Senior Actuarial Analyst/Associate Actuary
About The Position
Zurich North America is looking for a Senior Actuarial Analyst or Associate Actuary for our Captive Pricing team, ideally based out of our North American Headquarters in Schaumburg, Illinois or one of Zurich's offices nationwide. The Senior Actuarial Analyst/Associate Actuary position and the Captives Pricing Actuarial Team will support actuarial and underwriting leaders as well as be responsible for the pricing of Captive accounts. The Senior Actuarial Analyst/Associate Actuary and team will partner with Captives Underwriting teams, Line of Business Pricing, Reserving, and Data Analytics, among others, to ensure optimal outcomes for the Captives portfolio. This will include individual account pricing and portfolio performance analysis. This position reports to the VP & Actuarial Director for Captives. This role will be filled at the level of the hiring managers discretion based on years of experience and credentials. Additional Senior Actuarial Analyst/Associate Actuary responsibilities include:
Requirements
- 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
- OR
- Associate Actuary:
- Bachelor's Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area
- AND
- FCAS or equivalent international certification
- OR
- Bachelor's Degree in Mathematics/Statistics or Actuarial Sciences and 10 or more years of experience in the Actuarial area
- AND
- ACAS or equivalent international certification
Nice To Haves
- 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.
Responsibilities
- Coordinate, prepare, and perform actuarial analyses related to the pricing of individual captives.
- Develop and deliver actionable insights and associated actions for improvement for individual captives
- Support Market Facing Underwriters on pricing decisions and development of effective premium/rating structure and strategies in support of business objectives
- Perform analysis related to understanding profit drivers on portfolio and book segments and communicate insights as needed
- Analysis and assessment of underwriting and reserving methodology and approaches
- Analysis related to understanding profit drivers on portfolio segments and communicate insights as needed
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Insurance Carriers and Related Activities
Number of Employees
5,001-10,000 employees
