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Senior Actuarial Analyst II, Business Unit Reserving - Middle Market


Zurich North America is currently looking for a Senior Actuarial Analyst II to join our Business Unit Reserving Team based out of our North American Headquarters in Schaumburg, Illinois.  We are also open to considering talent in New York City, Milwaukee and Madison. While this position will be based out of our North American Headquarters in Schaumburg, New York City, Milwaukee and Madison we are offering the flexibility to work both in the office and remotely.   You will collaborate with your manager to set a schedule that supports you, our customers and the team.


As a part of the BU Reserving team, you will partner with ZNA’s U.S. Middle Markets business, responsible for partnering with business unit leadership on reserving matters including syndicating quarterly results and identifying trends within the portfolio. The BU Reserving team leads the quarterly ZNA Reserve Committee, and this role will be instrumental in recommending and communicating quarterly reserve changes. Additionally, the BU Reserving Team collaborates with the LOB Reserving Team to complete quarterly reserve reviews as well as the monthly financial close.


In this role you will use your insurance knowledge, portfolio insight, and analytical skills to perform and influence analysis to support senior business leaders, finance, and actuarial colleagues across the organization. Your analysis will support an array of projects, including:


  • Collaborating with LOB Reserving to assist with quarterly reserving reviews
  • Implementation and communication of IFRS17 accounting standards
  • Supporting quarterly Pre-Close and Close Reserve Committee meetings
  • Delivering timely and accurate monthly financial close
  • Syndicating quarterly results to senior management
  • Collaborating with Actuarial Center of Excellence to align on Expected Loss Ratios, Country Underwriting Plan, Strategic Business Review and Financial Plan


Basic Qualifications:


  • Zurich Certified Insurance Apprentice, including Associates Degree
  • Bachelor’s Degree
  • 5 or more years of experience in the Actuarial area plus FCAS or equivalent international certification
  • 10 or more years of experience in the Actuarial area plus ACAS or equivalent international certification

Preferred Qualifications:


  • Experience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner
  • Actuarial experience that includes a combination of reserving and pricing experience, diversified business lines that include commercial lines of business
  • Strong verbal and written communication skills
  • Ability to communicate with technical and non-technical staff effectively
  • Team Lead and/or mentoring experience
  • Project management skills

As a condition of employment at Zurich, employees must adhere to our COVID-related health and safety protocols (, including, without limitation, a requirement that employees attest as to their vaccination status with a YES/NO, and upload proof of vaccination status, or negative COVID test results when allowable, to a third-party vendor. These are continuously re-evaluated and the requirements may change at any time.  
A future with Zurich. What can go right when you apply at Zurich?


Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.
As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet 
Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission. 
Location(s): AM - Schaumburg, AM - Madison, AM - Milwaukee, AM - New York
Remote Working: No
Schedule: Full Time
Linkedin Recruiter Tag: #LI-MF1 #LI-HYBRID 

Nearest Major Market: Chicago

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