Zurich NA Senior Actuarial Analyst II - Middle Markets Reserving in Schaumburg, Illinois
Senior Actuarial Analyst II - Middle Markets Reserving
Zurich is currently looking for a new member to join the Actuarial Reserving team to work out of our award winning North American headquarters in Schaumburg, Illinois.
The role is a Senior Actuarial Analyst II within the Actuarial Reserving team, which is responsible for reserve reviews, monthly financial close and syndicating quarterly results to senior leaders focusing on the Middle Markets and Large Property SBUs.
Reserving collaborates with Technical Execution to complete quarterly reserve reviews and the monthly financial close. You will use your insurance knowledge, SBU portfolio insight and analytical skills to perform or influence analyses to support our Underwriters, Managers, Finance, and Field Actuaries. These analyses will support a breadth of projects, including reserve reviews and increasing the organization’s efficiency, effectiveness and technical capabilities.
The Reserving Actuary will be responsible for:
Collaborating with Technical Execution to complete quarterly reserving reviews and associated deep dives providing final approval for reserve studies
Becoming technical and product expert for all business segments within the assigned SBUs
Understanding the reserving and pricing process for assigned business segments and provides support and insights into underlying performance and implications within Actuarial CoE, Finance and business leaders.
Supporting quarterly Pre-Close and Close Reserve Committee meetings for Zurich North America
Syndicating quarterly results to Middle Markets & Large Property senior management
Collaborating within Actuarial CoE to align on Expected Loss Ratios used as a key input for reserve reviews, Country Underwriting Plan, Strategic Business Review and Financial Plan
Delivering timely and accurate monthly financial close
Delivering loss ratio forecasts
Training less experienced personnel as needed
Providing support for all other requests including:
SAO and MD&A support
Quantifying UW actions
Ad hoc requests
Bachelor Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area
Experience in multiple functional areas (pricing, reserving, capital management) and in multiple business units
Actuarial experience that includes a combination of reserving and pricing experience, diversified business lines that include commercial lines of business
Project management skills
Strong written, verbal and interpersonal communication skills
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.
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
Travel Yes, 5 % of the Time
Relocation Available No
Job Posting 02/12/19
Unposting Date Ongoing
Req ID: 18000ACS
It is the Policy of Zurich in North America, as an equal opportunity employer, to attract and retain the best-qualified individuals available, without regard to race/ethnicity, color, religion, gender expression, genetic information, national origin, sex, gender identity, sexual orientation, marital status, age, disability or protected veteran status.