Senior Analyst II - 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 I/II
• Function/Department: Actuarial
• Location: Bengaluru
• Employment Type: Full time
• Reports To: Team Lead
• Role Overview: To provide meaningful, insightful, high quality and timely

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

Key Responsibilities

• Maintain Prophet model by incorporating new products, testing model and assumption changes, and ensuring alignment with modelling and local teams.
• Prepare and analyze valuation reports in accordance with US GAAP (LDTI) standards.
• Deliver experience studies and conduct impact analyses to assess the effects of changes in key assumptions.
• Ensure data integrity and accuracy through regular data validation and reconciliation activities.
• Assist in the completion of internal control procedures to ensure precise financial reporting.
• Conduct process improvement initiatives to enhance the accuracy and efficiency of deliverables.
• Maintain comprehensive documentation for all processes and audit requirements, including data, models, assumptions, and analyses, to support high-quality financial results and insights.
• Provide and Communicate LDTI and experience study results to local team in effective and timely manner.

Skills and Qualifications

• Bachelor’s or Master’s degree in Mathematics, Economics, Actuarial Science, or Statistics.
• Completion of at least 5 exams from a recognized actuarial institute, with 5 years of relevant experience.
• Deep understanding of Life and Health insurance products.
• Basic understanding of US GAAP (LDTI), pricing, and experience studies.
• Proficiency in Prophet, DCS, or similar actuarial software is desirable.
• Familiarity with IFRS 17 concepts or reporting is a strong advantage.
• Strong data analytics skills, attention to detail, and effective 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 desirable.
• 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.

Join Us : With you Chubb is better. Whether you are solving challenges on a global stage or creating innovative solutions for local markets, your contributions will help shape the future. If you value integrity, innovation, and inclusion, and are ready to make a difference, we invite you to be part of Chubb India’s journey.

Apply Now: Chubb India Career page