Special Lines Pricing - Actuarial Analyst or Senior Actuarial Analyst

$57,500 - $119,200/Yr

Zurich Insurance - Overland Park, KS

Full-time - Entry Level

Remote - Overland Park, KS

Insurance Carriers and Related Activities

About the position

Zurich North America is seeking an Actuarial Analyst or Senior Actuarial Analyst to join our Special Lines Pricing team, which is part of the Technical Underwriting Line of Business Pricing Team. This role is pivotal in supporting pricing analyses specifically for our Warranty and Surety lines of business. The position can be based in either Overland Park or Schaumburg, and we are open to hiring talent in these locations. As an Actuarial Analyst, you will act in an actuarial capacity while pursuing your actuarial qualification, performing duties that are mathematical and financial in nature. Your work will provide highly accurate data and analyses for use by Actuaries in evaluating reserves, financial reporting, or pricing business. In this role, you will be responsible for calculating actuarial best estimate reserves, conducting planning and profitability analyses for defined segments of the insurance business. You will perform research, loss emergence studies, and other statistical analyses to ensure that claims provisioning processes are governed according to Group, Regional, and Local regulatory policies. Additionally, you will calculate pricing or rate indications for new and renewal business, assist in price monitoring, and prepare premium rate filings along with schedules of statistics and financial statements. You will also be involved in testing and maintaining pricing models and tools, performing experience investigations, and establishing actuarial cash flow models for reporting purposes. Your contributions will support the calculation of statutory reserves and financial valuations, as well as provide product development and pricing support.

Responsibilities

• Calculates actuarial best estimate reserves (loss and premium), planning, and profitability analyses for defined segments of insurance business.
• Performs research, loss emergence studies, and other statistical analyses.
• Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
• Calculates pricing or rate indications for new/renewal business, and assists in price monitoring, planning, and profitability analyses for defined segments of insurance business.
• Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.
• Tests and maintains pricing models and tools.
• Performs experience investigations and data validation.
• Establishes and runs actuarial cash flow models for use in actuarial reporting.
• Provides support for calculation of statutory reserves and financial valuations.
• Provides product development and pricing support.
• Executes and tests pricing models.

Requirements

• Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experience OR Bachelors Degree with 3.0 cumulative GPA and no prior experience required in the Actuarial area AND successful completion of one or more actuarial exams for 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 for Senior Actuarial Analyst.

Benefits

• Comprehensive employee benefits package for employees and eligible dependents.
• Competitive compensation including short term incentive bonuses and merit increases.
• Ongoing career development opportunities.
• Diversity and inclusion initiatives.