Actuary

Zurich North America is looking for an Actuary based out of our North American Headquarters in Schaumburg, Illinois or any US office. This role supports Zurich’s Liability line of business and is part of the Underwriting organization.

The Underwriting, General Liability Pricing team delivers liability product pricing representing over two billion dollars of premium annually. The team works closely with other Actuarial teams as well as General Liability Product Management and Market Facing Underwriting teams to support achievement of Zurich’s financial objectives.

• Detailed pricing analysis support including the development of rates, rating plans, and portfolio management strategies
• Provide input and guidance to actuarial, statistical, and IT functions to support current and future pricing tools across multiple platforms.
• Provide Lead support for Pricing Tools and related monitoring including working knowledge of underlying predictive models
• Build new or adhere to existing governance and monitoring frameworks
• 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 and between teams.

• Zurich Certified Insurance Apprentice, including Associates Degree OR
• Bachelors Degree Bachelor’s Degree in Mathematics/Statistics or Actuarial Sciences AND
• 5 or more years of experience in the Actuarial area plus FCAS or equivalent international certification OR
• 10 or more years of experience in the Actuarial area plus ACAS or equivalent international certification

• Experience in multiple functional areas including pricing, reserving, and capital management
• 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 including but not limited to decision trees, clustering, and GLMs.
• 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

The proposed Salary range for this position is $130,000 - $213,000, with short-term incentive bonus eligibility set at 15%.

We offer competitive pay and comprehensive benefits for employees and their families. Learn more about Total Rewards here.

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code 1033.