Chubb

The Vice President, Data Science position will be responsible to develop best in class actuarial rating plans, including associated data analytics capabilities, across all commercial product lines and divisions. This leader will have analytics staff and the actuarial rating externalization lead as direct reports and will collaborate closely with the North America Actuarial commercial lines pricing teams and Global Data Analytics team to provide technical and thought leadership to deliver end-to-end commercial rating solutions. This role will also establish rating architecture to unify technical core rating by line of business, establish standards and pricing governance for proprietary extensions and modifications to the core rating by product, and collaborate with IT to deploy externalized rating infrastructure. The role is based in our Whitehouse, NJ office with a dual reporting relationship to the North America Chief Actuary, and the North America Head of Data Science.

Delivery

• Lead the delivery of commercial lines rating projects across lines of business, providing technical leadership to analytics direct reports and closely partnering with pricing actuaries on broader rating plan updates.
• Ensures technical excellence in rating delivery and alignment with business strategy.
• Instill appropriate combination of analytical expertise and subject matter expertise in refining rating plan structure. Consider internal and external data, competitor plans, internal product expertise and market signals in the pricing process.

Governance

• Leads and directs rating plan reviews across product portfolio.
• Implement actuarial rating plan standards, best practices, and guidelines.
• Develop appropriate governance of these standards (e.g., rating challenge/audit and peer review, compliance, and documentation, etc.).
• Work with actuarial line of business communities of practice to develop rating plan improvement strategies, including standard tools and platforms.

Implementation 

• Coordinate all rating externalization efforts, providing rating as a service to underwriting platforms.
• Instill continuous improvement culture for software and operational models for rating implementation, being knowledgeable of available platform, rating engine, and rules engine alternatives.
• Collaborate with various stakeholders including IT, Product Services, and Business Analysts to update, maintain, and document the implementation of our rating algorithms.
• Coordinate with IT on budget, requirements, and project prioritization.
• Work with business unit actuaries to provide documentation for actuarial rate filings as needed.
• BS Degree or higher in Mathematics, Actuarial Science, Statistics, Finance, or a related field.
• 10+ years of commercial lines actuarial technical pricing, modeling, and data science expertise with expert knowledge of an extensive range of commercial insurance products
• Credentialed actuary; FCAS preferred.
• Proficiency in Excel and other programming languages and tools, such as SQL / R / Python / FOCUS / RADAR along with a keenness for data (collection, manipulation, report design, sensibility checks, and attention to detail) and IT systems implementation.
• Experienced with usage of Git version control and implementing coding best practices.
• Prior managerial or supervisory experience with capability to develop team members for success and enforce accountability.
• Pro-active agent of change with excellent analytical and problem-solving skills.
• Strong organizational skills: ability to prioritize multiple competing deliverables and manage time effectively to meet scheduled due dates.
• Strong collaboration skills: ability to work closely with other disciplines and influence outcomes.
• Excellent interpersonal and communication skills; ability to provide clear and concise verbal and written communications regarding analyses and observations to non-actuarial business partners and leaders.
• Desire to work in a fast-paced, fluid environment.

The pay range for the role is $128,500 to $215,000. 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.

Chubb is the world’s largest publicly traded property and casualty insurer. 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.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.