AVP & Actuary, Workers Compensation Pricing

AVP & Actuary, Workers Compensation Pricing

Zurich North America is currently looking for an AVP & Actuary, Workers Compensation Pricing to join our Workers Compensation Pricing team. The position is based in Schaumburg, IL, with 5% travel. This role is part of the Technical Underwriting, Casualty Lines Pricing Team and supports our Workers’ Compensation line of business.

• Assist the Workers Compensation Line of Business Pricing Team across numerous scheduled, business-as-usual, and ad-hoc projects.
• Deliver pricing analysis support including development of rates, rating plans, and portfolio management strategies.
• Deliver analyses on 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.

• Zurich Certified Insurance Apprentice, including Associate’s Degree OR
• Bachelor’s 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

• 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 work streams.

Proposed salary range: $149,500 to $244,900, with short-term incentive bonus eligibility set at 20%. Additional bonuses and merit increases may apply.
Why Zurich? 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.

Location(s):
Schaumburg, IL;
Chicago, IL;
New York, NY;
Overland Park, KS. Remote Working:
Hybrid.

Schedule:

Full Time. Employment Sponsorship Offered:
No.

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.