Zurich 56 Company Ltd
Senior Actuarial Analyst/Associate Actuary
Zurich 56 Company Ltd, Chicago, Illinois, United States, 60290
Senior Actuarial Analyst/Associate Actuary
Zurich North America is looking for a Senior Actuarial Analyst or Associate Actuary for our Captive Pricing team, ideally based out of our North American Headquarters in Schaumburg, Illinois or one of Zurich’s offices nationwide.
The Senior Actuarial Analyst/Associate Actuary position and the Captives Pricing Actuarial Team will support actuarial and underwriting leaders as well as be responsible for the pricing of Captive accounts. The Senior Actuarial Analyst/Associate Actuary and team will partner with Captives Underwriting teams, Line of Business Pricing, Reserving, and Data Analytics, among others, to ensure optimal outcomes for the Captives portfolio. This will include individual account pricing and portfolio performance analysis. This position reports to the VP & Actuarial Director for Captives.
This role will be filled at the level of the hiring manager's discretion based on years of experience and credentials.
Additional Responsibilities:
Coordinate, prepare, and perform actuarial analyses related to the pricing of individual captives.
Develop and deliver actionable insights and associated actions for improvement for individual captives.
Support Market Facing Underwriters on pricing decisions and development of effective premium/rating structure and strategies in support of business objectives.
Perform analysis related to understanding profit drivers on portfolio and book segments and communicate insights as needed.
Analysis and assessment of underwriting and reserving methodology and approaches.
Analysis related to understanding profit drivers on portfolio segments and communicate insights as needed.
Basic Qualifications:
Zurich Certified Insurance Apprentice, including Associates Degree OR
Bachelor's Degree AND
Successful completion of 5 or more actuarial exams (applicable to FCAS designation or equivalent international certification) with 2 or more years of experience in the Actuarial area OR
Successful completion of 3 or more actuarial exams (applicable to FCAS designation or equivalent international certification) with 3 or more years of experience in the Actuarial area
Associate Actuary:
Bachelor’s Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area AND
FCAS or equivalent international certification OR
Bachelor’s Degree in Mathematics/Statistics or Actuarial Sciences and 10 or more years of experience in the Actuarial area AND
ACAS or equivalent international certification
Preferred Qualifications:
Commercial Property & Casualty insurance experience
History of successful, solution-oriented collaboration across actuarial and multi-functional teams
Advanced communication and interpersonal skills
Ability to interact effectively with individuals within and outside the organization
Ability to interact effectively with individuals at various levels of the organization
Ability to interact effectively with individuals with technical and non-technical backgrounds
Highly proficient with Microsoft Office Suite including Excel
Experience with SQL, R, and VBA
Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews
Knowledge of Actuarial Technique and Standards.
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 click here . 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 compensation 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 $74,300.00 - $161,000.00. The proposed salary range for the Associate Actuary is $74,300.00 - $121,700.00, with short-term incentive bonus eligibility set at 10%.The proposed salary range for the Senior Actuarial Analystis $98,300.00 - $161,000.00, with short-term incentive bonus eligibility set at 15%.
As an insurance company, Zurich is subject to 18 U.S. Code § 1033.
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 click here to learn more.
Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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 - Overland Park, AM - Schaumburg Remote Working: Hybrid Schedule: Full Time Employment Sponsorship Offered: No Linkedin Recruiter Tag: #LI-JJ1 #LI-HYBRID #LI-ASSOCIATE
#J-18808-Ljbffr
The Senior Actuarial Analyst/Associate Actuary position and the Captives Pricing Actuarial Team will support actuarial and underwriting leaders as well as be responsible for the pricing of Captive accounts. The Senior Actuarial Analyst/Associate Actuary and team will partner with Captives Underwriting teams, Line of Business Pricing, Reserving, and Data Analytics, among others, to ensure optimal outcomes for the Captives portfolio. This will include individual account pricing and portfolio performance analysis. This position reports to the VP & Actuarial Director for Captives.
This role will be filled at the level of the hiring manager's discretion based on years of experience and credentials.
Additional Responsibilities:
Coordinate, prepare, and perform actuarial analyses related to the pricing of individual captives.
Develop and deliver actionable insights and associated actions for improvement for individual captives.
Support Market Facing Underwriters on pricing decisions and development of effective premium/rating structure and strategies in support of business objectives.
Perform analysis related to understanding profit drivers on portfolio and book segments and communicate insights as needed.
Analysis and assessment of underwriting and reserving methodology and approaches.
Analysis related to understanding profit drivers on portfolio segments and communicate insights as needed.
Basic Qualifications:
Zurich Certified Insurance Apprentice, including Associates Degree OR
Bachelor's Degree AND
Successful completion of 5 or more actuarial exams (applicable to FCAS designation or equivalent international certification) with 2 or more years of experience in the Actuarial area OR
Successful completion of 3 or more actuarial exams (applicable to FCAS designation or equivalent international certification) with 3 or more years of experience in the Actuarial area
Associate Actuary:
Bachelor’s Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area AND
FCAS or equivalent international certification OR
Bachelor’s Degree in Mathematics/Statistics or Actuarial Sciences and 10 or more years of experience in the Actuarial area AND
ACAS or equivalent international certification
Preferred Qualifications:
Commercial Property & Casualty insurance experience
History of successful, solution-oriented collaboration across actuarial and multi-functional teams
Advanced communication and interpersonal skills
Ability to interact effectively with individuals within and outside the organization
Ability to interact effectively with individuals at various levels of the organization
Ability to interact effectively with individuals with technical and non-technical backgrounds
Highly proficient with Microsoft Office Suite including Excel
Experience with SQL, R, and VBA
Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews
Knowledge of Actuarial Technique and Standards.
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 click here . 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 compensation 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 $74,300.00 - $161,000.00. The proposed salary range for the Associate Actuary is $74,300.00 - $121,700.00, with short-term incentive bonus eligibility set at 10%.The proposed salary range for the Senior Actuarial Analystis $98,300.00 - $161,000.00, with short-term incentive bonus eligibility set at 15%.
As an insurance company, Zurich is subject to 18 U.S. Code § 1033.
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 click here to learn more.
Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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 - Overland Park, AM - Schaumburg Remote Working: Hybrid Schedule: Full Time Employment Sponsorship Offered: No Linkedin Recruiter Tag: #LI-JJ1 #LI-HYBRID #LI-ASSOCIATE
#J-18808-Ljbffr