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Zurich NA AVP & Actuary, Group Captives in Schaumburg, Illinois

AVP & Actuary, Group Captives


Zurich North America is currently looking for an AVP & Actuary to join our National Accounts organization supporting Group Captives pricing based at our North American Headquarters in Schaumburg, Illinois. While this position will be based out of our Schaumburg Headquarters, 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 AVP & Actuary, Group Captives, will support the Market Facing Underwriting Teams portfolio efforts spearheaded by business leadership, as well as interface with the Shared Service Units such as Technical Underwriting and Finance to ensure the technical needs and analyses of Group Captives are properly informed of developments within the segment.

Our team of actuaries work in a collaborative, cross functional partnerships with the aim of improving the underwriting insights and financial performance of the book of business. In this role, you will work to enhance the technical pricing, decision making, and risk selection of the Group Captives Field Underwriting Team.

Additional responsibilities include:

  • Support Underwriters in pricing and loss forecasting concepts, model outputs and tools, and provide a feedback channel to ensure the issues faced by the tool users are being addressed by the tool designers

  • Understand profit drivers on portfolio and book segments and communicate insights as needed

  • Use developed communication and leadership skills to bring actuarial concepts regularly into discussions and to a be a part of strategic decisions regarding profit and growth

  • Assist Underwriters craft a story and support the new/renewal proposal with sound rationale for rate increases, term changes, coverage adjustments, etc. beyond “the model says so.” This includes researching and documenting reasons for changes from one term to another

  • Manage the demands of the various stakeholders ensuring predictable and timely completion of work, including but not limited to pulling/manipulating loss and exposure data, developing loss selections, participating in the determination of collateral need, testing of risk transfer, etc.

  • Assist to plan, coordinate, execute and interpret results for management reporting and business decision-making purposes

  • Support delivery of the annual profitability review and planning process for Group Captives

This is an opportunity to gain broad exposure into our National Accounts Group Captives teams, segments, and customers. You will also gain valuable underwriting insights and business knowledge working within an underwriting framework.

Basic Qualifications:

  • Zurich Certified Insurance Apprentice, including Associates DegreeOR

  • Bachelor’s 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:

  • Previous actuarial experience with Group Captives

  • Experience partnering with Market Facing Underwriters on technical pricing, decision making, and risk selection

  • Ability to explain technical analysis results to technical as well as non-technical audiences

  • Experience collaborating on cross-functional team projects

  • Strong verbal and written communication skills

  • Experience with Microsoft Excel and/or knowledge of statistical analysis software.

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

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: Yes

Linkedin Recruiter Tag: #LI-MF1 #LI-ASSOCIATE #LI-HYBRID