Senior Analyst I

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:  Analyst / Senior Analyst I  - Actuarial Pricing
• Function/Department: Actuarial
• Location: Bangalore, India
• Employment Type: Full-time
• Role Overview – North America Small Commercial Pricing

Role Overview:

Join a dynamic and growing team supporting the North America Small Commercial Insurance business. 

We are seeking a motivated Actuarial Analyst/Senior Actuarial Analyst with 3-5 years of experience in Python and strong understanding of the Insurance business. The ideal candidate is a self-learner, a collaborative team player, and passionate about leveraging data to drive business outcomes.

Key Responsibilities:

• Collaborate with the onshore Actuarial team to develop and implement rater algorithms for Small Commercial Insurance using Python.
• Conduct UAT (User Acceptance Testing) by analyzing discrepancies, identifying root causes, and recommending corrections to rater algorithms.
• Explore, understand and improve the rating algorithms in Small Commercial Insurance pricing
• Utilize agile software development methodologies to iteratively enhance systems and processes.
• Address and resolve onshore ad-hoc requests independently with minimal supervision.
• Advocate for best practices in model development and foster a culture of continuous learning within the team.

Skills and Qualifications:

• Excellent problem-solving skills with the ability to tackle complex data challenges creatively.
• Two to five years of pricing experience in Property and Casualty insurance
• Proficiency in Python and data exploration
• Solid understanding of actuarial principles, methodologies, and the insurance or finance industry.
• Strong attention to detail and a commitment to ensuring data accuracy and quality.
• Effective communication skills, with the ability to present complex information clearly to both technical and non-technical stakeholders.

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.