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Zurich NA Actuary - Commercial Auto Team Lead in Schaumburg, Illinois

Actuary - Commercial Auto Team Lead


Zurich North America is currently looking for an Actuarial Team Lead team to work out of our award winning North American headquarters in Schaumburg, Illinois.

The role is an AVP, Actuary I and Team Lead for the Commercial Auto team within the Actuarial Technical Execution Team, which is responsible for Reserve Reviews, the annual Strategic Business Review and Financial Plan.

The Team Lead will be responsible for assisting manager in managing workflow of team assignments, providing feedback on team member performance, and ensuring team members receive needed training to perform their job. This role is also responsible for managing the reserve review process for the department.

Technical Execution supports the reserving process by conducting reserving studies as well as the annual Strategic Business Review and Financial Plan. You will use your insurance knowledge and analytical skills to perform analyses to support our Underwriters, Managers, Finance, and Field Actuaries. Your analysis will support a breadth of projects, including reserve reviews and increasing the organization’s efficiency, effectiveness and technical capabilities.

The AVP, Actuary I and Team Lead will be responsible for:

  • Completing analysis in support of Reserving analysis and Strategic Business Review and reserving analyses

  • Becoming technical expert for Commercial Auto analysis for Reserve Reviews and Strategic Business Review

  • Projecting ultimate losses

  • Historical and forward looking loss ratio reviews

  • Supporting the financial close process

  • Supporting Financial Plan and Forecast through selection of loss ratio components and related assumptions, and inputting assumptions into Planning Model (BPC)

  • Preparing data in support of Rate Monitor and PATH (Pricing Activity Tracking Hub)

  • Supporting senior management in developing reserving strategies

  • Representing Reserving in the Commercial Auto Virtuous Circle

  • Providing support for all other requests including deep dive support, quantifying Underwriting actions, and ad-hoc requests

Basic Qualifications:

  • Bachelor Degree and 8 or more years of experience in the Actuarial areaAND

  • ACAS

Preferred Qualifications:

  • FCAS

  • Bachelor degree in Actuarial Sciences, Mathematics, Statistics or a related field with a mathematical, statistical or numerate background

  • Experience in multiple functional areas (pricing, reserving, capital management) and in multiple business units

  • Actuarial experience that includes a combination of reserving and pricing experience, diversified business lines that include commercial lines of business

  • Project management skills

  • Strong written, verbal and interpersonal communication skills

Imagine working for a company that truly cares about their employees, customers, stakeholders, and communities they serve.

Imagine working for a values-driven organization that has the ambition and desire to be the best global insurance provider in the world.

Zurich is that place where 55,000 employees across approximately 200 countries and territories are all focused on helping people and helping companies protect what is truly most important to them. We are a values-driven organization that takes pride in the work that we do every day and we have the ambition to be the best global insurer in the world.

EOE disability/vets

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.

Primary Location: United States-Illinois-Schaumburg

Schedule Full-time

Travel Yes, 5 % of the Time

Relocation Available Yes

Job Posting 04/08/19

Unposting Date Ongoing

Req ID: 18000A3D

It is the Policy of Zurich in North America, as an equal opportunity employer, to attract and retain the best-qualified individuals available, without regard to race/ethnicity, color, religion, gender expression, genetic information, national origin, sex, gender identity, sexual orientation, marital status, age, disability or protected veteran status.