Assistant Actuary or Senior Actuarial Analyst

Zurich North America is looking for an Assistant Actuary to join our growing Finance & Actuarial Advanced Analytics team out of our North American Headquarters in Schaumburg, IL. While this position will be based out of our Schaumburg Headquarters, we are offering the flexibility to work both in the office and remotely. You will collaborate with your manager to set a schedule that supports you, your customers, and the team.

Zurich North America Finance & Actuarial supports actuarial reserving by providing in-depth reserve analysis, loss forecasts, rate monitoring, and leading-edge explanatory tools and models. In this role you will assist with the creation and maintenance of actuarial specific predictive models which enable deep dive analysis to better understand the underlying drivers of performance and make the actuarial reserving process more efficient and more insightful.

You will be responsible for the following in the Senior Actuarial Analyst I role:

• Work with large sets of data and employ a range of statistical techniques to analyze claims data and claim development
• Assist with the production, implementation, and evaluation of advanced reserving models to assist in the allocation of IBNR
• Support the ongoing diagnostics and insights to aid in reserving analyses
• Work closely with the Data Visualization team to help tell a story and improve transparency of the models to key stakeholders
• Assist with the development of ad-hoc models to support Finance Actuarial
• Help employ best practices for model development
• Business Travel, as required
• Extended Hours during Peak Periods, as required
• Pass Applicable Actuarial Exams, as required
• Regular Predictable Attendance
  
  

This role will be filled at either the Assistant Actuary or Senior Actuarial Analyst Level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.

Basic Qualifications:

Senior Actuarial Analyst:

• Zurich Certified Insurance Apprentice, including Associates Degree OR
• Bachelors Degree AND
• 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 area OR
• 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
  
  

OR

Assistant Actuary:

• Zurich Certified Insurance Apprentice, including Associates Degree OR
• Bachelors Degree AND
• 3 or more years of experience in the Actuarial area AND
• FCAS or equivalent international certification
  
  

At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply, as they will be considered based on their experience, skills, and education. The salary indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The combined salary range for this position is $74,300.00 - $140,000.00. The proposed salary range for the Assistant Actuary is $74,300.00 - $121,700.00, with short-term incentive bonus eligibility set at 10%. For the Senior Actuarial Analyst is $85,500.00 - $140,000.00, with short-term incentive bonus eligibility set at 10%.

As an insurance company, Zurich is subject to 18 U.S. Code

• 1033.
  
  

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 click here 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 - Schaumburg, AM - Chicago, AM - New York, CA - Toronto - 100 King

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

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