Zurich NA Jobs

AVP & Actuary or Actuary

119748

Zurich North America is currently looking for an AVP & Actuary or Actuary to join our Middle Market and E&S Reserving team. Our preference is for the position to be based in our Schaumburg, IL office, with consideration for individuals who may be based out of another Zurich North America office location or remote.

In this role, you will be responsible for supporting the E&S Business Unit in the following:

• Provide the Company with reasonable and insightful actuarial estimates of IFRS 17 reserves

• Assist actuarial and other stakeholders through reserve study deep dives and ad hoc analysis

• Coordinate and develop expected loss ratios (reserving view) at the Technical Virtuous Circle meetings

• Communicate results and study insights to Business Unit and Finance leadership

• Support the monthly and quarterly financial close and ensure reserves are appropriatlely booked

• Complete ground-up and top-down planning/forecasting IFRS17 loss ratios

• Support BU Virtuous Circle and AvE meetings

• Establish and maintain excellent communication and collaboration within as well as between teams

• Assists in the training of less experienced personnel.

This role will be filled at either the Senior or AVP Level. 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:

Actuary:

• Zurich Certified Insurance Apprentice, including Associates DegreeOR

• Bachelors DegreeAND

• 5 or more years of experience in the Actuarial area plus FCAS or equivalent international certificationOR

• 10 or more years of experience in the Actuarial area plus ACAS or equivalent international certification

OR

AVP & Actuary:

• Zurich Certified Insurance Apprentice, including Associates DegreeOR

• Bachelors DegreeAND

• 8 or more years of experience in the Actuarial area plus FCAS or equivalent international certificationOR

• 13 or more years of experience in the Actuarial area plus ACAS or equivalent international certification

Preferred Qualifications:

• FCAS

• Prior commercial lines reserving experience

• Experience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner

• Excellent verbal and written communication skills, particularly possessing the ability to share technical results and recommendations to audiences at varying levels of analytic understanding

• Strong understanding of IFRS17

• Solid project management and organizational skills to work on multiple priorities

• Experience with mentoring colleagues and peers

• Experience with Microsoft Office suite and knowledge of statistical analysis software

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 clickhere (https://www.zurichna.com/careers/benefits) . 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 salary 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 combined salary range for this position is $127,400.00-$239,800.00.The proposed salary range for the Actuary is $127,400.00 - $208,600.00, with short-term incentive bonus eligibility set at 15%. Forthe AVP & Actuary is$146,500.00 -$239,800.00,with short-term incentive bonus eligibility set at 20%.

As an insurance company, Zurich is subject to 18 U.S. Code § 1033.

As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( https://www.zurichna.com/careers/faq ).

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 clickhere (https://www.zurichna.com/careers) to learn more.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet

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 - Remote Work (US)

Remote Working: Yes

Schedule: Full Time

Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-JM1 #LI-DIRECTOR #LI-HYBRID