Actuarial or Senior Actuarial Analyst

Zurich North America is currently looking for an Actuary (Actuarial or Senior Actuarial Analyst level) to join our Specialties BU Reserving team. This role is a hybrid in-office role in Schaumburg, Chicago, New York, or Toronto.

In this role, you will be responsible for the following:

• Conduct quarterly premium & loss reserve analyses to make recommendations for quarterly financial results including IFRS 17 components of discount and risk adjustment.  
• Assist in the preparation of materials for quarterly reserve governance committee.
• Ensure loss reserves and IFRS 17 components are appropriately reflected in the financial close.
• Perform loss ratio planning & forecasting including IFRS 17 elements.
• Collaborate regularly with Underwriting, Claims, Finance, and Pricing to develop insights on trends and emerging issues on the insurance portfolios.
• Engage and seek alignment with Pricing colleagues on forward looking loss ratios.
• Communicate reserve recommendations with financial impacts along with insights derived from reserving work to management within Actuarial, Finance, and Underwriting.

This role will be filled at either the Actuarial Analyst or Senior Actuarial Analyst Level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.

Basic Qualification:
 

Actuarial Analyst:

• Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experience
  OR
• Bachelors Degree with 3.0 cumulative GPA and No prior experience required in the Actuarial area
  AND
• Successful completion of one or more actuarial exams

OR

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

Preferred Qualifications:

• Commercial Property & Casualty insurance experience
• Middle Market/Multi-line experience
• History of successful, solution-oriented collaboration across actuarial and multi-functional teams
• Advanced communication and interpersonal skills
• Ability to interact effectively with individuals within and outside the organization
• Ability to interact effectively with individuals at various levels of the organization
• Ability to interact effectively with individuals with technical and non-technical backgrounds
• Highly proficient with Microsoft Office Suite including Excel
• Experience with SQL, R, and VBA
• Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews
• Knowledge of Actuarial Technique and Standards.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg, AM - Chicago, AM - New York, CA - Toronto - 100 King
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
 
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