SME II - Actuarial Model Validation

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 :  .

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 :  SME I / SME II - Actuarial Model Validation
• Function / Department :  Actuarial
• Location :  Bengaluru
• Employment Type :  Full-time
• Reports To :  Actuary and CBSI Head - Actuarial Pricing and Capital
• Role Overview :   Perform model validation of internal capital models

Key Responsibilities

This position is for a model validation specialist to be a of the Chubb Global team for Model Risk and Validation. Model validation primarily involves validation of models used to measure capital requirements for Group and various subsidiaries. Our work combines annual review of model changes and model results for various subsidiaries subject to Solvency II or the Swiss regulatory solvency test, and topical validation topics which are of interest to Chubb management and our supervisory authorities including financial regulators and Lloyd's. We may also validate models outside of capital modeling in response to demand that may arise.

Validation actuaries' primary focus is to understand and challenge the actuarial and economic methods and assumptions used in models, and to validate other areas including governance, data quality, documentation and the understanding & compliance of model teams with regulatory standards. It involves decomposing methods from first principles, identifying underlying assumptions either by reference to the literature and / or by inventive thinking.

The position relies heavily on the excellent communication skills of team members, not least because of the diversity of team members' geographical locations. Our team members have great visibility, taking responsibility and credit for their work to the maximum extent possible with internal and occasionally external audiences, including financial supervisory authorities and Lloyd's.

Skills and Qualifications

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.

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 :