VP & Actuary

JOB DESCRIPTION

The Risk Modeling Unit (RMU) at Chubb is responsible for describing the company's risk profile using a stochastic capital model and evaluating Chubb's internal economic capital.

The Calibration team within RMU works with various internal teams and external regulators to ensure the capital model accurately reflects Chubb's risk profile.

We are looking for an experienced, innovative, and results-driven leader for the Calibration team.

The ideal candidate will play a key role in Chubb's Risk Modeling team, collaborating with experts in actuarial, catastrophe modeling, and asset management.

This leader will manage a team of actuaries specializing in calibrating the stochastic model.

This position reports to the Global Head of Capital Modeling and is based in Whitehouse Station, NJ.

Responsibilities:


* Oversee the model calibration process, ensuring all parameters and inputs are up-to-date and reflect business needs using calibration models and technology platforms that are optimal and fit for purpose.


* Oversee the quarterly production of economic scenarios and work with Asset Management to accurately reflect Chubb's asset risk.


* Maintain a governance process and ensure calibration methods and processes comply with it.

Monitor model limitations and prioritize necessary improvements.

Collaborate with Model Validation Unit to support validation efforts and quickly address any findings.


* Support internal model regulatory approvals and calibration to produce necessary capital in approved jurisdictions.


* Develop meeting materials for senior management and address ad hoc management requests.

Share insights from the model to support other business areas, such as assisting Treasury in discussions with S&P and providing risk profiles for subsidiaries' strategic planning.


* Stay updated on advancements in capital modeling to keep Chubb's model aligned with current trends.

QUALIFICATIONS



* Bachelor's

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 regulations pertaining to it.

Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and ve...