Actuarial Trainee

Chubb

  • Philadelphia, PA
  • $77,000-92,000 per year
  • Permanent
  • Full-time
  • 15 days ago
Job Description:As an Actuarial Trainee with Chubb, the trainee will help evaluate business opportunities in a given market by analyzing data to identify the potential profitability and possible pitfalls. Armed with this data, trainees advise top management on ways to balance the anticipated with the unexpected. Typically, our actuaries base their analysis on the demand the business may create, the price required to deliver a reasonable rate of return, and the potential effect of claims on the company's profitability. As the trainee's career progresses at Chubb, projects will include extensive statistical analysis, pricing, loss reserving, research, forecasting, and predictive analytics.Actuarial Trainees are primarily located in Philadelphia, PA and Whitehouse Station, NJ. The position combines on-the-job learning with seminars and formal training, rotational opportunity, and time off to study for the Casualty Actuarial Society's series of exams.About Chubb's Associate ProgramBy joining the Chubb Associate Program, you will be part of a cohort of top early career talent with bachelor's degrees who will participate in a robust, comprehensive technical and experiential learning journey. Our two year program is designed to accelerate your development, enhance your network, support you in reaching your career goals and enable you to contribute to the future success of Chubb. This is a permanent full-time position and a compelling opportunity to join a global, growing, financially stable and successful company. As the industry leader, Chubb is an employer of choice for students aspiring to develop a meaningful career in a fast-paced, diverse company with offices in most major US cities.As part of this program you will receive:
  • Business training unique to a career at Chubb;
  • Technical training to deepen your skill level within your chosen discipline; and an understanding of our broader industry;
  • Interpersonal effectiveness training to help you gain strong communication and interactive skills;
Access to additional training to compliment your professional development.You, along with your program peers, form a unique community of achievers who we believe will become the future leaders of Chubb.Qualifications:
  • Bachelor's degree required (Mathematics, Statistics, Economics, Finance, Actuarial Science, or a related field)
  • Strong GPA preferred (3.0 minimum)
  • Minimum of one Actuarial Exam is required
  • Working knowledge of Microsoft Office products, specifically Excel and Access
  • Experience with R, SQL, and Python preferred
  • Solid analytical and problem solving skills
The pay range for the role is $77,000 to $92,000. 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 . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.About Us: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.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.

Chubb