular and rigorous model refresh process
  • Oversee modeling initiatives with clear documentation and manage cross-functional teams including product, actuaries, data scientists/engineers via an Agile culture and delivery model
  • Research workers compensation industry trends and analyze industry data to incorporate new predicative variables into pricing models & rating plans
  • Develop and maintain non-pricing models including but not limited to pricing elasticity and demand forecast etc.
  • Lead rating implementation and governance process in externalized rating platforms and lead actuarial production support for existing rating implementations


    • Data & Reporting
  • Foster data integrity, quantitative discipline, and analytical rigor, including the continuous enhancement of 1st and 3rd party data used in modeling, underwriting, and monitoring
  • Conduct deep dive into existing 1 st and 3 rd party data assets and identify gaps in data availability, coverage, and accuracy; Partner with the data organization to identify root cause and rectify identified deficiencies
  • Identify and evaluate new 3 rd party data sources and oversee integration of 3 rd party data sources into pricing modeling and underwriting
  • Develop rigorous portfolio management processes to accurately monitor pricing model performance, frequency & severity trend, and business mix


    • Core Actuarial
  • Leverage actuarial and data science techniques to analyze patterns and trends to provide business insights on growth and profitability
  • Peer review relevant pricing and other actuarial work efforts
  • Proactively engage wider Actuarial community from other business divisions to drive knowledge sharing and synergy on pricing model utilization

    • Requisition #: 22002

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    Job ID: 81135623
    Chubb
    Insurance
    United States
    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 28 countries staffed by 10,600 employees. The Chubb Corporation reported $50.6 billion in assets and $14.1 billion in revenues in 2007. According to Fortune magazine, Chubb is the 180th largest ...
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    Median Salary
    Net Salary per month
    $5,882
    Cost of Living Index
    76/100
    76
    Median Apartment Rent in City Center
    (1-3 Bedroom)
    $3,194 - $5,620
    $4,407
    Safety Index
    60/100
    60
    Utilities
    Basic
    (Electricity, heating, cooling, water, garbage for 915 sq ft apartment)
    $99 - $200
    $135
    High-Speed Internet
    $50 - $80
    $65
    Transportation
    Gasoline
    (1 gallon)
    $3.29
    Taxi Ride
    (1 mile)
    $3.30
    Data is collected and updated regularly using reputable sources, including corporate websites and governmental reporting institutions.