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Actuary
Zurich Insurance Group
Schaumburg, IL, United States
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Description
Job Summary
Zurich is currently looking for an AVP & Actuary to work out of our North American head-quarters based out of Schaumburg, Illinois or our Jersey City, New Jersey office.
This individual will support delivery of the annual profitability review including collaborating with stakeholders across the organization on data inputs ensuring global/governance needs are met. This individual will also identify and lead implementation of process improvement opportunities. The position requires a deep knowledge of the property & casualty insurance industry, products and customers. An ability to consult with both actuaries and non-actuaries to understand needs and resolve business issues is a must. The team routinely coordinates with stakeholders in Underwriting, Predictive Analytics, Finance, Information Technology, Strategic Execution, Line of Business Pricing, and Senior Management.
The AVP and Actuary will be responsible for:
• Driving the annual profitability review process serving as the primary contact for a Business Unit
• Work with ZNA business units and Technical Underwriting to evaluate historical financial performance for portfolios, develop market strategies, and conceive and then quantify appropriate underwriting actions to achieve that strategy
• Communicate information and results to a variety of technical and non-technical audiences across the organization and senior leadership
• Develop improvements to processes and standards in order to increase consistency with internal Zurich actuarial policies and guidance
• Make informed actuarial recommendations based on professional judgment and experience; effectively challenge and/or escalate issues within business decisions or processes that are not able to be supported from an actuarial standpoint.
• Support junior actuaries and provide mentorship as necessary
Manages the reserving or pricing process for the assigned line(s) and provides support and advice to the relevant chief pricing or reserving actuary and to the actuarial business partners, including insights into underlying performance and implications for the 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 and 8 or more years of experience in the Actuarial area
AND
• ACAS
Preferred Qualifications:
• FCAS
• Bachelor's degree in Actuarial Sciences, Mathematcis, Statistics or a related field with a mathematical, statistical or numerate background
• 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
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
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