Actuary - Commercial Auto Pricing
The Technical Underwriting, Commercial Auto Pricing team is responsible for delivering the Commercial Auto product pricing representing over two billion dollars of premium annually for Zurich North America. The Commercial Auto Pricing Team works closely with other Actuarial teams as well as Product Management and Market Facing Underwriting teams to support achievement of Zurich’s financial objectives.
The Actuary – Commercial Auto Pricing 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.
Basic Qualifications:
- 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:
- Experience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner.
- 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.
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, please 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 starting salary range for this position is $127,400.00 - $208,600.00.
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.
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 - New York, AM - Overland Park, AM - Omaha, AM - Owings Mills
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No
Linkedin Recruiter Tag: #LI-JM1 #LI-ASSOCIATE #LI-HYBRID
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