VP & Actuarial Director

Company:  Zurich NA
Location: Jersey City
Closing Date: 08/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

VP & Actuarial Director118234Zurich North America is currently looking for a VP & Actuary to lead and manage our Commercial Auto Pricing team. This is a senior actuarial role within Technical Underwriting and this leader will provide insights for the Commercial Auto Portfolio. Our preference is for the position to be based in our Schaumburg, IL office, with consideration for individuals who may be based out of another Zurich North America office location. Approximately 5% travel will be required for this position and will depend on location of the leader.The Technical Underwriting, Commercial Auto Pricing team is responsible for delivering the Auto product pricing which represents over one billion dollars of premium annually for Zurich North America. The Commercial Auto Pricing Team works closely with other Actuarial teams as well as Commercial Auto Product Management and Market Facing Underwriting teams to support achievement of Zurich’s financial objectives.This position reports to the Head of Casualty Pricing and works on a team with other LOB Pricing Managers.The VP & Actuary, Commercial Auto Pricing Manager will also be responsible for the following:Partner with the Business Unit Actuarial, Underwriting and Reserving functionsDetailed pricing analysis including the development of rates, rating plans, and portfolio management strategiesManage and deliver detailed Trend Analyses, Loss Development Factors and other Parameter updates as related to periodic loss ratio studies for tool updatesProvide input into the Technical Virtuous Circle for Auto portfoliosProvide input and guidance to actuarial, statistical, and IT functions to support current pricing toolsProvide Lead support for Pricing Tools and related monitoring including working knowledge of underlying data sources, dependencies, and Power BIBuild new or adhere to existing governance and monitoring frameworksSupport Virtuous Circle and AvE meetings across the organizationWhere appropriate, provide rate filing support including formal indications and evaluation of pricing levelsEstablish and maintain excellent communication and collaboration within as well as between teamsParticipate in Finance and Underwriting decision processes, providing independent challenge as part of decision makingLead, manage and mentor actuarial staff including the development of Individual Development Plans (IDPs) annually including mid-year and year-end performance appraisals.Basic Qualifications:Bachelor’s degree and 10 or more years of experience in the Actuarial area plus FCAS or equivalent international certificationORBachelor’s degree and 15 or more years of experience in the Actuarial area plus ACAS or equivalent international certificationANDPeople management skillsPreferred Qualifications:Experience in Commercial AutoExperience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitionerProficiency in pricing studies: rate indications, trend studies, parameter analysisProficiency with Pricing Tools including development, deployment, and post-implementation monitoringExcellent verbal and written communication skills, particularly possessing the ability to share technical results and recommendations to audiences at varying levels of analytic understandingExperience leading, managing, and mentoring actuarial teamsTechnical knowledge and multi-level leadership skillsExcellent execution, communication and influencing skillsSolution oriented, strong collaboration and conflict resolution experienceStrong executive presence and the ability to interact across all levels of the organizationTrack record of fostering business improvement and delivering change in a complex insurance environmentProject management experienceStrong preference for FCASCompensation 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, Clickhere ( . 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$168,400.00 - $275,800.00.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 ( ).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 clickhere ( 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 - Schaumburg, AM - Addison, AM - Albuquerque, AM - Anoka, AM - Atlanta, AM - Birmingham, AM - Boston, AM - Center Valley, AM - Charlotte, AM - Chicago, AM - Dallas, AM - Dayton, AM - Denver, AM - Farmington, AM - Fresno, AM - Gold River, AM - Greenwood Village, AM - Hartford, AM - Hollywood (FL), AM - Houston, AM - Independence, AM - Irvine, AM - Jersey City, AM - Los Angeles, AM - Maitland, AM - Melville, AM - Metairie, AM - New York, AM - Oklahoma City, AM - Omaha, AM - Owings Mills, AM - Parsippany, AM - Pasadena, AM - Philadelphia, AM - Phoenix, AM - Pittsburgh, AM - Portland, AM - Raleigh, AM - Richmond, AM - Rocky Hill, AM - Sacramento, AM - Salt Lake City, AM - San Diego, AM - San Francisco, AM - Seattle, AM - Sioux Falls, AM - Tallahassee, AM - Walnut Creek, AM - Washington DC, AM - Winston-Salem, AM - Woodland HillsRemote Working: HybridSchedule: Full TimeEmployment Sponsorship Offered: NoLinkedin Recruiter Tag: #LI-JM1 #LI-EXECUTIVE #LI-HYBRID

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