Associate Actuary or Senior Actuarial Analyst

Zurich is currently looking for a Pricing Actuary or Senior Actuarial Analyst II to join National Accounts and work out of our Chicago Office. This colleague will support and work alongside the market‑facing underwriting teams in our Domestic Casualty unit, as well as supporting other Business Unit initiatives.

Through this collaborative, cross‑functional business partnership, the National Accounts Pricing team improves the financial understanding and performance of accounts within the regions and enhances the quality of technical underwriting, decision making and risk selection. They are instrumental in profitably growing the premium volume on both a regional and company level. This individual will be responsible for supporting the field underwriting needs of the Midwest Region.

As Associate Actuary, you will be a primary point of contact and resource for the Midwest Region, its underwriters, and underwriting managers. In this individual contributor role, you will work independently on account pricing as well as lead more complex analytical work.

• Assisting with the development of account‑based model pricing structures and leveraging profitability analysis
• Partnering with regional business leaders and underwriters on both transactional and strategic account decisions; most notably by providing actuarial calculations, including:
  • Risk transfer analysis
  • Large complex loss forecasts and unique rating plan structure
  • Large account collateral needs
• Supporting and training underwriters in pricing and loss forecasting concepts, model outputs and tools, and providing a feedback channel to ensure the issues faced by the tool users are being addressed by the tool designers
• Participating in internal audits and occasional meetings with brokers, outside actuarial consultants, and/or customers
• Understanding profit drivers on portfolio and book segments and communicating insights as needed
• Providing leadership with recommendations on key parts of the large account book of business to help drive strategic profit and growth
• Developing strategic partnerships with the business segment leadership, portfolio managers, and underwriters
• Helping underwriters craft a story and support the deal proposal with sound rationale for rate increases, term changes, coverage adjustments, etc. beyond “the model says so”
• Managing the demands of the various stakeholders, ensuring predictable and timely completion of work

Associate Actuary

• Bachelors Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area AND
• ACAS or equivalent international certification

Senior Actuarial Analyst II

• Zurich Certified Insurance Apprentice, including Associates Degree OR
• Bachelors Degree 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 (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner
• Strong verbal and written communication skills

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us. The combined salary range for this position is $ - $.

The proposed salary range for the Senior Actuarial Analyst II is $ - $, with short‑term incentive bonus eligibility set at 15%. The proposed salary range for the Pricing Actuary is $ - $, with short‑term incentive bonus eligibility set at 20%.

We offer competitive pay and comprehensive benefits for employees and their families.

Location: Chicago, IL (AM - Chicago)

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.