Description

JOB DESCRIPTION

This Vice President & Actuary position is responsible for leading and managing the actuarial staff in the Commercial Auto pricing unit of Commercial (CI) Actuarial. The role is based in either Whitehouse, NJ, Philadelphia, PA or Simsbury, CT with some flexibility for additional locations. The role reports to the Lead Actuary for the Commercial Insurance Division. There is flexibility to fill this position at a lower job grade for a qualified candidate with less than 10 years of experience.

Duties and Responsibilities related to these product lines:

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  Work closely with CI management to set priorities for Commercial Auto
  
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  Manage the actuarial pricing team including setting the staff's priorities/workloads and training/developing
  
• Complete annual pricing studies, as well as ad-hoc pricing study requests
• Oversee annual loss trend analysis
• Work with CI management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators
• Support the rollout of Chubb's new Auto product targeted at Small and Lower Middle Market customers
• Collaborate with other Auto actuarial groups across business units to share knowledge and introduce efficiencies where appropriate
• Complete monthly, quarterly and annual reporting requirements for price monitoring and actual versus expected
• Assist in developing the annual financial plan and quarterly evaluation of current accident year results
• Support the purchase and placement of reinsurance
• Work with the modeling team to support underwriting initiatives

Requisition #: 25306

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