Senior Analyst – Actuarial Life Valuation

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, 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 defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

About Chubb India

At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work® for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow

With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape.

We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.

Position Details

• Job Title : Senior Analyst – Actuarial Life Valuation
• Function/Department : Actuarial
• Location : Bengaluru
• Employment Type : Full time
• Reports To : Team Lead
• Role Overview: To provide meaningful, insightful, high quality and timely

1. USGAAP (LDTI) and Experience studies actuarial reports and recommendations to actuarial business units for various Chubb Life entities.

Key Responsibilities

• Oversee the implementation of USGAAP (LDTI) across one or more Asia markets.
• Prepare and review valuation reports in accordance with USGAAP (LDTI) standards.
• Deliver experience studies and conduct impact analyses of changes in key assumptions.
• Maintain Prophet models, incorporating new products and analyzing/reconciling cash flows with excel models.
• Provide accurate and timely financial reports to management and stakeholders.
• Assist in the implementation of internal control procedures to ensure precise financial reporting.
• Maintain comprehensive documentation for each process and audit requirement, including data, models, assumptions, and analyses, to support the delivery of high-quality financial results and insights.

Skills and Qualifications

• Bachelor’s or Master’s degree in Mathematics, Actuarial Science or Statistics.
• 4-6 exams from recognized actuarial institute and 3-5 years of relevant experience.
• In-depth knowledge of USGAAP (LDTI), Pricing and Experience studies.
• Proficiency in Prophet, or similar Actuarial software is highly desirable.
• Experience with IFRS17 implementation or reporting is a big plus.
• Strong data analytics skills, attention to detail, and problem-solving abilities.
• Excellent communication and interpersonal skills, with the ability to manage multiple projects and meet deadlines.
• Prior experience with R or Python is must.
• Proficiency in MS Excel and other office applications.

Why Chubb?

Join Chubb to be part of a leading global insurance company!

Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results.

• Industry leader: Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence
• A Great Place to work: Chubb India has been recognized as a Great Place to Work® for the years 2023-2024 and 2024-2025
• Laser focus on excellence : At Chubb we pride ourselves on our culture of greatness where excellence is a mindset and a way of being. We constantly seek new and innovative ways to excel at work and deliver outstanding results
• Start-Up Culture : Embracing the spirit of a start-up, our focus on speed and agility enables us to respond swiftly to market requirements, while a culture of ownership empowers employees to drive results that matter
• Growth and success : As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience, enabling them to advance their careers in a conducive environment

Employee Benefits: Our company offers a comprehensive benefits package designed to support our employees’ health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work environment. Our benefits include:

• Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances
• Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs.
• Health and Welfare Benefits: We care about our employees’ well-being in and out of work and have benefits like Hybrid Work Environment, Employee Assistance Program (EAP), Yearly Free Health campaigns and comprehensive Insurance benefits.