Actuarial Analyst - Reserving Transformation
About The Position
Zurich North America is hiring an Actuarial Analyst for its Actuarial Reserving Transformation team. This is a hybrid, full-time role based in the Schaumburg, Illinois office. The analyst will support actuarial transformation initiatives and help improve reserving processes through simplification, modernization, tool adoption, automation, and continuous improvement. The role also helps identify and implement Agentic AI opportunities that improve productivity, transparency, and decision support. The analyst will partner with Group transformation teams to align local business needs with enterprise capabilities, and collaborate with the BU Reporting team to modernize reporting and provide actionable business insights. Working with business stakeholders, the analyst will translate operational challenges into practical AI, automation, and reporting solutions. The proposed national salary range is $65,900 to $108,000. The position is eligible for a 10% short-term incentive bonus. Compensation may vary by location, skills, and experience.
Requirements
- Zurich Certified Insurance Apprentice, including an associate degree and two or more years of technical or insurance experience; OR a bachelor's degree with a cumulative GPA of 3.0 and no prior actuarial-area experience required.
- Successful completion of one or more actuarial exams.
Nice To Haves
- Progress toward CAS exams and commitment to pursuing ACAS and FCAS designations.
- Curiosity and enthusiasm for improving business processes through technology, automation, and AI-enabled solutions.
- Strong analytical and problem-solving skills, including the ability to work through ambiguous or evolving business requirements.
- Demonstrated interest in technology, data, automation, and AI-enabled solutions, with exposure to tools such as Python, Databricks, Power BI, Excel, SQL, or similar technologies.
- Familiarity with or interest in actuarial reserving, financial analysis, and insurance operations.
- Ability to learn new concepts quickly and translate business needs into practical solutions.
- Strong communication and collaboration skills, including the ability to work effectively across actuarial, business, and technology teams.
- Demonstrated initiative, adaptability, and willingness to take ownership of assignments in a fast-paced transformation environment.
- Exposure to actuarial reserving, projects, process improvement initiatives, or technology implementations.
Responsibilities
- Support actuarial transformation initiatives, including process simplification and modernization, Group tool adoption, automation, and continuous improvement.
- Help shape and implement Agentic AI opportunities across actuarial reserving processes to improve productivity, transparency, and decision support.
- Partner with Group transformation teams to align with enterprise capabilities while addressing local business needs.
- Collaborate with the BU Reporting team to modernize reporting capabilities, improve transparency, and deliver actionable business insights.
- Work with business stakeholders to translate operational challenges into practical AI, automation, and reporting solutions.
Benefits
- Competitive pay and comprehensive benefits for employees and their families.
- Eligibility for a 10% short-term incentive bonus.
- Potential eligibility for merit increases.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
