Actuarial Trainee

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 Analysts 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 Early Career Development Program

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.

Chubb is looking for professionals with a Bachelor’s Degree to join our Early Career Development Program.  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.

At Chubb, we have designed our Early Career Development Program to hone your skills and talents, to help you reach your career goals.  By joining the Chubb Early Career Development Program, you will be part of an experience that supports the well-rounded development of critical business skills which in turn contributes to the future success of our company. Our blended program is designed to include hands-on business assignments in a variety of disciplines, interactive classroom instruction, team assignments and direct interaction with many of our senior executives.  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.

Who are we looking for? 

Successful professionals at Chubb come from many backgrounds and experiences and bring that rich diversity with them to our company.  They also have some things in common and these attributes will lead to your success at Chubb:

• Results orientation: a demonstrated ability to meet commitments under pressure
• Practical intellectual adaptability: capable and successful at adapting to new knowledge
• Personal capacity: accepting and welcoming of additional responsibility over time
• Communication skills: an ability to communicate successfully in various settings
• Interpersonal/team skills: works effectively with colleagues at all levels
• Self-leadership: an ability to take full ownership of work and show initiative as needed
• Client focused: understanding of the needs of customers and clients
• Work ethic: a commitment to hard work and a high ethical conduct

Qualifications

• Bachelor’s degree in Math, Statistics, Economics, Finance, Actuarial Science, or a related field.
• Some knowledge of insurance concepts, practices, and procedures is desirable
• Individuals who can successfully work as part of a team, are sophisticated communicators, able to manage time effectively, and enjoy finding creative solutions to problems.
• Math and analytical skills is essential.
• A minimum of one Actuarial Exam is preferred.
• Strong GPA, 3.0 or higher required.
• MS Office experience, including Word, Excel, and Outlook
• Experience with SQL, R Studio and Python is preferred
• Oral and written communication skills, negotiation skills

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.