VP & Actuarial Director

VP & Actuarial Director

Zurich North America is currently looking for a VP & Actuary to lead and manage our Commercial Auto Pricing team. This is a senior actuarial role within Technical Underwriting, and this leader will provide insights for the Commercial Auto Portfolio. Our preference is for the position to be based in our Schaumburg, IL office, with consideration for individuals who may be based out of another Zurich North America office location. Approximately 5% travel will be required for this position and will depend on the location of the leader.

The Technical Underwriting, Commercial Auto Pricing team is responsible for delivering the Auto product pricing, which represents over one billion dollars of premium annually for Zurich North America. The Commercial Auto Pricing Team works closely with other Actuarial teams as well as Commercial Auto Product Management and Market Facing Underwriting teams to support the achievement of Zurich’s financial objectives.

This position reports to the Head of Casualty Pricing and works on a team with other LOB Pricing Managers.

The VP & Actuary, Commercial Auto Pricing Manager will also be responsible for the following :

• Partner with the Business Unit Actuarial, Underwriting, and Reserving functions
• Detailed pricing analysis including the development of rates, rating plans, and portfolio management strategies
• Manage and deliver detailed Trend Analyses, Loss Development Factors, and other Parameter updates as related to periodic loss ratio studies for tool updates
• Provide input into the Technical Virtuous Circle for Auto portfolios
• Provide input and guidance to actuarial, statistical, and IT functions to support current pricing tools
• Provide Lead support for Pricing Tools and related monitoring including working knowledge of underlying data sources, dependencies, and Power BI
• Build new or adhere to existing governance and monitoring frameworks
• Support Virtuous Circle and AvE 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
• Participate in Finance and Underwriting decision processes, providing independent challenge as part of decision making
• Lead, manage, and mentor actuarial staff including the development of Individual Development Plans (IDPs) annually including mid-year and year-end performance appraisals.

Basic Qualifications :

Check all associated application documentation thoroughly before clicking on the apply button at the bottom of this description.

Preferred Qualifications :

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. The starting salary range for this position is $168,400.00 - $275,800.00.

Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

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. 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.

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Salary : $168,400 - $275,800