Zurich North America · 8 hours ago
Actuarial or Senior Actuarial Analyst
Schaumburg, IL
Full-time
Hybrid
Mid, Senior Level
$60K/yr - $143K/yr
2+ years expZurich North America is currently seeking an Actuary for their Specialties BU Reserving team. This hybrid role involves conducting premium and loss reserve analyses, preparing materials for governance committees, and collaborating with various departments to provide insights on insurance portfolios.
CommercialFinancial ServicesInsurance
No H1B
Responsibilities
Conduct quarterly premium & loss reserve analyses to make recommendations for quarterly financial results including IFRS 17 components of discount and risk adjustment
Assist in the preparation of materials for quarterly reserve governance committee
Ensure loss reserves and IFRS 17 components are appropriately reflected in the financial close
Perform loss ratio planning & forecasting including IFRS 17 elements
Collaborate regularly with Underwriting, Claims, Finance, and Pricing to develop insights on trends and emerging issues on the insurance portfolios
Engage and seek alignment with Pricing colleagues on forward looking loss ratios
Communicate reserve recommendations with financial impacts along with insights derived from reserving work to management within Actuarial, Finance, and Underwriting
Qualification
Required
Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experience OR
Bachelors Degree with 3.0 cumulative GPA and No prior experience required in the Actuarial area AND
Successful completion of one or more actuarial exams
Zurich Certified Insurance Apprentice, including Associates Degree OR
Bachelors 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
Preferred
Commercial Property & Casualty insurance experience
Middle Market/Multi-line 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
Benefits
Short-term incentive bonus eligibility set at 10%
Competitive pay and comprehensive benefits for employees and their families
Company
Zurich North America
Zurich American Insurance is an international commercial property-casualty insurance provider. It is a sub-organization of Zurich Insurance Group.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
James Bracken
Chief Financial Officer
Ann Chai
Chief Risk Officer
Recent News
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