Sr. Actuarial Analyst or Actuarial Analyst

Zurich North America looking for a Sr. Actuarial Consultant or Actuarial Consultant to join our Portfolio Analytics Team out of our North American Headquarters in Schaumburg, Illinois. While the Schaumburg location is ideal, we are open to candidates working out of our offices in Chicago, IL; New York City, New York; Overland Park, Kansas; or Omaha, Nebraska. In this hybrid role, we are offering the flexibility to work both in the office and remotely. You will collaborate with your manager to set a schedule that supports you, your customers, and the team.

 

The Portfolio Analytics Team leads the process to deliver the annual Country Underwriting Plan (CUP), which provides the forward-looking profitability assessment needed to align on strategy and underwriting actions. CUP will also inform the financial plan and Tiering Plans that deliver insight across the ZNA portfolio. The Tiering Plans leverage signals at the line of business level for each account, enabling underwriters to execute their strategy and support the delivery of the financial plan through renewal rate and retention targets.

 

In this role you will collaborate across multiple areas of the company including Finance, Business Units, and Group Pricing. Analysis may include scenario testing to quantify the impact to the underwriting plan from alternative business strategies. Additionally, you must have the ability to consult with both actuaries and non-actuaries to understand needs and resolve business issues. Finally, this critical role presents a significant opportunity to deepen knowledge of the property & casualty insurance industry and products, as the team supports all of Zurich North America.

 

This position will be filled at either the Sr. Actuarial Consultant or Actuarial Consultant. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.

 

Basic Qualifications:
 

Actuarial Consultant:

 

• 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

 

Senior Actuarial Consultant:

 

• 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:

 

• Experience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner
• Strong verbal and written communication skills
• Experience with Azure, Alteryx, R, and/or SQL, and PowerBI
• Ability to explain technical analysis results to non-technical audiences
• Experience collaborating on cross-functional team projects.

 

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, Click here. Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be c