Actuarial Analyst - Reserving Transformation

Zurich NA; Schaumburg (IL); Hybrid; USD 66,000 - 108,000; Full time

Job summary

Zurich North America is seeking an Actuarial Analyst to join the Actuarial Reserving Transformation team in Schaumburg, IL. You will support modernization, AI opportunities, and cross-functional collaboration to deliver actionable insights.

Ideal candidates pursue actuarial exams and have a mix of technical or insurance experience, with a strong affinity for technology, data and process improvement. This role is hybrid with in-office participation.

Qualifications

• Bachelor's degree with GPA requirement or equivalent Insurance Apprenticeship path.
• Actuarial exams completed or in progress.
• Interest in actuarial reserving, AI, automation and reporting.

Responsibilities

• Support actuarial transformation initiatives and process modernization.
• Shape and implement Agentic AI opportunities in reserving processes.
• Partner with transformation teams to align with enterprise capabilities.
• Collaborate with BU Reporting to modernize reporting capabilities.
• Translate operational challenges into AI, automation, and reporting solutions.

Skills

Analytical skills

Problem solving

Communication

Collaboration

Adaptability

Learning agility

Education

Bachelor's degree with 3.0 GPA

Insurance Apprenticeship / Associate Degree

Actuarial exams completed

Tools

Python

Databricks

Power BI

Excel

SQL

Job description

Zurich North America is currently looking for an Actuarial Analyst to join our Actuarial Reserving Transformation team. This role is a hybrid in-office role based in our Schaumburg, IL office.

In this role, you will be responsible for the following:

• Support actuarial transformation initiatives, including process simplification and modernization, Group tool adoption, automation, and continuous improvement
• Help shape and implement Agentic AI opportunities across actuarial reserving processes, improving productivity, transparency, and decision support.
• Partner with Group transformation teams ensuring alignment with enterprise capabilities while addressing local business needs.
• Prioritize and collaborate with the BU Reporting team to modernize reporting capabilities, improve transparency, and deliver actionable business insights.
• Collaborate with business stakeholders to translate operational challenges into practical AI, automation, and reporting solutions.

Basic Qualifications:

• 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

Preferred Qualifications:

• Progress toward CAS exams and commitment to pursuing ACAS and FCAS designations.
• Curiosity and enthusiasm for improving business processes through technology, automation, and AI-enabled solutions.
• Strong analytical and problem-solving skills with the ability to work through ambiguous or evolving business requirements.
• Demonstrated interest in technology, data, automation, and AI-enabled solutions, with exposure to tools such as Python, Databricks, Power BI, Excel, SQL, or similar technologies.
• Familiarity with or interest in actuarial reserving, financial analysis, and insurance operations.
• Ability to learn new concepts quickly and translate business needs into practical solutions.
• Strong communication and collaboration skills, with the ability to work effectively across actuarial, business, and technology teams.
• Demonstrated initiative, adaptability, and willingness to take ownership of assignments in a fast-paced transformation environment.
• Exposure to actuarial reserving, projects, process improvement initiatives, or technology implementations is a plus.

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 pay range shown is a national average and may vary by location. The proposed Salary range for this position is $65,900.00 - $108,000.00, with short-term incentive bonus eligibility set at 10%.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

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

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No