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Associate Actuary or Senior Actuarial Analyst

Zurich North America is currently looking for a Sr. Actuarial Analyst to join our Actuarial Operations & Assurance team. This role will ideally be based out of one of our main offices (Schaumburg Headquarters, Chicago, or New York), but remote may be considered for the right candidate. We offer the flexibility to work both in the office and remotely (hybrid schedule). You will collaborate with your manager to set a schedule that supports you, your customers, and the team. For the right candidate, we will consider our Toronto, Canada office as well.In this role, you will be responsible for performing and communicating reserve analyses for the US Joint Venture and ZLS portfolios; performing related close processes, Reserve Committee preparation, and financial reporting; and supporting related regulatory/governance deliverables.In this role, you will be responsible for the following:• Ensure accurate and timely reserve analyses and reporting• Support financial reporting, including statutory financial statements and the SAO• Complete and lead business-as-usual and ad-hoc projects• Establish and maintain excellent communication and collaboration with stakeholdersThis role will be filled at either the Associate Actuarial or Senior Actuarial Analyst 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 areaORAssociate Actuarial:• Bachelors Degree in Mathematics/Statistics or Actuarial Sciences and 5 or more years of experience in the Actuarial area AND• ACAS or equivalent international certificationPreferred Qualifications:• Experience in multiple functional areas (pricing, reserving, and capital management) and knowledge/skills reflective of a senior practitioner• Strong verbal and written communication skills• Please describe the day-to-day responsibilities of this positionAt Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply, as they will be considered based on their experience, skills, and education. The salary indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The combined salary range for this position is $74,300.00 - $161,000.00. The proposed salary range for the Senior Actuarial Analyst is $74,300.00 - $121,700.00, with short-term incentive bonus eligibility set at 10%. For the Associate Actuarial is $98,300.00 - $161,000.00, with short-term incentive bonus eligibility set at 15%.As an insurance company, Zurich is subject to 18 U.S. Code• 1033.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/vetZurich 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 - New York, AM - Chicago, AM - Schaumburg, CA - Toronto - 100 KingRemote Working: HybridSchedule: Full TimeEmployment Sponsorship Offered: NoLinkedin Recruiter Tag:

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What You Should Know About Associate Actuary or Senior Actuarial Analyst, Zurich North America

Join Zurich North America as a Senior Actuarial Analyst! Located in Schaumburg, IL or other major cities, this dynamic role is part of our Actuarial Operations & Assurance team. We believe in balancing work and life, which is why a hybrid schedule is available—work remotely or in one of our beautiful offices in Schaumburg, Chicago, or New York. As a Senior Actuarial Analyst, your main focus will be performing and communicating reserve analyses for our US Joint Venture and ZLS portfolios. You will also prepare financial reports and support oversight of key governance deliverables. Collaboration is key—you'll work closely with your manager to create a flexible schedule that works for both you and the team. You will be responsible for ensuring accurate and timely reserve analyses and financial reporting. Successful candidates will showcase strong communication skills and thrive in a collaborative environment. This position's entry level will depend on your qualifications and experience, whether you come in as an Associate Actuarial Analyst or step up as a Senior Actuarial Analyst. If you have a relevant educational background in mathematics/statistics or have passed several actuarial exams, your expertise will shine here at Zurich. We strive to foster diversity and inclusion while providing opportunities for career development. So, are you ready to embark on a rewarding career journey with Zurich North America?

Frequently Asked Questions (FAQs) for Associate Actuary or Senior Actuarial Analyst Role at Zurich North America
What are the responsibilities of a Senior Actuarial Analyst at Zurich North America?

As a Senior Actuarial Analyst at Zurich North America, you will be responsible for performing and communicating reserve analyses, supporting financial reporting including statutory statements, and preparing key documents for the Reserve Committee. Your role will also include leading both ad-hoc and routine projects while ensuring excellent communication with various stakeholders.

