Senior Actuarial Analyst
About The Position
Claims Actuarial Insights strives to empower claims professionals with actionable intelligence. The team works closely with senior leaders to identify claims trends, develop performance metrics, and provide catastrophe projections and reporting. Projects are primarily focused on North America, but overseas opportunities exist. This department is a great place for someone who would like to develop strategic thinking, business acumen, and communication skills. We are seeking a Senior Actuarial Analyst to join the team. The candidate who fills this position will be focused on the team’s catastrophe-related work. The role is based in our Whitehouse Station, NJ office and reports to the Senior Assistant Actuary of Claims Actuarial Insights. 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
- Assist with the development of ultimate loss projections for current and prior year natural catastrophes in North America, across all divisions.
- Assist with implementing updates and improvements to the catastrophe projection process to ensure our ultimates are as accurate as possible, with estimates often starting within days of the events occurring.
- Take on an increasing involvement in catastrophe projections to lead presentations and be a point of contact for various claims teams.
- Support ad hoc quantitative analysis that facilitates effective decision making for large events (hurricanes, wildfires, etc.) as requested from Executive Leadership.
- Assist in defining requirements for data extraction and report automation to Claims IT.
- Assist in analyzing claim trends and performance metrics. Focus will be on updating monthly and quarterly reports with new data, looking for trends, and providing commentary.
- Assist in developing insightful performance metrics to help manage claim operations: e.g. inventory management, resource management, reserve adequacy, recovery, litigation management, expense budget, etc.
- Assist in financial impact analysis for strategic initiatives and develop tracking methodologies to monitor actual savings progress.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
