Zurich NA Senior Actuarial Analyst II - IFRS 17 Project (2c - GI) in Schaumburg, Illinois

Senior Actuarial Analyst II - IFRS 17 Project (2c - GI)


Job Summary

Zurich North America is looking for a Senior Actuarial Analyst II to work on the IFRS 17 Project and to be a part of the IFRS 17 Project and SAP transformational team in our new North American headquarters in Schaumburg, Illinois.

SeniorActuarial Analystwill help implement the Zurich North America GeneralInsurance Actuarial components of the high profile Group IFRS 17 Program, aswell as coordinating with IT to enhance actuarial financial data systems in theSAP Transformation project planning, designing and implementation. The SeniorActuarial Analyst will collaborate with the IFRS 17 and SAP Transformation leadactuary, the Finance project teams, stakeholders across Finance, the project executivesponsor, and reserving actuaries.

Additional responsibilities may include:

  • Support Finance, market-facing business units,Claims, Risk, Capital Management, and other functions on reserving andimplementation of IFRS 17 Program.

  • Provide direction and technical expertise onactuarial models and risk issues.Provide direction and technical expertise onactuarial models and risk issues.

  • Ensure that the claims reserving processes for areappropriately governed in accordance with Group, Regional, and Local regulatorypolicies.

  • Utilize knowledge of general accounting conceptssuch as assets vs. liabilities, income statements vs. balance sheets.

  • Present progress of IFRS Project and SAPImplementation to key stakeholders and various business units as necessary.

  • Assist with reserving activities, portfolioprofitability management, reinsurance analyses, or the support of market-facingbusiness units in complex environments and lines of business.

  • Coordinate, prepare and perform actuarial analysesincluding loss and premium projections, consultation on actuarial models, orcapital modeling.

Holds an actuarial qualification and, acting in an actuarial capacity, performs routine reserving or pricing tasks as assigned requiring minimal direct supervision, and performs more complex analyses under the supervision of more senior actuaries, all for the purpose of evaluating loss reserves or pricing business. Assists in the training of less experienced personnel.

Client Internally Focused - The job’s core deliverables rely on delivering service to internal clients, usually at the line manager or employee level. May involve sharing subject matter expertise to others in the organization or supporting others in their efforts to deliver on our promise.

Job Qualifications

Basic Qualifications:

  • Bachelors Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area


  • ACAS

Preferred Qualifications:

  • FCAS

  • Technical knowledge and skills reflective of a practitioner who has progressed within actuarial positions of increasing responsibility

  • Experience in multiple functional areas (pricing, reserving, capital management) and in multiple business units

  • IFRS-17 project experience

Additional Information

Imagine working for a company that truly cares about their employees, customers, stakeholders, and communities they serve. Imagine working for a values-driven organization that has the ambition and desire to be the best global insurance provider in the world. Zurich is that place where 55,000 employees across approximately 200 countries and territories are all focused on helping people and helping companies protect what is truly most important to them. We are a values-driven organization that takes pride in the work that we do every day and we have the ambition to be the best global insurer in the world.

EOE disability/vets

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.

Primary Location: United States-Illinois-Schaumburg

Schedule Full-time

Travel No

Relocation Available No

Job Posting 02/28/18

Unposting Date Ongoing

Req ID: 180001EN