Actuary and CBSI Head

About Chubb

Chubb is a world leader in insurance. 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. The company is 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 employs approximately 43,000 people worldwide. Additional information can be found at: 

About Chubb India

At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow

With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape.

We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.

Position Details

• Job Title: Actuary & Senior Manager/AVP
• Function/Department: Actuarial
• Location: Bengaluru
• Employment Type: Full time
• Reports To: Actuary & CBSI Head Actuarial Life
• Role Overview: We are looking for a senior qualified actuary (or one paper short) with extensive experience in enhancing existing processes and financial reporting under US GAAP (LDTI) and IFRS17 standards. The ideal candidate will also possess expertise in maintaining and reviewing Prophet models, conducting experience studies to recommend best estimate assumptions, mentoring and coaching team members, and developing pricing models using Prophet.

Key Responsibilities

• Deliver timely and accurate valuation results for US GAAP (LDTI) and IFRS17 reporting standards 

• Analyze monthly & quarterly reserves for multiple Asia Chubb Life entities.

• Oversee the delivery of experience studies and conduct impact analyses of changes in key assumptions.

• Maintain Prophet models for new product development and regular maintenance.

• Assist in implementing internal control procedures to ensure accurate financial reporting for US GAAP (LDTI) and IFRS17.

• Ensure comprehensive documentation for each process and audit requirement, including data, models, assumptions, and analyses, to support high-quality financial results.

• Establish and manage training and development programs for team members.

• Foster a positive and engaged work environment through establishing constructive relations with various stakeholders and mentoring team members on regular basis. About Chubb

• Chubb is a world leader in insurance. 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. The company is 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 employs approximately 43,000 people worldwide. Additional information can be found at: 
•  
• About Chubb India
• At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow
•  
• With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape.
•  
• We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.
•  
• Position Details
• Job Title: Actuary & Senior Manager/AVP
• Function/Department: Actuarial
• Location: Bengaluru
• Employment Type: Full time
• Reports To: Actuary & CBSI Head Actuarial Life
• Role Overview: We are looking for a senior qualified actuary (or one paper short) with extensive experience in enhancing existing processes and financial reporting under US GAAP (LDTI) and IFRS17 standards. The ideal candidate will also possess expertise in maintaining and reviewing Prophet models, conducting experience studies to recommend best estimate assumptions, mentoring and coaching team members, and developing pricing models using Prophet.
• Key Responsibilities

• Deliver timely and accurate valuation results for US GAAP (LDTI) and IFRS17 reporting standards 

• Analyze monthly & quarterly reserves for multiple Asia Chubb Life entities.

• Oversee the delivery of experience studies and conduct impact analyses of changes in key assumptions.

• Maintain Prophet models for new product development and regular maintenance.

• Assist in implementing internal control procedures to ensure accurate financial reporting for US GAAP (LDTI) and IFRS17.

• Ensure comprehensive documentation for each process and audit requirement, including data, models, assumptions, and analyses, to support high-quality financial results.

• Establish and manage training and development programs for team members.

• Foster a positive and engaged work environment through establishing constructive relations with various stakeholders and mentoring team members on regular basis. 

Skills and Qualifications

• Qualified actuary with over 12 years of experience from a recognized actuarial institute.

• Proven experience in actuarial financial reporting with a focus on IFRS17 and USGAAP (LDTI) standards.
• Experience with IFRS17 transformation projects will be a big plus.

• Pricing experience across various life insurance products.

• Advanced proficiency in Prophet or similar actuarial software.

• Strong data analytics skills, attention to detail, and problem-solving abilities.

• Proven management expertise in building, leading, mentoring, and developing a professional team.

• Excellent interpersonal skills with the ability to cultivate constructive relationships with stakeholders at both regional and global levels.

• Effective project management skills with a track record of meeting deadlines.

• Familiarity with R, Python, or VBA is advantageous.

• Proficient in the MS Office suite.

• Bachelor's or Master's degree in Mathematics, Actuarial Science or Statistics.

Why Chubb?

Join Chubb to be part of a leading global insurance company

Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results.

• Industry leader: Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence
• A Great Place to work: Chubb India has been recognized as a Great Place to Work for the years and

• Laser focus on excellence: At Chubb we pride ourselves on our culture of greatness where excellence is a mindset and a way of being. We constantly seek new and innovative ways to excel at work and deliver outstanding results

• Start-Up Culture: Embracing the spirit of a start-up, our focus on speed and agility enables us to respond swiftly to market requirements, while a culture of ownership empowers employees to drive results that matter

• Growth and success: As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience, enabling them to advance their careers in a conducive environment

Employee Benefits

Our company offers a comprehensive benefits package designed to support our employees' health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work environment. Our benefits include:

• Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances

• Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs.

• Health and Welfare Benefits: We care about our employees' well-being in and out of work and have benefits like Hybrid Work Environment, Employee Assistance Program (EAP), Yearly Free Health campaigns and comprehensive Insurance benefits.