Zurich NA Actuary - Pricing Modernization in Schaumburg, Illinois

Actuary - Pricing Modernization


Job Summary

Zurich North America is looking for an Actuary to help drivePricing Modernization in our North American headquarters in Schaumburg,Illinois. This critical role requires someone with outstanding problemsolving skills, the ability to drive intellectual innovation, and the abilityto communicate across the enterprise.

Additional responsibilities include:

  • Directsupport and involvement in building out the simplified pricing solution

  • Partnerwith IT, Business Analysts, and Pricing Actuaries

  • InstructBusiness Analysts in the translation of rating/pricing logic for IT programmers

  • Guideand support Pricing Actuaries through the steps required to prepare existingrating/pricing tools for Guidewire conversion

  • Gather Underwriter feedback to ensure the underwriting experience is incorporated into model functionality and outputs

  • Provide pre-inception analysis for each Guidewire release

  • Gatherrating and pricing artifacts (i.e., all product rating and pricing rules andalgorithms, countrywide and state exceptions)

  • Mapcurrent state rating and pricing algorithms and recommend modifications toalign with guiding principles of pricing simplification

  • Educate and support Actuarial SMEs throughout theirparticipation on each release.

Job Qualifications

Basic Qualifications:

  • Bachelor’s Degree inMathematics/Statistics or Actuarial Sciences and 5 or more years of experiencein the Actuarial area


  • ACAS


  • FCAS

  • Technicalknowledge and skills reflective of a practitioner who has progressed withinactuarial positions of increasing responsibility

  • Experiencein multiple functional areas (pricing, reserving, capital management) and inmultiple business units

  • Experiencewith developing processes and best practices

  • Experiencewith Guidewire

Additional Information

Imagine working for a company thattruly cares about their employees, customers, stakeholders, and communitiesthey serve. Imagine working for a values-driven organization that has theambition and desire to be the best global insurance provider in the world.Zurich is that place where 55,000 employees across approximately 200 countriesand territories are all focused on helping people and helping companies protectwhat is truly most important to them. We are a values-driven organization thattakes pride in the work that we do every day and we have the ambition to be thebest global insurer in the world.

EOE disability/vets

Zurich does not accept unsolicitedresumes from search firms or employment agencies. Any unsolicited resume willbecome the property of Zurich American Insurance. If you are a preferredvendor, 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 09/13/18

Unposting Date Ongoing

Req ID: 180007I0

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.