Pricing Actuary

Zurich North America; Chicago (IL); Hybrid; USD 130,000 - 213,000; Full time

Job summary

Join a leading company as a Pricing Actuary where you'll contribute to Management Liability pricing strategies. This role offers high responsibility, collaboration with leadership teams, and the opportunity to advance your career within a global organization. With competitive compensation and diverse work environment, Zurich North America is dedicated to fostering growth and excellence.

Benefits

Short-term incentive bonuses

Comprehensive employee benefits package

Qualifications

• 5+ years of experience in actuarial work, either with FCAS or equivalent certification.
• Strong verbal and written communication skills.
• Knowledge in multiple functional areas including pricing and reserving.

Responsibilities

• Support the pricing of new and renewal business.
• Develop and improve pricing models.
• Oversee the work of less experienced actuaries.

Skills

Communication

Analytical Thinking

Strategic Decision Making

Education

Bachelor’s Degree

Zurich Certified Insurance Apprentice

Job description

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Join to apply for the Pricing Actuary role at Zurich North America

Zurich North America Technical Underwriting is looking for a Pricing Actuary to join our Financial Lines Business unit, focusing on Management Liability pricing. This role can be based in any Zurich North America office (including Headquarters in Schaumburg, Illinois, our lower Manhattan location in New York City, or our Overland Park, Kansas office).

The Pricing Actuary supports the pricing of new and renewal business as well as the development of effective premium/rating structures and strategies in support of business objectives. Management Liability pricing is an exciting area to be part of, where you will have:

• Great opportunities to work directly with the business and leadership teams
• A high level of responsibility, ownership, and ability to influence strategic decisions
• Investment in upscaling modeling data modeling capabilities
• The opportunity to work for a Global company, where we often share and leverage insights on best practices with our global colleagues
• Constantly evolving lines of business, with endless opportunity to add value through new insights and pricing techniques
• Deliver the best pricing solutions for new and renewal business
• Develop and improve pricing models by calibrating rates to align with risk and improve model result
• Support Market Facing and Technical Underwriters on pricing decisions
• Improve portfolio monitoring, develop effective premium / rating structures, and support overall strategies and work that goes into meeting and exceeding the Specialty Lines Management Liability Pricing Team objectives
• May oversee the work of less experienced actuaries.
  
  

Basic Qualifications:

• Zurich Certified Insurance Apprentice, including Associates Degree OR Bachelor’s Degree AND
• 5 or more years of experience in the Actuarial area plus FCAS or equivalent international certification OR
• 10 or more years of experience in the Actuarial area plus ACAS or equivalent international certification
  
  

Preferred Qualifications:

• Experience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner
• Strong verbal and written communication skills
  
  

At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The compensation indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The proposed salary range for this position is $130,000.00 - $213,000.00, with short-term incentive bonus eligibility set at 15%.

As an insurance company, Zurich is subject to 18 U.S. Code

• 1033.
  
  

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

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.

Location(s): AM - Chicago, AM - New York, AM - Overland Park, AM - Schaumburg

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

Linkedin Recruiter Tag:

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Insurance and Financial Services

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