BOP AVP & Actuary

JOB DESCRIPTION

Join Chubb's Commercial Insurance Actuarial team as an Assistant Vice President & Actuary, focused on our rapidly growing Businessowners Policy (BOP) product.

This is a unique opportunity to shape the future of a high-impact, technology-driven insurance product, handled via straight through processing.

The role is in our Whitehouse Station, NJ office (with some flexibility in location) reporting to the VP & Actuary for Rating Systems, Modernization, and Strategy in CI Actuarial.

Duties and Responsibilities:


* Collaborate with BOP underwriting leads, GDP teams, and NA Analytics to execute filing strategy and implementation, ensuring alignment with business objectives and regulatory requirements.


* Work closely with predictive analytics, catastrophe modeling, IT, Product Services, Business Analysts, and third-party data providers to maintain, enhance, and implement pricing algorithms, support data-driven decision making, and evaluate new data sources for modeling and underwriting.


* Facilitate the rollout and ongoing support of new and more sophisticated pricing models (e.g., BOP by-peril rating, new GL models), including model development, state filings, system implementation, and technical validation such as scenario testing and dislocation analysis.


* Manage a direct team of two, including setting priorities, overseeing workloads, supporting training and development, and promoting technical skills development (e.g., SQL, R, Python, actuarial concepts) and successful completion of actuarial exams.


* Coordinate quarterly portfolio reviews and lead the annual profitability study for the BOP product, leveraging granular analysis across coverage, industry segment, broker distribution, and geography, and incorporating changes in catastrophe modeling approaches.


* Deliver and orchestrate reporting tasks, including rate monitoring, recurring analyses, and supporting monthly, quarterly, and annual reporting requirements for the BOP portfolio.


* Engage with business leaders to proactively identify issues, review pricing adequacy, devise strategies to bring rates to adequacy while supporting growth initiatives, and communicate clear, actionable recommendations to support portfolio management and profitable growth.


* Support the rating platform modernization strategy and objectives.

Actively contribute to department transformation efforts by propagating learnings and best practices from digital initiatives.


* Act as subject matter expert in supporting relevant work tied to reserve studies, reinsurance data calls, strategic steering committees, and other ad hoc Actuarial initiatives.


* Provide and oversee production support for rating implementation defects for the BOP policy administration system.


* Identify and address foundational data gaps through data exploration and reconciliation across multiple sources and collaborate with relevant teams to prioritize and close these gaps.

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