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Life Regional Reserving Actuary in Miami, FL at Chubb Group of Insurance Companies

Date Posted: 9/14/2018

Job Snapshot

Job Description

KEY OBJECTIVE

The position will be responsible for estimating and monitoring loss, expense and dividend reserves for the short duration LIFE business of Chubb Latin America



MAJOR DUTIES & RESPONSIBILITIES

  • Perform quarterly loss reserve reviews – includes estimating prior and current accident year ultimates /ultimate loss ratios, UCER/ULAE, EBNR
  • Produce of all quarterly reserve documentation in agreement of actuarial standards and SOX internal requirements
  • Monitor and verify monthly reserve changes as recorded in the P&L.
  • Monitor actual versus expected loss emergence - monthly
  • Input, monitor and verification of loss ratio inputs as recorded in the forecast P&L.
  • Design, create and maintain “actuarial” book for loss ratio and claims development monitoring
  • Discuss with pricing actuaries their estimates of the prospective accident year loss ratios as required in the annual planning process and during the year at each reserve review
  • Communicate and interact with personnel in underwriting, claims and finance areas in the various countries as needed


REQUIREMENTS 

  • 5+ years of experience in reserving and pricing for LIFE and/or A&H products in USA or Latin America insurance markets.
    • actuaries/practitioners with P&C experience are encouraged to apply
  • Degree in Mathematics, Actuarial Sciences or related fields.
  • Proficient in Excel and MS Office, knowledge of ResQ or other reserving software ideal
  • Good communication skills (written and oral); capable to influence in decisions; and a good “problem solving” attitude.
  • Spanish and English skills are required

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