Special Lines Pricing - Actuarial Analyst or Senior Actuarial Analyst

at Zurich NA in Schaumburg, Illinois, United States

Job Description

Special Lines Pricing – Actuarial Analyst or Senior Actuarial Analyst

115032

Zurich North America is currently looking for an Actuarial Analyst / Senior Actuarial Analyst to join our Special Lines Pricing team based out of one of our North American offices. As part of the Technical Underwriting Line of Business Pricing Team, this role is responsible for supporting pricing analyses for our Warranty and Surety lines of business. We are open to hiring talent in one of the following locations: Overland Park or Schaumburg

Acts in an actuarial capacity while in pursuit of an actuarial qualification, performing duties which are of a mathematical and/ or financial nature, in order to provide highly accurate data and analyses for use by Actuaries in the evaluation of reserves, financial reporting or the pricing of business.

In this role you will be responsible for:

+ Calculates actuarial best estimate reserves (loss and premium), planning, and profitability analyses for defined segments of insurance business.

+ Performs research, loss emergence studies, and other statistical analyses.

+ Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.

+ Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.

+ Performs research, experience studies and other statistical analysis.

+ Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.

+ Tests and maintains pricing models and tools.

+ Performs experience investigations and data validation.

+ Establishes and runs actuarial cash flow models for use in actuarial reporting.

+ Provide support for calculation of statutory reserves and financial valuations.

+ Provides product development and pricing support.

+ Executes and tests pricing models.

Basic Qualifications:

Actuarial Analyst:

+ Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experienceOR

+ Bachelors Degree with 3.0 cumulative GPA and No prior experience required in the Actuarial areaAND

+ Successful completion of one or more actuarial exams

OR

Senior Actuarial Analyst:

+ Zurich Certified Insurance Apprentice, including Associates DegreeOR

+ Bachelors DegreeAND

+ 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 areaOR

+ 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

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, Clickhere (https://www.zurichna.com/careers/benefits) . Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. The salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. The combined salary range for this position is $57,500.00 – $119,200.00.The starting salary range for the Actuarial Analyst I is $57,500.00 – $94,300.00 and for the Actuarial Analyst II is $72,800.00 – $119,200.00.

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 – Overland Park, AM – Schaumburg

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-JM1 #LI-ASSOCIATE #LI-HYBRID