Capital Actuary
This role involves responsibilities for the operation, development, and use of the capital model within Chubb in Europe. The successful candidate will oversee the daily running of the internal model, including quarterly data updates, model modifications, output analysis, and documentation of results.
The potential applications of the model are actively being explored. The individual in this role is expected to creatively investigate these opportunities. The insights derived from the capital team are highly valued across the organization, making this a high-profile position with access to senior management in Europe and globally. The role requires a highly creative, self-motivated individual who can identify ways to add value.
The European capital team operates within the Risk Function, providing exposure to all organizational areas. Unlike typical actuarial roles, there is an equal focus on both sides of the balance sheet, including investment, claims, underwriting, and other risks.
Key Responsibilities
1. Operation of the model:
2. Understand the technical workings of the capital model and coordinate with other departments to ensure accurate, complete, and appropriate calibration.
3. Set up, run, and extract results from the model; ensure output accuracy and provide both quantitative and qualitative reports.
4. Development of the model:
5. Recognize the model's limitations and work within the change process to address and prioritize these, including future areas for study.
6. Risk Management Use:
7. Integrate the internal model into the Risk Management Framework to measure emerging risks and assess risk appetite. Continue developing this integration and seek future opportunities to embed the model into a coherent risk strategy.
8. Wider Model Use:
9. Respond to use requests and identify areas for future application.
10. Collaboration:
11. Work with the off-site team in Chubb Business Services India to maximize resource efficiency.
Qualifications
* Ideally five years of actuarial experience, including at least three years in capital modeling. Experience with assets (e.g., investment risk, treasury, accounting) is advantageous. Familiarity with Igloo software is preferred but not required.
* Qualified actuary
* Strong communication skills are essential; fluency in English is required. Fluency in French is considered a plus.
#J-18808-Ljbffr