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AVP & Actuary

Chubb
Posted 9 days ago, valid for 17 days
Location

Philadelphia, PA 19102, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The position involves leading and managing actuarial staff in the Property & Inland Marine unit of Westchester Actuarial, based in Philadelphia, PA.
  • Responsibilities include overseeing actuarial support, large account pricing, and conducting annual profitability studies while managing three actuarial analysts.
  • The role requires collaboration with underwriting teams and other actuaries to enhance reporting and maintain a profitable portfolio.
  • Candidates should have at least 5 years of experience in actuarial roles and a strong background in property and casualty insurance.
  • The salary for this position is competitive and commensurate with experience.

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. 

 

 

Responsibilities will include: 

  • 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

 

 


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 veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.



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