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Actuarial Associate, Tempest Life Re

Chubb Hoboken, United States
Posted 1 month ago Permanent Competitive
Actuarial Associate, Tempest Life Re
Job Description

Chubb Tempest Life Re (CTLR), based in Bermuda, specializes in solutions designed for the management of multi-faceted risks including economic/financial, policyholder behavior-driven, and mortality risks. In the variable annuity marketplace, we possess the actuarial expertise and experience to analyze and manage reinsurance programs for various embedded risks including guaranteed minimum death benefits, guaranteed minimum income benefits, and other benefit guarantees. Chubb Tempest Life Re also offers direct life insurance products to individuals through its branches in Taiwan and UAE and its subsidiary in Europe, and offers solutions to Chubb Life by leveraging its expertise in VA reinsurance. CTLR has an immediate vacancy for an Actuary Associate in our Jersey City office. This role reports to the VP & Chief Actuary CTLR and will be a key member of a dynamic team responsible for the risk management and valuation of life and annuity reinsurance business, with a focus on VA guaranteed benefits
  1. Analyzing risk components, statistical information, and financial soundness on variable annuity for life reinsurance business by developing and maintaining actuarial reporting models;
  2. Executing the reporting and analysis of risk mechanisms through the development and preservation of stochastic simulation models using experience with running stochastic modeling and economic scenario generators as per the actuarial guidelines;
  3. Implementing regular production of valuation prototypes accumulating results and producing analytic summaries using experience with calculating the statutory reserves and capital for the variable annuity business and presenting analytic summaries for the same;
  4. Updating and running production valuation models, compiling results, and producing analytic reports for senior management.
  5. Supporting other aspects of the life reinsurance business, including collateral management, local statutory filings, internal and external audits, hedging, experience studies, sensitivity testing, etc.


Qualifications

  • 1-2 ASA exams completed
  • Expertise with actuarial modeling software
  • Proficiency in Excel for statistical analysis, Access and Word
  • Knowledge of Risk Agility FM and economic scenario generators
  • Knowledge of programming languages including Visual Basic and SQL
  • Experience with US GAAP - LDTI

Requires a Bachelor's degree or foreign equivalent in Actuarial Science, Mathematics or related field.

About Us

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.
Job ID  300000618968583
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