Combined Insurance Careers

Assistant Actuary - Accident & Health Pricing

Chicago, Illinois

Job Description

Combined Insurance, a Chubb Company is seeking an Assistant Actuary, ASA, to join our fast-paced, high energy, and growing company. For nearly 100 years in the insurance industry, our company has been passionate about serving our customers and providing them peace of mind and protection when they need it the most. Come build your career here, along with other positive, hard-working, talented professionals—just like you!
Coordinates, prepares and performs actuarial tasks of a mathematical and quantitative nature in support of product pricing, experience analysis, reserving, modelling or rate filings.   Compiles, categorizes and interprets data, documents factors and data sources used in computations. Determines appropriate Actuarial assumptions. Calculates premiums or reserves for new or existing products. May perform research, experience studies or other statistical analyses. May sign Actuarial Memorandums or Opinions. Prepares appropriate governance documentation. Interprets regulations impacting the business.  Monitors product experience and recommends appropriate corrective action. Understands complex actuarial concepts, techniques and procedures.  Has an in depth understanding of company operations, systems and actuarial methodologies. Uses and programs necessary software (e.g. MSOffice, SQL, GGY Axis) based on the task.  Represents Actuarial points of view on corporate projects.  Has frequent contact with other areas of the company.  Builds solid working relationships throughout the company.   Communicates in writing or via phone with Departments of Insurance, auditors, actuarial consultants, legal representatives or industry trade associations.  May supervise one or more individuals.


·        Bachelors Degree preferably in Actuarial Science, Mathematics, or Statistics

·        Obtained an Associate of the Society of Actuaries (ASA) and MAAA designation

·        5 or more years of experience with supplemental accident and health products

·        Data centric; uses technology to enable solutions

·        Demonstrated experience with asset share models, experience analysis, product development and pricing

·        Understands and applies complex actuarial principles to evaluate insurance risk and business impacts

·        Ability to work independently and lead Actuarial work efforts

·        Excellent written and verbal communication skills, including ability to explain complex issues or results in a logical manner

·        Ability to identify, prioritize and manage the tasks necessary to meet department and corporate goals

·        Ability to coach and develop less experienced staff

·        Supplemental benefit products for captive agent or worksite/voluntary channels

·        ASA, MAAA required



Bachelor’s Degree in Actuarial Science, Mathematics, Economics, Statistics or other related degrees


As a Combined corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. Our Company is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees: 

·        Health insurance

·        Dental insurance

·        Tuition reimbursement

·        A company-match 401(k) plan

·        Disability insurance

·        Life insurance

·        Employee referral bonuses



Combined Insurance is a leading provider of individual supplemental accident, disability, health and life insurance products. With a field sales force and corporate staff in excess of 5,000 people worldwide, Combined Insurance meets the growing coverage needs of policyholders around the globe. We pride ourselves on being customer-centric, people-driven, accountable, performance-minded, and ethical. We invest in our employees and take the time to focus on their development, needs and career aspirations.


Our parent company is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, the Company provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

Connect with us on Twitter, Facebook, LinkedIn, and Google+

Travel - No
Job Posting - Nov 2, 2018, 1:03:23 PM