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Zurich

Senior Actuarial Consultant--Pricing

Senior Actuarial Consultant--Pricing

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Job Details
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Uploaded On
January 10, 2023
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Location
Schaumburg, IL
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Remote?
No
Salary
$
158
k-$
198
k
Glassdoor Ratings
""
Recommend to a Friend
78%
""
Overall Score
4.1 / 5

Zurich North America is looking for a Senior Actuarial Consultant for our growing Special Lines Pricing team, ideally based out of our North American Headquarters in Schaumburg, Illinois, New York City, NY, Overland Park KS, or one of Zurich’s offices nationwide.

The Senior Actuarial Consultant and Technical Underwriting Actuarial Team will support the actuarial and various underwriting leaders as well as responsible for the pricing process for Accident, Health, & Travel Strategic Business Unit. The Senior Actuarial Consultant and team will partner with Line of Business Pricing, Reserves, Data Analytics and Technical Underwriting teams, among others, to ensure optimal outcomes. This will include portfolio performance analysis, pricing tool performance, individual large account pricing, and rating plan effectiveness.

Additional Senior Actuarial Consultant responsibilities include:

  • Coordinate field tiering execution, including working with Accident, Health, & Travel Strategic Business leadership on business intent tiering selections, analysis related to tiering signals, and coordination with Portfolio Analytics team
  • Complete and eventually lead, independent top-down analysis and assessment of underwriting and reserving methodology and approaches, including specific targeted deep dive analyses on pricing, reserves and underwriting risk related to the Middle Market books of business
  • Provide consultation on actuarial models, risk issues, and rating plan effectiveness for Middle Market, including pricing tool performance and appropriateness
  • Support Technical Underwriters on pricing decisions and development of effective premium/rating structure and strategies in support of business objectives, including support related to pricing for individual Middle Market accounts
  • Analysis related to understanding profit drivers on portfolio and book segments and communicate insights as needed
  • Partner with Technical Underwriters and Actuaries to determine and monitor KPI’s related to the Middle Market portfolios

Basic Qualifications:

  • 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

Preferred Qualifications:

  • Experience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner
  • Strong verbal and written communication skills

Applicable Only to Jobs to be Performed in New York City

The salary range for this role is $158,400-$198,000. This is the range Zurich NA in good faith believes is the range of possible compensation for this role at the time of the posting. This range is only applicable for jobs to be performed in New York City. Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics, and business needs. This range may be modified in the future.  This job is also bonus eligible. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable.


As a condition of employment at Zurich, employees must adhere to our COVID-related health and safety protocols (https://www.zurichna.com/careers/faq), including, without limitation, a requirement that employees attest as to their vaccination status with a YES/NO, and upload proof of vaccination status, or a negative COVID test result when applicable, to a third-party vendor. These protocols are continuously re-evaluated and the requirements may change at any time.

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 - Remote Work (US), AM - New York, AM - Overland Park, AM - Boston
Remote Working: Hybrid
Schedule: Full Time

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Working at 

Zurich

Zurich is a leading global insurance company that offers a range of insurance products to individuals and organizations. The company was founded in 1872 and has grown to become one of the largest insurance providers in the world. Zurich offers a variety of insurance products, including home, auto, and business insurance, as well as specialized coverage options for specific industries and types of risk. In addition to traditional insurance products, the company also offers risk management and consulting services to help clients identify and mitigate potential risks. Zurich has a strong reputation for customer service and is known for its expertise in serving the diverse needs of its customers. The company has a global presence, with operations in numerous countries around the world.