Director & Actuary

Job Summary :

The Director and Actuary is responsible for providing actuarial support for financial reporting, forecasting, and planning processes for health insurance products. This role involves improving reserving processes, supporting new product development, and ensuring compliance with US GAAP and Statutory financial reporting requirements.

Key Responsibilities :

Provide actuarial support for US financial reporting requirements and other local reporting needs

Assist in forecasting, planning, and long-term planning processes for North America and international business channels

Support Actuarial Opinions and Memorandums in the U.S. and fulfill qualification and CPD requirements

Assist with 10Q and 10K reporting requirements and SOX controls

Report to the Chief Actuaries for Combined and Chubb COG

Improve reserving processes for efficiency and consistency in reporting

Develop a controlled process for financial reporting and system implementation / conversions

Develop quarterly Reserve review documentation and present to senior management

Provide actuarial support for new product development and portfolio management

Conduct ad hoc analysis as required

Key Competencies :

Strong knowledge of US GAAP, Statutory, and Tax regulations

Excellent analytical skills and ability to communicate results clearly

Strong understanding of the actuarial control environment

Ability to manage multiple priorities and stakeholders effectively

Proficiency in Moody’s AXIS software

Leadership skills with the ability to manage and develop staff

Accreditation :

Bachelor’s degree in Finance, Actuarial Science, Mathematics, Statistics, or a related technical discipline

10+ years of insurance industry experience specifically related to US GAAP and statutory financial reporting

Fellow of the Society of Actuaries (FSA) and Member of the American Academy of Actuaries (MAAA)

US qualified to sign as an Appointed Actuary (back up to AA)

Additional Information :

The role involves managing a budget of approximately $3 billion

Supervises a team of 3 professional level employees

Requires frequent internal and external communication with high complexity

The pay range for the role is $105,000 to $179,700. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

OUR BENEFITS

As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here . Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees :

Health insurance

Dental insurance

Tuition reimbursement

A company-match 401(k) plan

Disability insurance

Life insurance

Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, with satellite office in Columbia, SC, Combined is celebrating over 100 years in business. We are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2023 (over $1 billion revenue category), marking Combined's twelfth consecutive year on the Top 10 list. We pride ourselves on approaching all situations with a Positive Mental Attitude (PMA) and encouraging collaboration.

ABOUT CHUBB

Chubb is a world leader in insurance. With operations in 54 countries, 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 distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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