Actuarial Analyst or Senior Actuarial Analyst

Zurich North America; Chicago (IL); Hybrid; USD 60,000 - 143,000; Full time

Benefits offered by this job

Hybrid work

Bonus eligibility 10%

Merit increases

Job summary

Zurich North America is seeking an Actuarial Analyst or Senior Actuarial Analyst to join the Reserving team focusing on Primary General Liability. Base locations include Chicago or Schaumburg, IL, with options for NYC or Toronto offices. Hybrid work model.

The role involves quarterly reserve analyses, IFRS 17 work, collaboration with underwriting and finance, and responsibilities scale with the chosen level. Competitive pay and benefits offered.

Qualifications

• Zurich Certified Insurance Apprentice with Associates Degree OR a BA/BS with 3.0+ GPA and no actuarial experience required.
• Successful completion of actuarial exams (Analyst: 1+ exam; Senior FCAS path 5+ exams or 3+ with 3+ years) and relevant experience.
• Willingness to collaborate with Underwriting, Claims, Finance, and Pricing to derive insights.

Responsibilities

• Conduct quarterly premium and loss reserve analyses and IFRS 17 components.
• Assist in preparing materials for quarterly reserve governance committee.
• Ensure loss reserves and IFRS 17 components are reflected in the financial close.
• Perform loss ratio planning and forecasting including IFRS 17 elements.
• Collaborate with Pricing on forward-looking loss ratios and trends.
• Communicate reserve recommendations and financial impact to leadership across teams.

Skills

Analytical thinking

Communication skills

Data interpretation

Education

Zurich Certified Insurance Apprentice

Bachelor's Degree

Associates Degree

Tools

Microsoft Office

Statistical software

Job description

Zurich North America is currently looking for an Actuarial Analyst or Senior Actuarial Analyst to join our Reserving team focused on the Primary General Liability line of business. Our preference is for the position to be based in our Chicago or Schaumburg, IL office, with consideration for individuals based out of the New York City or Toronto office locations.

• 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

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
• Dedication to the Casualty Actuarial Societies’ accreditation exam process with a goal of obtaining both ACAS and FCAS
• Ability to analyze data and offer insight to non-technical professionals
• Outstanding written and verbal communication skills
• Experience with Microsoft Office and/or knowledge of statistical analysis software

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us. The combined salary range for this position is $59,900.00 - $142,700.00. The proposed salary range for the Actuarial Analyst is $59,900.00 - $98,200.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Senior Actuarial Analyst is $87,200.00 - $142,700.00, with short-term incentive bonus eligibility set at 10%.

We offer competitive pay and comprehensive benefits for employees and their families.

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code

• 1033.

Location(s): AM - Schaumburg, AM - Chicago, AM - New York, CA - Toronto - 100 King

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No