Chubb · 1 month ago
BOP AVP & Actuary
Whitehouse Station, NJ
Full-time
Onsite
Senior Level, Lead/Staff
$146K/yr - $200K/yr
8+ years expChubb is a world leader in insurance, providing a diverse range of insurance products and services. The Assistant Vice President & Actuary will focus on the Businessowners Policy (BOP) product, collaborating with various teams to enhance pricing algorithms and support data-driven decision making while managing a direct team and overseeing multiple responsibilities related to pricing models and portfolio management.
Commercial InsuranceFinancial ServicesHealth InsuranceInsuranceMortgageRisk Management
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
Qualification
Required
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
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
Preferred
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
Benefits
Discretionary annual incentive program
Comprehensive benefits package
Company
Chubb
Chubb is a mortgage firm that offers risk management, property, health, personal, business, health, home, and life insurance.
10001+ employees
H1B Sponsorship
Chubb has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$10.25BKey Investors
Berkshire Hathaway
2025-08-04Post Ipo Debt· $1.25B
2024-07-29Post Ipo Debt· $1.3B
2024-05-15Post Ipo Equity· $6.7B
Leadership Team
Annmarie Dugan Hagan
CFO Operations Technology & Transformation Chubb Group
John Keogh
President & Chief Operating Officer
Recent News
Media OutReach Newswire
2026-01-22
Beinsure - Insurance, Reinsurance, InsurTech Insights
2026-01-14
2026-01-08
Company data provided by crunchbase