Senior Actuarial Analyst or Associate Actuary

Zurich Insurance Group•Chicago, NY

12d•Hybrid

About The Position

Zurich North America is seeking a Senior Actuarial Analyst or Associate Actuary to join the Underwriting, General Liability Pricing team. This role, based in Schaumburg, Illinois, or any US office, supports Zurich’s Liability line of business and is part of the Underwriting organization. The team is responsible for delivering liability product pricing, representing over two billion dollars in annual premium for Zurich North America. The role involves close collaboration with other Actuarial teams, General Liability Product Management, and Market Facing Underwriting teams to achieve Zurich’s financial objectives.

Requirements

Basic Qualifications – 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
Basic Qualifications – Associate Actuary: Bachelors Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area AND ACAS or equivalent international certification

Nice To Haves

Experience in multiple functional areas including pricing, reserving, and capital management
Proficiency in pricing studies: rate indications, trend studies, parameter analysis
Proficiency with Pricing Tools including development, deployment, and post-implementation monitoring.
Familiarity with Computer Science, Statistics or Mathematics and experience transforming data in the business analysis area and providing explanation and inputs to IT.
Familiarity with statistical and predictive modeling techniques including but not limited to decision trees, clustering, and GLMs.
Excellent verbal and written communication skills, particularly possessing the ability to share technical results and recommendations to audiences at varying levels of analytic understanding
Experience collaborating on cross-functional team projects

Responsibilities

Detailed pricing analysis support including the development of rates, rating plans, and portfolio management strategies
Provide input and guidance to actuarial, statistical, and IT functions to support current and future pricing tools across multiple platforms.
Provide Lead support for Pricing Tools and related monitoring including working knowledge of underlying predictive models
Build new or adhere to existing governance and monitoring frameworks
Where appropriate, support “Virtuous Circle” meetings across the organization
Where appropriate, provide rate filing support including formal indications and evaluation of pricing levels
Establish and maintain excellent communication and collaboration within as well as between teams.