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Zurich Insurance · 3 weeks ago

AVP & Actuary, Workers Compensation Pricing

Schaumburg, IL

Full-time

Hybrid

Senior Level, Lead/Staff

$150K/yr - $245K/yr

8+ years exp

Zurich North America is seeking an AVP & Actuary for their Workers Compensation Pricing team. This role involves delivering pricing analysis and collaborating with various teams to support Zurich's financial objectives in the Workers Compensation line of business.

Financial ServicesInsuranceProductivity Tools

Comp. & Benefits

No H1B

Responsibilities

Assist the Workers Compensation Line of Business Pricing Team across numerous scheduled, business-as-usual, and ad-hoc projects

Deliver pricing analysis support including the development of rates, rating plans, and portfolio management strategies

Deliver analyses on several key pricing parameter updates including trend analysis, loss development factors, and expense assumptions

Work across actuarial, statistical, and IT functions to support current and future pricing tools across multiple platforms

Provide support for and acquire in-depth knowledge of pricing tools and related monitoring including working knowledge of underlying predictive models

Where appropriate, support 'Virtuous Circle' meetings across the organization

Where appropriate, provide rate filing support including formal indications and evaluation of pricing levels

Establish and maintain excellent communication and collaboration within as well as between teams

Qualification

FCAS certificationActuarial experiencePricing analysisPredictive modelingDatabricksPythonRSQLStatistical analysisCommunicationCollaboration skillsMentoring experienceTime management

Required

Zurich Certified Insurance Apprentice, including Associates Degree OR

Bachelors Degree AND

8 or more years of experience in the Actuarial area plus FCAS or equivalent international certification OR

13 or more years of experience in the Actuarial area plus ACAS or equivalent international certification

Preferred

Experience in multiple functional areas including pricing, reserving, and capital management

Prior Commercial Lines pricing experience with an emphasis on Workers' Compensation

Proficiency in pricing studies: rate indications, trend studies, parameter analysis

Proficiency with Pricing Tools including development, deployment, and post-implementation monitoring

Familiarity with Computer Science, Statistics or Mathematics and experience transforming data in the business analysis area and providing explanation and inputs to IT

Familiarity with statistical and predictive modeling techniques

Experience with Databricks, Python, R, and/or SQL

Excellent verbal and written communication skills, particularly possessing the ability to share technical results and recommendations to audiences at varying levels of analytic understanding

Experience collaborating on cross-functional team projects

Experience with mentoring colleagues or peers

Experience with time-management around multiple workstreams

Benefits

Short-term incentive bonus eligibility set at 20%

Competitive pay and comprehensive benefits for employees and their families

Company

Zurich Insurance

Glassdoor4.2

Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 75 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns.

Founded in 1872

Zürich, Zurich, CHE

10001+ employees