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Financial Lines Pricing Actuary Analyst

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Chubb

14d ago

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Accounting & Tax
  • London

AI generated summary

  • You must be a motivated team player with experience in case pricing, strong communication skills, data management, and proficiency in Excel and R; actuarial progress required.
  • You will support underwriters in case pricing for Professional Indemnity, manage pricing processes, develop tools, assist with priorities, and engage with the actuarial community.

Requirements

  • Highly motivated, great team player, able to deal with different professional backgrounds and adaptable to a fast-paced environment.
  • Experienced in case pricing and portfolio management activities.
  • Loss Modelling and Statistical Analysis skills.
  • Commercial insurance and systemic risk knowledge.
  • Strong communicator who can articulate complex messages to a broad range of audiences in a clear and concise manner, both verbally and written; proficiency in English required.
  • Strong systems / software / data management skills, and ability to learn new software on own initiative.
  • Working knowledge of Microsoft Office (in particular Excel) and R is a must. Dataiku, VBA, ResQ, Radar, and Python experience would all be beneficial too.
  • Professional actuarial qualification or have made reasonable progress to being qualified.

Responsibilities

  • Be the key Actuarial Partner to CGM Financial Lines underwriters on the case pricing of individual risks, in particular relating to our Professional Indemnity portfolios.
  • Responsible for the case pricing process for CGM and wider EMEA Financial Lines & Cyber pricing team, including maintaining records of risks priced, delegating and reviewing individually priced accounts, updating documentation and promoting best practice.
  • Responsible for the development and calibration of experience rating tools, in support of case pricing of risks/binders. Collaborate with key stakeholders (Chubb Overseas General / underwriters) to ensure tool kits are fit for purpose.
  • Assist the CGM Financial Lines & Cyber Actuary and EMEA Financial Lines & Cyber team with other key priorities as required.
  • Engage with the wider Actuarial community as necessary.

FAQs

What is the primary focus of the Financial Lines Pricing Actuary Analyst role at CHUBB Global Markets?

The primary focus of the role is on managing the case pricing process for CGM Financial Lines & Cyber, specifically for the London underwriting team that writes risks across the globe.

What key responsibilities will the Analyst have in this role?

Key responsibilities include acting as the key actuarial partner to underwriters, overseeing the case pricing process, developing and calibrating experience rating tools, and assisting with key priorities in collaboration with other teams.

What qualifications are required for the Financial Lines Pricing Actuary Analyst position?

Required qualifications include being a highly motivated team player, having experience in case pricing and portfolio management, possessing loss modeling and statistical analysis skills, and having a strong knowledge of commercial insurance and systemic risk.

What software and tools should candidates be proficient in for this role?

Candidates should have strong skills in Microsoft Office (especially Excel) and R. Experience with Dataiku, VBA, ResQ, Radar, and Python would be beneficial.

Is a professional actuarial qualification required for this position?

Yes, candidates should have a professional actuarial qualification or have made reasonable progress towards becoming qualified.

What type of communication skills are expected for this role?

Strong communication skills are essential, with the ability to articulate complex messages clearly and concisely to a broad range of audiences, both verbally and in writing. Proficiency in English is required.

Where is this position based?

This position is based in London, allowing for direct interaction with the underwriting team.

Will there be opportunities to collaborate with other teams?

Yes, there will be opportunities to assist the EMEA Financial Lines & Cyber Pricing team on key priorities and strategic projects.

What kind of work environment can I expect in this role?

The role requires adaptability to a fast-paced environment, working closely with a diverse team that comprises different professional backgrounds.

Is experience in loss modeling important for this role?

Yes, loss modeling and statistical analysis skills are critical to effectively support case pricing of risks and binders.

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Chubb

The world's largest publicly traded property and casualty insurance company

Finance
Industry
10,001+
Employees
1882
Founded Year

Mission & Purpose

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide.