AVP, Valuation Actuary Chubb Life

JOB DESCRIPTION

Chubb Life is the international life insurance division of Chubb, the world's largest publicly traded multiline insurer.

Chubb Life operates in 31 markets within Asia Pacific, Latin America, Europe and the Middle East, with premiums & deposits of approximately $3 billion, and 1,500 staff.

Chubb Life offers a range of life insurance solutions offering protection, savings, accident & health, credit protection, and group employee coverages and benefits, distributed via an agency force of 100,000 agents, as well as independent agents, brokers, financial advisors, banks, digital channels and other distribution partners.

This Assistant Vice President, Valuation Actuary is part of the Global Life Actuarial Team, with presence in Hong Kong, Singapore, and Jersey City, that oversees in-country actuarial functions for Chubb Life businesses across Asia Pacific, Latin America, Bermuda, Europe and the Middle East.

This position will report to Global Head of Valuation and partner closely with the company's global leadership team as well as local and regional management teams to increase the firm's actuarial efficiencies and capabilities.

This position will contribute to a "best in class" centralized GAAP and IFRS reporting capability that can manage valuation and reserving for the business globally and contribute to the development of a production standards that can more effectively and efficiently provide the quarterly and annual financial requirements, as well as provide insight into the drivers of financial results.

Responsibilities:


* Work closely with the Head of Valuation and the Chief Actuary to develop global actuarial principles, approaches and standards for the Life segment


* Oversee the integrity, timeliness, and accuracy of liability calculations used in U.S.

GAAP, IFRS, management reporting and forecasts


* Contribute to the development of an efficient monthly close process which incorporates standard methods and controls for both direct and reinsurance liabilities written in multiple countries through various distribution channels.


* Partner with local Actuarial and Finance teams to gain business insights behind valuation results and support local management in understanding U.S.

GAAP earnings


* Manage processes related to experience studies and assumption setting to support accurate financial forecasts and profitable new product development


* Provide recommendations to senior management effectively with sound communication and presentation skills for both technical and non-technical audiences


* Enable higher performance by incrementally improving approaches based on calculated risks and benefits, including benchmarking own performance against industry best practices


* Direct process and functional improvement initiatives, following global best practices, in local country actuarial teams


* Lead initiatives to increase collaboration between the international life and the traditional...