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Zurich NA Senior Actuarial Analyst II in Schaumburg, Illinois

Senior Actuarial Analyst II

96839

Zurich is currently looking for a Senior Actuarial Analyst to join the National Accounts Transactional Pricing Team based out of Zurich’s North American Headquarters in Schaumburg, Illinois, or another Zurich North American office location. This colleague will support the market facing underwriting teams in our National Account business units as well as interface with the Shared Service Units such as Technical Underwriting and Finance to ensure the technical needs and analyses of our business unit partners are properly informed of developments within the segment.

Through this collaborative, cross functional business partnership, the National Accounts Pricing team improves the financial understanding and performance of accounts within the regions and enhances the quality of technical underwriting, decision making and risk selection. The team is instrumental in profitably growing the premium volume on both a regional and company level.

As a member of the Transactional Pricing Team, you will assist other team members as a resource for the underwriters and underwriting managers of the National Accounts business units. This would primarily be Large Casualty & Construction SBUs. In this individual contributor role, you will work towards delivering account pricing support with minimal direct supervision as well as lead more complex analytical work under the supervision of more senior actuaries. Examples of this include:

  • Assist with the development of account-based technical pricing structures and leveraging profitability analysis

  • Partner with regional business leaders and underwriters on both transactional and strategic account decisions; most notably by providing actuarial calculations, including:

  • Risk transfer analysis

  • Large complex loss forecasts and unique rating plan structure

  • Large account collateral needs

  • Renewal Rate Change

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

  • Participate in internal audits and occasional meetings with brokers, outside actuarial consultants, and/or client customer.

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

  • Provides leadership with recommendations on key parts of the large account book of business to help drive strategic profit and growth.

  • You will develop strategic partnerships with the business segment leadership, Portfolio Managers and Underwriters.

  • Communication skills specifically as it relates to discussing technical material for non-actuaries in a clear and concise manner. This colleague will help 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”.

  • Provide technical and quantitative support for complex actuarial model building in particular the development and transition to a new pricing tool for large accounts/captives.

  • Manage the demands of the various stakeholders ensuring predictable and timely completion of work. Especially important if individual is also balancing exam study time.

This is an opportunity to gain broad exposure to our various casualty lines of business, business segments and customers/prospects. You will also gain valuable underwriting insights and business knowledge working within an underwriting framework. As part of the expectations in this role as a seasoned actuarial SME, you will remain current with regulatory/market conditions to apply this knowledge in pricing solutions and recommendations.

Basic Qualifications:

  • 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

Preferred:

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

  • Strong verbal and written communication skills

As a condition of employment at Zurich, employees must adhere to our COVID-related health and safety protocols ( https://www.zurichna.com/careers/faq ), including, without limitation, a requirement that employees attest as to their vaccination status with a YES/NO, and upload proof of vaccination status, or a negative COVID test result when applicable, to a third-party vendor. These protocols are continuously re-evaluated and the requirements may change at any time.

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 - Chicago, AM - Schaumburg

Remote Working: Hybrid

Schedule: Full Time

Linkedin Recruiter Tag: #LI-JJ1 #LI-REMOTE #LI-HYBRID

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