Senior Assistant Actuary

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 1st and 3rd 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 3rd party data sources and oversee integration of 3rd 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

QUALIFICATIONS

ABOUT US

Chubb is a world leader in insurance.

With operations in 54 countries, 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.

The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulatio...