Actuarial Analyst II

JOB DESCRIPTION

Combined Insurance, a Chubb Company, is seeking an Actuarial analyst II to join our fast-paced, high energy, growing company.

We are proud of our tradition of success in the insurance industry of over 100 years.

Come join our team of hard-working, talented professionals!

Position Summary

The Actuarial Analyst II (Modeling) will be a member of a small team that models Life and A&H insurance cash flows, for use by the Valuation Team in quarterly US financial reporting.

The Analyst will work closely with the Valuation, Pricing and Data Teams.

The work is project based, with most projects completed during one quarter and occasional long-term projects lasting a year or more.

The modeling is done using Moody's Axis.

The Analyst may also assist with financial reporting requirements and support for internal Management, experience study and external audit requests.

Responsibilities


* Modeling / maintenance of actuarial models in Axis.


* Testing, validating and documenting new model output.


* Quantifying the financial impact of new models.


* Model management including change control documentation.


* Testing of data sources and integration of new data sources with Axis.


* Providing analysis and justification of quarterly valuation results when needed.


* Assisting in the development, implementation and understanding of any new financial reporting methodology or reporting requirements.


* Supporting annual experience studies with Axis output.


* Other ad hoc projection / actuarial requests.

Skills


* Basic Actuarial Modeling skills.


* Ability to analyze models to determine drivers of results.


* Ability to work independently and provide updates.


* Excellent written and verbal communication skills.


* Ability to identify, prioritize and manage the tasks necessary to meet department deadlines.

Education and Experience


* Bachelor's degree preferably in Actuarial Science, Mathematics, or Statistics.


* Participation in the actuarial exam process, near ASA.


* Advanced Excel and SQL experience.


* Understanding of insurance assets and liabilities, including reserves and DAC.


* Familiarity with US statutory insurance regulations and US GAAP ASU 2018-12.


* Experience with an actuarial projection system, Moody's AXIS preferred.

Combined Insurance has a competitive Actuarial Student Program.

The pay range for the role is $77,800 to $89,000.

The specific offer will depend on an applicant's skills and other factors.

This role may also be eligible to participate in a discretionary annual incentive program.

Chubb offers a comprehensive benefits package, more details on which can be found on our careers website.

The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

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