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For Companies At a Glance
- Tasks: Manage and develop the capital model, ensuring accurate data updates and insightful analysis.
- Company: Join Chubb, a leading global insurance provider known for innovation and excellence.
- Benefits: Enjoy flexible working options, competitive salary, and opportunities for professional growth.
- Why this job: Be part of a high-profile team with direct access to senior management and impactful insights.
- Qualifications: Five years of actuarial experience, with a focus on capital modeling and strong communication skills.
- Other info: Fluency in French is a bonus; collaboration with international teams enhances your experience.
The predicted salary is between 43200 - 72000 £ per year.
This role involves responsibilities for the operation, development, and use of the capital model within Chubb in Europe. The successful candidate will oversee the daily running of the internal model, including quarterly data updates, model modifications, output analysis, and documentation of results. The potential applications of the model are actively being explored. The individual in this role is expected to creatively investigate these opportunities. The insights derived from the capital team are highly valued across the organization, making this a high-profile position with access to senior management in Europe and globally. The role requires a highly creative, self-motivated individual who can identify ways to add value. The European capital team operates within the Risk Function, providing exposure to all organizational areas. Unlike typical actuarial roles, there is an equal focus on both sides of the balance sheet, including investment, claims, underwriting, and other risks.
Key Responsibilities
- Operation of the model: Understand the technical workings of the capital model and coordinate with other departments to ensure accurate, complete, and appropriate calibration. Set up, run, and extract results from the model; ensure output accuracy and provide both quantitative and qualitative reports.
- Development of the model: Recognize the model's limitations and work within the change process to address and prioritize these, including future areas for study.
- Risk Management Use: Integrate the internal model into the Risk Management Framework to measure emerging risks and assess risk appetite. Continue developing this integration and seek future opportunities to embed the model into a coherent risk strategy.
- Wider Model Use: Respond to use requests and identify areas for future application.
- Collaboration: Work with the off-site team in Chubb Business Services India to maximize resource efficiency.
Qualifications
- Ideally five years of actuarial experience, including at least three years in capital modeling.
- Experience with assets (e.g., investment risk, treasury, accounting) is advantageous.
- Familiarity with Igloo software is preferred but not required.
- Qualified actuary.
- Strong communication skills are essential; fluency in English is required. Fluency in French is considered a plus.
Capital Actuary employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Capital Actuary
✨Tip Number 1
Familiarise yourself with the specific capital model used at Chubb. Understanding its technical workings and how it integrates with risk management will give you a significant edge during discussions with the interviewers.
✨Tip Number 2
Network with current or former employees in similar roles, especially those who have worked with the capital team. They can provide insights into the company culture and expectations, which can be invaluable during your interview.
✨Tip Number 3
Prepare to discuss your experience with both sides of the balance sheet. Highlight any relevant projects where you've integrated investment, claims, and underwriting risks, as this role requires a balanced understanding of these areas.
✨Tip Number 4
Showcase your creativity and problem-solving skills by thinking of innovative ways the capital model could be applied within the organisation. Be ready to present these ideas during your interview to demonstrate your proactive approach.
We think you need these skills to ace Capital Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Capital Actuary at Chubb. Highlight your relevant experience in capital modeling and risk management in your application.
Tailor Your CV: Customise your CV to reflect your actuarial experience, particularly focusing on capital modeling and any relevant projects. Emphasise your technical skills and any familiarity with tools like Igloo software.
Craft a Compelling Cover Letter: Write a cover letter that showcases your creativity and self-motivation. Discuss how you can add value to the capital team and mention specific examples of past work that align with the job description.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. Ensure that your communication is clear and professional, as strong communication skills are essential for this role.
How to prepare for a job interview at Chubb
✨Understand the Capital Model
Make sure you have a solid grasp of how the capital model works. Be prepared to discuss its technical aspects and how it integrates with other departments. This will show your potential employer that you can coordinate effectively and ensure accurate calibration.
✨Showcase Your Creativity
Since this role requires a highly creative individual, think of examples where you've identified opportunities for improvement or innovation in previous roles. Be ready to share these insights during the interview to demonstrate your ability to add value.
✨Highlight Collaboration Skills
Collaboration is key in this position, especially with teams in different locations. Prepare examples of how you've successfully worked with others, particularly in cross-functional settings, to maximise resource efficiency and achieve common goals.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating complex ideas clearly and concisely. If you speak French, mention it, as it could give you an edge. Being able to communicate well with senior management is crucial.
