Chubb Life is the international life insurance division of Chubb, the world’s largest publicly traded multiline insurer. Chubb Life operates in 31 markets within Asia Pacific, Latin America, Europe and the Middle East, with premiums & deposits of approximately $3 billion, and 1,500 staff. Chubb Life offers a range of life insurance solutions offering protection, savings, accident & health, credit protection, and group employee coverages and benefits, distributed via an agency force of 100,000 agents, as well as independent agents, brokers, financial advisors, banks, digital channels and other distribution partners.

This Assistant Vice President, Valuation Actuary is part of the Global Actuarial Team, with presence in Hong Kong, Singapore, and Jersey City, that oversees in-country actuarial functions for Chubb Life businesses across Asia Pacific, Latin America, Europe and the Middle East. This position will report to Global Head of Valuation and partner closely with the company’s global leadership team as well as local and regional management teams to increase the firm’s actuarial efficiencies and capabilities. This position will contribute to a “best in class” centralized GAAP reporting capability that can manage valuation and reserving for the business globally and contribute to the development of a system that can more effectively and efficiently provide the quarterly and annual financial requirement, as well as provide insight into the drivers of financial results. In addition, the individual will have direct production responsibility of US GAAP valuation for multiple markets in Asia.

Responsibilities:

Work closely with the Head of Valuation and the Chief Actuary to develop global actuarial principles, approaches and standards for the Life segment  Oversee the integrity, timeliness, and accuracy of liability calculations used in U.S. GAAP, management reporting and forecasts Accountability for US GAAP monthly close, leading an offshore team that performs the model runs underlying quarterly US GAAP reporting Partner with local Actuarial and Finance teams to gain business insights behind valuation results and support local management in understanding US GAAP earnings  Manage processes related to experience studies and assumption setting to support accurate financial forecasts and profitable new product development Provide recommendations to senior management effectively with sound communication and presentation skills for both technical and non-technical audiences; Enable higher performance by incrementally improving approaches based on calculated risks and benefits, including benchmarking own performance against industry best practices Direct process and functional improvement initiatives, based on global best practices, in local country actuarial teams Leverage direct reports to facilitate increased collaboration across the organization A minimum designation of Associate of the Society of Actuaries, or equivalent A minimum of 10 years of actuarial experience in the life insurance industry Familiarity with financial reporting processes and reporting regimes (e.g., local, IFRS, US GAAP) and prior experience leading a valuation close process Experience with US GAAP LDTI methodology, calculations, and disclosures is a plus Experience with actuarial modeling software, preferably Prophet Interest in programming languages, i.e., Visual Basic, SQL, Python, etc.

In addition, the applicant should possess the following:

Strong interpersonal and communication skills, ability to effectively present and explain complex concepts to senior management Strong organizational skills with an ability to plan and lead various projects and resources as needed An established leader who can act as mentor to a medium size Actuarial team which is geographically and culturally diverse Dynamic and enthusiastic