AVP, Actuary – Workers Compensation Pricing
Zurich Insurance
full-time
Posted on:
Location Type: Hybrid
Location: Schaumburg • Illinois • 🇺🇸 United States
Visit company websiteSalary
💰 $149,500 - $244,900 per year
Job Level
Lead
Tech Stack
PythonSQL
About the role
- Assist the Workers Compensation Line of Business Pricing Team across numerous scheduled, business-as-usual, and ad-hoc projects
- Deliver pricing analysis support including the development of rates, rating plans, and portfolio management strategies
- Deliver analyses on several key pricing parameter updates including trend analysis, loss development factors, and expense assumptions
- Work across actuarial, statistical, and IT functions to support current and future pricing tools across multiple platforms
- Provide support for and acquire in-depth knowledge of pricing tools and related monitoring including working knowledge of underlying predictive models
- 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
Requirements
- Zurich Certified Insurance Apprentice, including Associates Degree OR Bachelors Degree AND 8 or more years of experience in the Actuarial area plus FCAS or equivalent international certification OR 13 or more years of experience in the Actuarial area plus ACAS or equivalent international certification
- Experience in multiple functional areas including pricing, reserving, and capital management
- Prior Commercial Lines pricing experience with an emphasis on Workers’ Compensation
- 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
- Experience with Databricks, Python, R, and/or SQL
- Experience collaborating on cross-functional team projects
- Experience with mentoring colleagues or peers
- Experience with time-management around multiple workstreams
Benefits
- Competitive pay and comprehensive benefits for employees and their families
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
pricing analysisrate developmentportfolio managementtrend analysisloss development factorsexpense assumptionspredictive modelingpricing studiesdata transformationstatistical analysis
Soft skills
communicationcollaborationmentoringtime management
Certifications
Zurich Certified Insurance ApprenticeFCASACAS