Actuarial Assistant/Student - Valuation

Chubb Chicago , IL 60631

Posted 6 months ago

Combined Insurance, is seeking an Actuarial Assistant / Actuarial Student to join our fast-paced, high energy, growing company. For nearly 100 years in the insurance industry, our company has been passionate about serving our customers and providing them peace of mind and protection when they need it the most. Come build your career here, along with other positive, hard-working, talented professionalsjust like you!

JOB SUMMARY:

The Actuarial Assistant will help calculate and report life and health reserves on a US Statutory/US GAAP/ basis. Populate quarterly and annual exhibits, including management reports and the actuarial exhibits in the NAIC blue book.

RESPONSIBILITIES:

Assist with calculating reserve liabilities. Gain experience with modeling and verifying actuarial software output. Use Microsoft Excel and Access to relay results to management, auditors, and regulators. Perform ad-hoc analysis as needed. Study and make progress toward attaining SOA credentials.

SKILLS/EXPERIENCE:

  • Actively pursuing Actuarial designation and has made progress towards the ASA designation

  • 2 years of experience in the Life and Health Insurance Industry

  • Capability with Microsoft Excel/Access/Word

  • Exposure to SQL Server and actuarial software a plus

  • Practical knowledge of life insurance / A&H liabilities and the income statement / balance sheet

COMPETENCIES:

  • Communication candidate must professionally interact with peers and supervisors on a verbal and written basis

  • Reliability candidate must understand and handle deadlines appropriately

  • Observant candidate should recognize and communicate when calculated results are neither reasonable nor consistent with prior periods

  • Relational candidate can determine the expected financial impact due to changes in actuarial model inputs, and if the magnitude and direction of impacts are sensible

EDUCATION: Bachelor's Degree in Actuarial Science, Mathematics, Economics, Statistics or other related degrees

OUR BENEFITS:

As a Combined corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. Our Company is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees:

Health insurance

Dental insurance

Tuition reimbursement

A company-match 401(k) plan

Disability insurance

Life insurance

Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance is a leading provider of individual supplemental accident, disability, health and life insurance products. With a field sales force and corporate staff in excess of 5,000 people worldwide, Combined Insurance meets the growing coverage needs of policyholders around the globe. We pride ourselves on being customer-centric, people-driven, accountable, performance-minded, and ethical. We invest in our employees and take the time to focus on their development, needs and career aspirations.

Our parent company is one of the world's largest multiline property and casualty insurers. With operations in 54 countries, the Company provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

Connect with us on Twitter, Facebook, LinkedIn, and Google


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Actuarial Assistant/Student - Valuation

Chubb