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 energetic 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 excellent 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 Essential Skills Proven experience in general actuarial fields within the insurance industry preferably Property and Casualty insurance Excellent analytical and problem-solving skills Strong written and verbal communication skills with experience preparing reports and presentations for various audiences Preferred Skills A strong enthusiasm for the intellectual and business opportunities that validation provides Experience in insurance risk capital modelling is an added advantage R experience is helpful and willingness to learn this approach is required Education Bachelor s degree in Mathematics Statistics Actuarial Science Finance or a related field Master s degree Qualified Nearly Qualified Actuary CFA similar professional qualification with relevant experience is preferred Experience A minimum of five years in Property and Casualty insurance 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 Outstanding 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

📌 Sme Ii - Actuarial Model Validation (Karnataka)
🏢 Combined Insurance
📍 Karnataka