Director & Actuary (Finance)
JOB DESCRIPTION
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
- 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
- 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)
- 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.
ABOUT US
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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