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What qualifications are needed for the position of Associate Actuarial Analyst at Zurich North America?

To qualify as an Associate Actuarial Analyst at Zurich North America, candidates should have a Bachelor’s degree in mathematics, statistics, or actuarial sciences, alongside a minimum of 5 years of experience in the actuarial field. Additionally, candidates should possess an ACAS or an equivalent international certification to be considered.

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What is the compensation range for the Senior Actuarial Analyst role at Zurich North America?

The salary range for a Senior Actuarial Analyst at Zurich North America is between $74,300 and $121,700, depending on experience and qualifications. Additionally, this role includes a short-term incentive bonus eligibility set at 10%.

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Is there flexibility in working arrangements for the Associate Actuarial Analyst position at Zurich North America?

Yes, Zurich North America offers flexibility for Associate Actuarial Analyst positions with a hybrid working arrangement. Candidates can choose to work remotely or come into one of our offices in Schaumburg, Chicago, or New York, depending on their preferences and the needs of the team.

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What kind of projects can I expect to lead as a Senior Actuarial Analyst at Zurich North America?

As a Senior Actuarial Analyst at Zurich North America, you will lead both business-as-usual projects and ad-hoc projects. These assignments may vary widely and could involve analyses, financial reporting, and contributions to key stakeholder presentations, allowing you to leverage your expertise effectively.

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Common Interview Questions for Associate Actuary or Senior Actuarial Analyst
Can you describe your experience with reserve analyses?

During your answer, highlight specific projects where you've performed reserve analyses, detailing the methodologies used, your role, and the impact of your findings. Emphasize your attention to detail and how your analyses contribute to overarching financial strategies.

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What actuarial software are you proficient in?

When discussing actuarial software, mention any programs you have used, such as SAS, R, or Excel. Emphasize your experience with data manipulation, reporting capabilities, and how you leverage this software for analyses at Zurich North America.

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How do you ensure accuracy in your financial reporting?

Explain your thorough review processes, collaboration with peers, and tools that help maintain accuracy. Discuss any specific protocols you follow to catch errors before finalizing reports, highlighting experiences from your previous roles.

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How would you handle tight deadlines on actuarial projects?

Illustrate your time management strategies, such as prioritizing tasks based on urgency and importance. Provide specific examples where you successfully met tight deadlines without compromising the quality of your work.

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What is your approach to communicating complex actuarial data to non-technical stakeholders?

Discuss your communication style, emphasizing simplicity and clarity. Share experiences where you translated complex data for stakeholders and the positive outcomes of those discussions, which would resonate well at Zurich North America.

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Can you describe a time you led a team project?

Provide an example of a successful team project you've led, detailing your role, the goals, challenges faced, and how you motivated the team to achieve results. Highlight leadership skills and teamwork dynamics essential for Zurich North America.

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What is your experience with regulatory compliance in actuarial work?

Emphasize your understanding of regulatory frameworks that govern the actuarial profession, sharing relevant experiences with regulatory compliance in previous roles. Discuss how you stay updated on changes to regulations affecting Zurich North America.

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How do you keep your actuarial knowledge up to date?

Discuss your commitment to continuing education, such as taking additional actuarial exams, attending workshops, or being part of professional organizations. Provide specific resources and learning opportunities that you actively pursue.

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What motivates you to work in the actuarial field?

Share personal stories or experiences that fueled your passion for actuarial work. Explain how your motivations align with Zurich North America’s mission and values, creating a connection that resonates with potential employers.

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In your opinion, what are the key qualities of an effective actuary?

Outline qualities such as analytical thinking, attention to detail, strong communication, and teamwork. Provide examples from your experience that demonstrate these traits and how they contribute to success in the actuarial field at Zurich North America.

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For Zurich, our brand is about connecting better with all of our audiences. It's about what we do every day, through the way we communicate with our customers, with each other, and with the wider world. Ultimately, our brand is a reflection of who...

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Full-time, hybrid
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March 20, 2025

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