Senior Actuarial Consultant

Zurich is currently looking for a Senior Actuarial Consultant to join National Accounts Transactional Pricing Team.  This colleague will support the market facing underwriting teams in our Construction business unit as well as interface with the Shared Service Units such as Technical Underwriting and Finance to ensure the technical needs and analyses of the Construction business unit is properly informed of developments within the segment.
 

Through this collaborative, cross functional business partnership, the Construction field actuarial team improves the financial understanding and performance of accounts within the regions and enhances the quality of technical underwriting, decision making and risk selection. The team is instrumental in profitably growing the premium volume on both a regional and company level. This individual will primarily be responsible for supporting the field underwriting needs of the East Region for our Construction business unit with secondary responsibilities alleviating workloads for the remaining regions.

As a Senior Actuarial Consultant, you will work towards becoming the primary point of contact and resource for the East region Construction SBUs and its underwriters and underwriting managers. In this individual contributor role, you will work towards delivering account pricing support with minimal direct supervision as well as lead more complex analytical work under the supervision of more senior actuaries.  Examples of this include:

• Assist with the development of account-based technical pricing structures and leveraging profitability analysis.
• Partner with regional business leaders and underwriters on both transactional and strategic account decisions; most notably by providing actuarial calculations, including:
• Risk transfer analysis
• Large complex loss forecasts and unique rating plan structure 
• Large account collateral needs
• Renewal Rate Change
• Support and train underwriters in pricing and loss forecasting concepts, model outputs and tools.  And provide a feedback channel to ensure the issues faced by the tools users are being addressed by the tool designers.
• Assist with IT projects such as Construction WRAP database maintenance.
• Understand profit drivers on portfolio and book segments and communicate insights as needed.
• Provides leadership with recommendations on key parts of the large account book of business to help drive strategic profit and growth.
• You will develop strategic partnerships with the business segment leadership, Portfolio Managers and Underwriters. 
• Communication skills specifically as it relates to discussing technical material for non-actuaries in a clear and concise manner. 
• Help underwriters craft a story and support the new/renewal proposal with sound rationale for rate increases, term changes, coverage adjustments, etc. beyond “the model says so”. This includes researching and documenting reasons for changes from one term to another.
• Manage the demands of the various stakeholders ensuring predictable and timely completion of work. Especially important if individual is also balancing exam study time.

This is an opportunity to gain broad exposure to our various casualty lines of business, business segments and customers/prospects. You will also gain valuable underwriting insights and business knowledge working within an underwriting framework. As part of the expectations in this role as a seasoned actuarial SME, you will remain current with regulatory/market conditions to apply this knowledge in pricing solutions and recommendations.

Basic Qualifications:

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

Preferred Qualifications:

• FCAS, but at least ACAS
• Bachelor's degree in Actuarial Sciences, Mathematics, Statistics or a related field with a mathematical, statistical or numerate background
• Actuarial experience that includes a combination of reserving and pricing experience, diversified business lines that include commercial lines of business
• Project problem solving skills
• Python, R coding languages
• Understanding of Construction Project/WRAP policies
• Strong written, verbal and interpersonal communication skills

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 $130,000.00 - $213,000.00, with short-term incentive bonus eligibility set at 15%. 

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 - Boston, AM - New York, AM - Philadelphia
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
 
Linkedin Recruiter Tag: #LI-JJ1 #LI-ASSOCIATE #LI-HYBRID