AVP & Actuary

Company: ACE American Insurance Company (Chubb)
Location: Philadelphia
Posted on: April 11, 2025

Job Description:

AVP & Actuary (ACE American Insurance Company (Chubb)) (Philadelphia, PA): Overseeing and completing designated loss and ALAE (Allocated Loss Adjustment Expense) reserve review analyses for key insurance lines at year-end; Preparing explanations of change in estimates for key stakeholders within the business unit, North American and Limited senior management, and other interested parties; Creating new reserving capabilities through leveraging current data sources and processes; Carrying out "deep dive" analyses and other reserving projects intended to support ongoing actuarial operations and reserving calculations; Completing documentation of reserve analyses, including reconciliation and support for external actuarial review; Preparing booking changes for bulk reserves into our systems/ledger as well working with IT personnel as necessary to refine data detail needed for reserve analysis and booking; Leading quarterly statutory results explanation, working with senior actuarial and financial staff in order to fully document and detail key calculations and analyses; and Supporting Actual vs.

Is this the role you are looking for If so read on for more details, and make sure to apply today.

expected analysis on lines reviewed.

Must have the following skills and experience in order to perform the above-mentioned tasks: Ability to build actuarial data models; Experience in designing and developing frequency and severity models from ground up with GLM modeling and validation packages in R; Ability to identify claim and policy data that are appropriate for modeling the ultimate loss values for high-severity and low-frequency claims; Proficiency in data tiering to increase homogeneity while maintaining credibility for modeling purpose; Familiarity with data transformation and different families of GLM models in order to select the most appropriate combination for different frequency and severity models; Knowledge of modeling assessment with cross validation, AUC statistics, and actual vs modeled distribution comparisons; Ability to effectively communicate with both actuarial and insurance professionals; and Strong organizational and documentation skills are required, along with the ability to prioritize multiple competing deliverables and manage time effectively to meet scheduled due dates.

Requires a Bachelor's degree or foreign equivalent in Mathematics, Statistics or related field and at least 5 years of experience as a Property/Casualty Actuary or related occupation.

Requires certification as an Associate or Fellow of the Society of Actuaries or other comparable recognized actuarial society.

Option to work from home may be available.

Salary: $188,750/year.

Please send C.V.

to mary.frederick@chubb.com.

Keywords: ACE American Insurance Company (Chubb), New Rochelle , AVP & Actuary, Accounting, Auditing , Philadelphia, New York