Actuarial Analyst OR Senior Actuarial Analyst, F&I Pricing

Zurich is currently looking for an Actuarial Analyst or Senior Actuarial Analyst to join our Finance & Insurance (F&I) Actuarial Pricing Team.  This is a hybrid role working out of one of the following offices: Chicago or Schaumburg, IL or New York City, or Overland Park, KS  Finance & Insurance (F&I) products are primarily sold in automotive dealership to customers as part of the new car buying process. 

F&I Products include:

• Vehicle Services Contracts (VSC) which provides mechanical breakdown coverage, rental reimbursement, trip interruption, and emergency roadside assistance
• Guaranteed Asset Protection (GAP) which provides coverage for the difference between the outstanding loan/lease balance and the actual cash value of the vehicle in the event of total loss or theft
• Road Hazard, Tire, & Wheel coverage.

As an Actuarial Analyst, you will be a primary point of contact and resource for the underwriters, and underwriting managers. In this individual contributor role, you will work independently on account pricing as well as lead more complex analytical work.  Examples of this include:

• Assisting with the development of account-based model pricing structures and leveraging profitability analysis
• Partnering with regional business leaders and underwriters on both transactional and strategic account decisions; most notably by providing actuarial calculations, including:
• Risk transfer analysis
• Large complex loss forecasts and unique rating plan structure 
• Large account collateral needs
• Supporting and training underwriters in pricing and loss forecasting concepts, model outputs and tools, and providing a feedback channel to ensure the issues faced by the tool users are being addressed by the tool designers
• Participating in internal audits and occasional meetings with brokers, outside actuarial consultants, and/or customers
• Understanding profit drivers on portfolio and book segments and communicating insights as needed
• Providing leadership with recommendations on key parts of the large account book of business to help drive strategic profit and growth
• Developing strategic partnerships with the business segment leadership, portfolio managers, and underwriters 
• Helping underwriters craft a story and support the deal proposal with sound rationale for rate increases, term changes, coverage adjustments, etc. beyond “the model says so”
• Managing the demands of the various stakeholders, ensuring predictable and timely completion of work.

This is an opportunity to gain broad exposure to our various casualty lines of business, business segments and customers/prospects. You will also gain valuable underwriting insights and business knowledge working within an underwriting framework. As part of the expectations in this role, you will remain current with regulatory/market conditions to apply this knowledge in pricing solutions and recommendations.

This role will be filled at either the Actuarial Analyst 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:

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

OR

Senior Actuarial Analyst:

• Bachelors Degree in Mathematics/Statistics or Actuarial Sciences

AND

• 5 or more years of experience in the Actuarial area

Preferred Qualifications:

• Property & Casualty actuarial pricing experience
• Experience with Microsoft Excel and/or knowledge of statistical analysis software
• Strong verbal and written communication skills
• Ability to explain technical analysis results to non-technical audiences
• Established goal to obtain ACAS and eventually FCAS

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us.

The combined salary range for this position is $87,200 to $188,700. The proposed salary range for the Actuarial Analyst is $84,200 to $142,700, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Senior Actuarial Analyst is $115,200 to $188,700, with short-term incentive bonus eligibility set at 15%.  

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg, AM - Chicago, AM - New York, AM - Overland Park
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  

Linkedin Recruiter Tag: #LI-AW1 #LI-ASSOCIATE