Senior Actuarial Analyst or Associate Actuary

About the role

Zurich North America is currently looking for a Senior Actuarial Analyst or Associate Actuary based out of our North American Headquarters in Schaumburg, Illinois or any US office. This role supports Zurich’s Liability line of business and is a part of the Underwriting organization. The Underwriting, General Liability Pricing team is responsible for delivering the liability product pricing representing over two billion dollars of premium annually for Zurich North America. The General Liability Pricing Team works closely with other Actuarial teams as well as General Liability Product Management and Market Facing Underwriting teams to support achievement of Zurich’s financial objectives.

Responsibilities

• Provide detailed pricing analysis support including the development of rates, rating plans, and portfolio management strategies
• Provide input and guidance to actuarial, statistical, and IT functions to support current and future pricing tools across multiple platforms
• Provide Lead support for Pricing Tools and related monitoring including working knowledge of underlying predictive models
• Build new or adhere to existing governance and monitoring frameworks
• Where appropriate, support “Virtuous Circle” meetings across the organization
• Where appropriate, provide rate filing support including formal indications and evaluation of pricing levels
• Establish and maintain excellent communication and collaboration within as well as between teams

Requirements

Senior Actuarial Analyst

• Zurich Certified Insurance Apprentice, including Associates Degree OR
• Bachelors Degree AND successful completion of 5 or more actuarial exams (applicable to FCAS designation or equivalent international certification) with 2 or more years of experience in the Actuarial area OR
• Successful completion of 3 or more actuarial exams (applicable to FCAS designation or equivalent international certification) with 3 or more years of experience in the Actuarial area

Associate Actuary

• Bachelors Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area AND
• ACAS or equivalent international certification

Preferred Qualifications

• Experience in multiple functional areas including pricing, reserving, and capital management
• Proficiency in pricing studies: rate indications, trend studies, parameter analysis
• Proficiency with Pricing Tools including development, deployment, and post-implementation monitoring
• Familiarity with Computer Science, Statistics or Mathematics and experience transforming data in the business analysis area and providing explanation and inputs to IT
• Familiarity with statistical and predictive modeling techniques including but not limited to decision trees, clustering, and GLMs
• Excellent verbal and written communication skills, particularly possessing the ability to share technical results and recommendations to audiences at varying levels of analytic understanding
• Experience collaborating on cross-functional team projects

Pay

The combined salary range for this position is $87,200.00 - $188,700.00. The proposed salary range for the Associate Actuary is $87,200.00 - $142,700.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Senior Actuarial Analyst is $115,200.00 - $188,700.00, with short-term incentive bonus eligibility set at 15%.