Senior Actuarial Analyst

Zurich North America is hiring an Senior Actuarial Analyst to join our team! We are open to hiring talent in one of the following locations: Schaumburg, Chicago, NYC or Toronto.

Purpose:

Acts in an actuarial capacity while in pursuit of an actuarial qualification, performing duties which are of a mathematical and/ or financial nature, in order to provide highly accurate data analyses recommendations for use by Actuaries, typically in the evaluation of loss reserves or the pricing of business. Train less experienced personnel

Key Accountabilities:

• Supports reserving, portfolio profitability analysis, reinsurance analysis, or market-facing business units in support of business objectives.
• Coordinate, prepare, and perform actuarial analyses including loss and premium projections, consultations on actuarial models, or capital modeling.
• Support Finance, market-facing business units, Claims, Risk, Capital Management, and other functions on reserving and make recommendations towards strategic business decisions.
• Support loss reserve calculations for general insurance business under various bases.
• Ensure that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
• Supports the pricing of new/renewal business, make recommendations for developing effective pricing/rating structures and developing effective rating and pricing/rating structures and develop strategies in support of business objectives.
• Provide support for management of profit margins on new and renewal business, and the monitoring of portfolio performance.
• Coordinate, prepare and perform actuarial analyses including trend analyses, reinsurance analyses and analyses of loss and expense reserves, as it relates to pricing adequacy and strategic direction.
• Provide consultation and technical expertise on actuarial models and risk issues, make recommendations in support of Market Facing and Product Underwriting on pricing decisions.
• Prepare premium rate filings, schedules of statistics/statistical analyses, and financial statements.
• Assist in the design, testing and maintenance of pricing models and tools.
• Assists in calculation of actuarial reserves and new business value reporting, capital and solvency monitoring, preparation of input data for internal capital modeling calculations, planning, profitability and experience analyses for defined segments of life insurance business. • Implement minor actuarial cash flow model developments with considerable support and guidance.
• Assists in the development, running and testing of pricing models.
• Deconstruct and analyze competitor products and inputs to the design of new and revised products.
• Support the development of product business cases including the calculation of key profitability metrics.
• Review aspects of the emerging business experience as part of the actuarial control cycle and make recommendations in this regard.
• Review the wider proposition and technical aspects of the sales process, including illustrations, sales tools, terms & conditions etc., and make recommendations in this regard.
• Business Travel, as required
• Extended Hours during Peak Periods, as required
• Pass Applicable Actuarial Exams, as required
• Regular Predictable Attendance

Basic Qualifications:

• 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
  
  

At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The compensation indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The proposed salary range for this position is $74,300.00 - $121,700.00, with short-term incentive bonus eligibility set at 10%. 

As an insurance company, Zurich is subject to 18 U.S. Code § 1033.

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.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. 

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 - Chicago, AM - New York, CA - Toronto - 100 King
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
 
Linkedin Recruiter Tag: #LI-JM1 #LI-ASSOCIATE #LI-HYBRID