BOP AVP & Actuary

Join Chubb's Commercial Insurance Actuarial team as an Assistant Vice President & Actuary, focused on our rapidly growing Businessowners Policy (BOP) product. This is a unique opportunity to shape the future of a high-impact, technology-driven insurance product, handled via straight through processing. The role is in our Whitehouse Station, NJ office (with some flexibility in location) reporting to the VP & Actuary for Rating Systems, Modernization, and Strategy in CI Actuarial.

Duties and Responsibilities:

Collaborate with BOP underwriting leads, GDP teams, and NA Analytics to execute filing strategy and implementation, ensuring alignment with business objectives and regulatory requirements.

Work closely with predictive analytics, catastrophe modeling, IT, Product Services, Business Analysts, and third-party data providers to maintain, enhance, and implement pricing algorithms, support data-driven decision making, and evaluate new data sources for modeling and underwriting.

Facilitate the rollout and ongoing support of new and more sophisticated pricing models (e.g., BOP by-peril rating, new GL models), including model development, state filings, system implementation, and technical validation such as scenario testing and dislocation analysis.

Manage a direct team of two, including setting priorities, overseeing workloads, supporting training and development, and promoting technical skills development (e.g., SQL, R, Python, actuarial concepts) and successful completion of actuarial exams.

Coordinate quarterly portfolio reviews and lead the annual profitability study for the BOP product, leveraging granular analysis across coverage, industry segment, broker distribution, and geography, and incorporating changes in catastrophe modeling approaches.

Deliver and orchestrate reporting tasks, including rate monitoring, recurring analyses, and supporting monthly, quarterly, and annual reporting requirements for the BOP portfolio.

Engage with business leaders to proactively identify issues, review pricing adequacy, devise strategies to bring rates to adequacy while supporting growth initiatives, and communicate clear, actionable recommendations to support portfolio management and profitable growth.

Support the rating platform modernization strategy and objectives. Actively contribute to department transformation efforts by propagating learnings and best practices from digital initiatives.

Act as subject matter expert in supporting relevant work tied to reserve studies, reinsurance data calls, strategic steering committees, and other ad hoc Actuarial initiatives.

Provide and oversee production support for rating implementation defects for the BOP policy administration system.

Identify and address foundational data gaps through data exploration and reconciliation across multiple sources and collaborate with relevant teams to prioritize and close these gaps. Qualifications

Bachelor's degree or higher in Mathematics, Actuarial Science, Statistics, Finance, Economics, or a related quantitative field.

8+ years of actuarial pricing or reserving experience, direct experience with ISO BOP is preferable but not required.

ACAS or FCAS certification preferred, or equivalent industry qualifications. Alternative relevant credentials will be considered.

Advanced proficiency in Excel, SQL, R, and/or Python is preferred.

Demonstrated leadership potential; previous managerial or supervisory experience is beneficial but not required.

Excellent analytical, problem-solving, and organizational skills.

Ability to manage multiple competing deliverables and thrive in a fast-paced, fluid environment.

Strong collaboration skills, with the ability to work effectively across multi-disciplinary teams.

Exceptional interpersonal and communication skills, with the ability to provide clear and concise verbal and written communications to stakeholders at all levels.

The pay range for the role is $146,000 to $200,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

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.