Chubb Insurance Company of Canada

Toronto, Ontario
This job is no longer available.

Actuarial Co-op Student

Aug 25, 2017
Competitive
Toronto, Ontario
Entry Level, Co-op, Early Career

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, 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 distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

KEY OBJECTIVE:             

The Actuarial Coop-Student will provide Actuarial Department support for the Canadian operations by performing statistical analysis, research, actuarial modelling, and additional initiatives as priorities dictate.

CO-OP OVERVIEW:

From the moment you join Chubb, you will begin the process of learning and applying a variety of actuarial skills. As an Actuarial Co-op Student, you will participate in multiple projects in coordination with the Appointed Actuary by assisting with statistical analysis and actuarial modelling while developing knowledge about the Property and Casualty Insurance industry.

MAJOR RESPONSIBILITIES:                                                                                                       

  • Perform fundamental actuarial tasks of a mathematical and quantitative nature in support of loss reserving, product pricing, capital, reinsurance;
  • Compile and categorize data, documents factors and data sources to be used in computations;
  • Perform research and produce detailed summaries and reports;
  • Assist in analyzing P&C Insurance trend drivers;
  • Continuous learning of various actuarial concepts, techniques, and procedures.

This hands-on experience will give you the opportunity to compile and categorize data as well as document and verify factors used in computations such as those for evaluating loss and expense reserves. You will gain applicable business experience and exposure to topics that include loss development factors, trends, and profitability formulas.

QUALIFICATIONS:

  • Completion of 2-3 years in a university degree program, preferably in actuarial science, statistics, mathematics, or a related field, with strong to above-average grades;
  • Successful completion of at least one examination of the Casualty Actuarial Society;
  • Superior time management skills and demonstrated ability to prioritize and  meet deadlines;
  • Ability to work with minimal supervision;
  • Excellent communication and time management/organizational skills are required;
  • Comfortable working within an independent, fast paced environment;
  • Proficiency in Excel and Access.

If you are interested in this position, please submit your cover letter, resume, and unofficial transcript to canadarecruiting@chubb.com

We would like to thank all applicants for their interest; however, please note that only those candidates selected for interviews will be contacted.

At Chubb we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job.  If you require an accommodation during the hiring process or upon hire, please inform Human Resources.  If a selected applicant requests accommodation during the recruitment process, Chubb will consult with the applicant in order to provide suitable accommodation that takes into account the applicant’s accessibility needs.