The Opportunity
Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.
Zurich Canada Technical Underwriting is looking for a Pricing Actuary to join our growing Business unit for Financial Lines, including Directors and Officers, Professional lines & Cyber Insurance. This role can be based in a Zurich, Canada office (including Toronto or Montreal).
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. In this role, the actuary will also support directly the transformation process of the financial lines ecosystems with focus on in-depth review of pricing algorithm and implementation of the rating tools in production. D&O, Professional Lines & Cyber pricing is a new, exciting, and growing area to be part of.
This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters.
What you will do
A high level of responsibility, ownership, and ability to influence strategic decisions. This a great opportunity to work directly with the business and leadership teams.
In depth review of the pricing algorithm for all aspects of Financial Lines, supported by global footprint and expertise.
Set and communicate the pricing algorithm requirements for production systems.
Investment in upscaling pricing capabilities.
The opportunity to work for a Global company where we often share and leverage insights on best practices with our global colleagues.
Constantly evolve lines of business, with endless opportunities to add value through new insights and pricing techniques.
Calculate profit margins on new and renewals of business.
Coordinate, prepare, and perform actuarial analysis.
Analyze loss and expense reserves.
Provide consultation on actuarial models and risk issues.
Support Market Facing and Technical Underwriters on pricing decisions.
May oversee the work of less experienced actuaries.
Job Qualifications
What you bring to the table
Required:
Zurich Certified Insurance Apprentice, including Associates Degree.
OR
Bachelor’s Degree in Mathematics/Statistics or Actuarial Sciences.
AND
5 or more years of experience in the Actuarial area.
FCAS or equivalent international certification.
OR
Bachelor’s Degree in Mathematics/Statistics or Actuarial Sciences and 10 or more years of experience in the Actuarial area.
ACAS or equivalent international certification.
Preferred:
FCAS designation
Previous actuarial experience with Professional Lines of business.
Experience with Microsoft Excel and/or knowledge of statistical analysis software (such as SQL and R)
Strong verbal and written communication skills.
Ability to explain technical analysis results to non-technical audiences.
Experience collaborating on cross-functional team projects.
Our Culture
At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DEIB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome.
We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.
We care about our employees’ well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package.
We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that.
We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Zurich employees receive four personal days per year to be used at their discretion.
We are committed to continuous improvement, and offer access to a comprehensive range of training and development opportunities.
We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources.
We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto’s Top Employers and to have received Insurance Business Canada’s 5-Star Diversity, Equity and Inclusion Award.
Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.
About Us
Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 500 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals’ first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at www.zurichcanada.com.
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