Officer 2 - Pricing

Job description

Support the development and enhancement of products through product analysis, documentation preparation, and effective coordination with relevant stakeholders. Assist in pricing activities by preparing and maintaining accurate data and pricing models, ensuring all documents and regulatory filings are fully compliant with OIC requirements and Chubb standards of practice. Help prepare product materials, conduct profit testing, and support UAT activities for both new product launches and revamps of existing products.

Coordinate with cross-functional teams including Actuarial, Product, Operations, IT, and Distribution to support product launches and deliver ongoing projects on time. Manage OIC related responsibilities including tracking and monitoring product renewals, staying up to date with new regulations, and preparing required information and submissions as directed by the OIC. Perform ad-hoc analysis, reporting, and administrative tasks to support the broader product development and pricing function.

Proactively build knowledge across product, pricing, and regulatory domains while fostering a positive and collaborative team environment.

Qualifications

Education & Experience

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, Business, or a related field 0–2 years of experience in insurance, actuarial, product development, or pricing.

Basic understanding of insurance products and pricing concepts is an advantage

• Proficient in Microsoft Excel; knowledge of VBA, SQL, or R is a plus
• Strong attention to detail with the ability to work accurately with data, models, and documentation Good analytical and problem-solving skills with a willingness to learn Effective communicator with the ability to work well in a team environment

Technical Competencies

Applies actuarial pricing principles to support product development, rate reviews, and portfolio profitability analysis. Uses statistical and analytical methods to assess loss trends, claims experience, and pricing adequacy. Prepares and validates pricing models, assumptions, and data inputs with accuracy and attention to detail. Interprets business and market data to provide clear recommendations for pricing decisions.

Works effectively with underwriting, product, and finance teams to ensure pricing aligns with business objectives and risk appetite. Behavioral Competencies Demonstrates strong analytical thinking and sound judgment when evaluating pricing issues and business impacts. Communicates clearly and professionally with internal stakeholders to explain findings and recommendations. Shows accountability, accuracy, and attention to detail in delivering work on time.

Collaborates effectively across teams to support pricing decisions and business objectives. Adapts well to changing priorities and responds constructively to feedback and new requirements.