Senior Actuarial Analyst or Associate Actuary

Zurich North America; Chicago (IL); Hybrid; USD 87,000 - 189,000; Full time

Job summary

Zurich North America seeks a Senior Actuarial Analyst or Associate Actuary to support its Liability pricing in the North American Headquarters in Schaumburg, IL or any US office. This role sits within Underwriting and the General Liability Pricing team, delivering pricing for multi-billion-dollar premiums and collaborating across actuarial, product management, and market-facing underwriters.

The ideal candidate will perform detailed pricing analyses, contribute to pricing tools development, and

Qualifications

• Zurich Certified Insurance Apprentice, or Bachelor's degree with actuarial exams.
• 5+ actuarial exams and 2+ years actuarial experience.
• 3+ actuarial exams and 3+ years actuarial experience.
• ACAS or equivalent certification.
• Experience in pricing, reserving, and capital management.
• Proficiency with pricing tools and modeling techniques.

Responsibilities

• Detailed pricing analysis: develop rates, rating plans, portfolio management strategies.
• Provide input to actuarial, statistical, and IT functions for pricing tools across platforms.
• Lead support for Pricing Tools and monitoring, leveraging predictive models.

Skills

Communication skills

Cross-functional collaboration

Pricing modeling awareness

Education

Bachelor's degree in Mathematics/Statistics or Actuarial Sciences

ACAS or equivalent certification

Zurich Certified Insurance Apprentice

Tools

Pricing Tools

Job description

Zurich North America is currently looking for a Senior Actuarial Analyst or Associate Actuary based out of our North American Headquarters in Schaumburg, Illinois or any US office. This role supports Zurich’s Liability line of business and is a part of the Underwriting organization.

The Underwriting, General Liability Pricing team is responsible for delivering the liability product pricing representing over two billion dollars of premium annually for Zurich North America. The General Liability Pricing Team works closely with other Actuarial teams as well as General Liability Product Management and Market Facing Underwriting teams to support achievement of Zurich’s financial objectives.

The individual is responsible for the following:

• Detailed pricing analysis support including the development of rates, rating plans, and portfolio management strategies
• Provide input and guidance to actuarial, statistical, and IT functions to support current and future pricing tools across multiple platforms.
• Provide Lead support for Pricing Tools and related monitoring including working knowledge of underlying predictive models
• Build new or adhere to existing governance and monitoring frameworks
• Where appropriate, support “Virtuous Circle” meetings across the organization
• Where appropriate, provide rate filing support including formal indications and evaluation of pricing levels
• Establish and maintain excellent communication and collaboration within as well as between teams.

This role will be filled at either the Senior Actuarial Analyst or Associate Actuary 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 – 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

OR

Basic Qualifications – Associate Actuary:

• Bachelors Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area AND
• ACAS or equivalent international certification

Preferred Qualifications:

• Experience in multiple functional areas including pricing, reserving, and capital management
• Proficiency in pricing studies: rate indications, trend studies, parameter analysis
• Proficiency with Pricing Tools including development, deployment, and post-implementation monitoring.
• Familiarity with Computer Science, Statistics or Mathematics and experience transforming data in the business analysis area and providing explanation and inputs to IT.
• Familiarity with statistical and predictive modeling techniques including but not limited to decision trees, clustering, and GLMs.
• Excellent verbal and written communication skills, particularly possessing the ability to share technical results and recommendations to audiences at varying levels of analytic understanding
• Experience collaborating on cross-functional team projects

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 combined salary range for this position is $87,200.00 - $188,700.00. The proposed salary range for the Associate Actuary is $87,200.00 - $142,700.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Senior Actuarial Analyst is $115,200.00 - $188,700.00, with short-term incentive bonus eligibility set at 15%.

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, AM - New York, AM - Overland Park

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No