AVP & Actuary

Chubb•Philadelphia, PA

1d•Onsite

About The Position

This position is responsible for leading and managing actuarial staff in the Property & Inland Marine unit of Westchester Actuarial. Westchester is Chubb’s wholesale division, which focuses primarily on middle market risks distributed through wholesalers. The role is based in Philadelphia, PA, and reports to the Lead Actuary for Westchester. 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.

Responsibilities

Oversee the day-to-day actuarial support for Westchester Property and Inland Marine through training and managing three actuarial analysts.
Large account pricing
Completion of annual profitability study
Production of monthly and quarterly management reporting including rate monitor
Assisting in development of the annual financial plan; providing loss ratio projections and planning documents as needed by Corporate Actuarial
Current Accident Year Actual vs Expected analysis on a monthly basis
Supporting pricing tools by developing needed enhancements, working with IT to implement, and testing prior to release
Responding to periodic requests via ad hoc analyses and reports
Work closely with the underwriting team to understand their needs and enhance actuarial analyses and reporting to support a profitable portfolio
Work closely with other Chubb and Westchester actuaries to encourage a consistent actuarial approach within Property lines across North America