Actuarial Analyst

Zurich North America is currently looking for an Actuarial Analyst or Senior Actuarial Analyst to join our Property Reserving team with a focus on Crop and Surety. 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. 

In this role, you will be responsible for the following:

• Conduct quarterly premium & loss reserve analyses to make recommendations for quarterly financial results including IFRS 17 components of discount and risk adjustment.
• Assist in the preparation of materials for quarterly reserve governance committee.
• Ensure loss reserves and IFRS 17 components are appropriately reflected in the financial close.
• Perform loss ratio planning & forecasting including IFRS 17 elements.
• Collaborate regularly with Underwriting, Claims, Finance, and Pricing to develop insights on trends and emerging issues on the insurance portfolios.
• Engage and seek alignment with Pricing colleagues on forward looking loss ratios.
• Communicate reserve recommendations with financial impacts along with insights derived from reserving work to management within Actuarial, Finance, and Underwriting.

This role will be filled at either the Actuarial Analyst 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 - Actuarial Analyst:
 

• Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experience
  OR
• Bachelors Degree with 3.0 cumulative GPA and No prior experience required in the Actuarial area
  AND
• Successful completion of one or more actuarial exams

OR

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

Preferred Qualifications 

• Previous actuarial internship or related experience 

• Successful completion of two or more actuarial exams