Description

JOB DESCRIPTION

About the Role

This is a high-impact leadership opportunity at the heart of one of the world's premier insurance organizations. As SVP, Chubb Overseas General Reserving and Reporting, you will contribute to actively monitoring Chubb's reserve position while driving constant innovation within our actuarial practice. You will collaborate with a talented team of actuarial professionals across US, UK and Europe, Latin America, Asia Pacific, Japan and China to ensure reserve integrity and analytical excellence and will partner with senior executives across the enterprise to deliver strategic insights.

This role is preferably based on our Philadelphia PA office, reports directly to the Chubb Overseas General (COG) Chief Actuary and manages a central team of two actuaries.

What You'll Do

• Own Chubb Overseas General (COG) actuarial loss reserving, planning, and financial reporting processes including communication with COG executive leadership.
• Partner with the regional teams including reserving, pricing, underwriting, and claims to ensure appropriate inputs are captured into the reserving process, differing perspectives are discussed, and results and emerging trends are shared in the form of actionable insights with senior management.
• Prepare necessary summaries of reserve studies, current accident year analyses and actual vs. expected activity in support of the quarterly close and regular monthly monitoring.
• Conduct ad-hoc reserve and loss ratio studies to monitor loss activity and reserve and loss ratios adequacy as needed.
• Ensure management actions as approved by the COG and Group reserve committees are appropriately documented, correctly booked and reflected in various management and financial reports.
• Partner with Finance to communicate the key drivers of the loss ratio variances as part of the forecasting process.
• Initiate and lead efforts to improve reserving process efficiency, documentation, methodologies, and tools including strategic decisions about how the studies are constructed/aggregated.
• Support external reserve reviews, analyze findings and conclusions from the studies and recommend modifications to own reserving process as appropriate.
• Oversee and support relevant statutory or SEC reporting processes, including general documentation and 10k filings.
• Foster data integrity, quantitative discipline, and analytical rigor
• Ensure professionalism, strong control environment, and adherence to actuarial principles and Company practices
• Encourage continuous learning and promote career growth of staff

Requisition #: 32562

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