Senior Actuarial Development Program Jobs in Illinois

Enjoy learning new technology?  Interested in large account pricing?  The Pricing Landscape team is rebuilding ZLAPS (Zurich Large Account Pricing System) in a technology (Tyche) that is new to Zurich and needs your help. ZLAPS was built over 20 years ago, so this is a once-in-a-career opportunity to improve the largest pricing tool in ZNA. No experience in Tyche required - just a desire to problem solve to develop the best tool possible.

The position supports Pricing Landscape, a function that reports to the Chief Pricing Actuary.  The team oversees the pricing tools landscape with the goal to simplify, enhance and integrate the overall landscape, leveraging the PolicyCenter roadmap where possible as well as new technology where suitable. The objective is to create tools that are intuitive to underwriters and enable solid underwriting decisions.

Responsibilities for the role include:

• Support the transformation of ZLAPS (Zurich Large Account Pricing System) to a new, modernized platform (ZAPS). This includes determining methodologies based on feedback from BU actuaries and UW's, documenting requirements and testing.
• Support the current users of ZLAPS and ZAPS. This includes reviewing issues as needed and advising on potential methodology changes.
• Supporting the RTAD (risk transfer) tool, used by transactional actuaries across Zurich for captive programs.
• Working with LOB (WC, GL, Auto) teams to ensure tool outputs align with portfolio estimates.
• Support other Pricing tool transformations as needed.

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

Actuary:

• Zurich Certified Insurance Apprentice, including Associates Degree
  OR
• Bachelors 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:

• Comfort working with complex tools/models.
• Strong analytical and problem-solving skills.
• Ability to work with underwriters and actuaries across lines of business.
• Basic pricing knowledge.

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 - $217,000.00. The proposed salary range for the 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 $132,500.00 - $217,000.00, 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.

 

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg, AM - Chicago, AM - New York, AM - Overland Park, AM - Remote Work (US)
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
Linkedin Recruiter Tag: #LI-GR1 LI-ASSOCIATE #LI-HYBRID