Actuary, Specialty Lines Pricing - Surety

Zurich North America looking for an Actuary to join our Specialty Lines Pricing Team, focusing on the Surety Line of Business, out of our North American Headquarters in Schaumburg, Illinois. While the Schaumburg location is ideal, we are open to candidates working 100% virtually out of their home.

Specialty Lines Surety Pricing focuses on ensuring the integrity of model price while continuing to simplify Zurich’s pricing tool landscape. This critical actuarial role works closely with the Technical Underwriting team on various projects in order to achieve the following:

• Deliver the best pricing solutions for new and renewal business for the Surety book of 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
• Continually develop Model Price of Surety based on actuarial and underwriting framework
• Improve portfolio monitoring, develop effective premium / rating structures, and support overall strategies and work that goes into meeting and exceeding the Specialty Lines Surety Pricing Team objectives

This position will be filled at either the Actuarial Consultant or Senior Actuarial Consultant 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.

Actuarial Consultant Basic Qualifications:

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

OR 

Senior Actuarial Consultant 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

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, click here. Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. The salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. The combined salary range for this position is $94,000.00 -$203,600.00. The starting salary range for the Actuarial Consultant is $94,000.00 - $154,000.00 and for the Senior Actuarial Consultant is $124,400.00 - $203,600.00.

As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time (https://www.zurichna.com/careers/faq).

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.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet 

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 - Schaumburg, AM - Remote Work (US)
Remote Working: Yes
Schedule: Full Time
Employment Sponsorship Offered: Yes  
 
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