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Chubb Business Services India Private Limited

Senior Analyst I - Actuarial Pricing Modernization

6-10 Years
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  • Posted 25 days ago
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Job Description

Job Description

In this role, you will collaborate closely with line actuaries to construct rating models in Radar software based on rating manuals or spreadsheets.

You will be responsible for validating Radar premiums against the database, ensuring accuracy and consistency. Additionally, you will conduct scenario testing on the model to assess potential changes to rates, providing valuable insights to support decision-making processes. Proficiency in running prefabricated queries is required, with the ability to make small relevant changes when needed. Additionally, the candidate should be able to create new queries for ad-hoc requests. The role will involve contributing and coordinating with both onshore and offshore teams, so excellent communication skills are essential.

Qualifications

  • 6+ years of experience in actuarial or pension roles, demonstrating a strong foundation in these areas.
  • Familiarity with General Insurance principles and practices is preferred.
  • Proficiency in programming languages such as SQL, R, and Python, enabling efficient data manipulation and analysis.
  • Strong MS Excel skills are required, and additional knowledge in VBA/Excel macros will be advantageous for data handling and automation.
  • A background in actuarial papers is a plus.
  • 1 or 2 years of experience specifically using WTW Radar will be highly beneficial, indicating familiarity with the platform and its functionalities.

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About Company

Why Chubb Business Services India
Here are some reasons to join us:
• You will be joining a group of diverse and driven professionals trained to succeed in today’s insurance landscape.
• We provide the opportunity to cultivate a robust career; we accommodate your growth and development even as we expect you to make meaningful contributions to our company.
• We offer competitive compensation and benefit programs. We pride ourselves in being a meritocratic company that rewards the best talent.
• We seek to create an inclusive environment where employees of different cultures and backgrounds can thrive.

Our company and culture
Chubb Business Services India focuses on building strong capability in the areas related to technology, CAT modeling, risk management, actuarial services and advanced analytics. The culture we would like to establish would align with the core principles of the organization as outlined below with the desire to transform and grow together.

Our culture reflects a commitment to craftsmanship and as craftspeople, we adhere to certain ideals:

• A Can-Do Attitude – we are optimistic about our future and we have an enthusiasm to serve our customers and business partners with utmost speed and energy. We approach our work with passion – people want to live their lives with meaning. We have a shared vision to build something great – to serve society and leave the world a little better place because we’ve been here.
• Excellence in All We Do – we hold ourselves to exacting standards of technical proficiency. Customers can count on us to pay claims fairly and quickly. Agents and brokers can rely on us for attention to detail and help them build their businesses
• Constant Improvement – we are a learning organization. We are constantly searching for ways to improve our craft. We relentlessly pursue data-driven insights to drive better, smarter decision-making – our portfolio management efforts, for example.
• Global Reach and Local Expertise – we apply our craft locally all around the world. We appreciate differences in culture, history and geography. And this enables us to adapt accordingly to best serve diverse customers, markets and distribution.

Job ID: 107280141

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Bengaluru, India

Skills:

Ms ExcelSqlPythonRVBA Excel macrosRadar suite softwarerating algorithms