Reservig Actuary

Zurich Group and Cover-More Group have agreed to acquire AIG’s global personal travel insurance and assistance business (AIG Travel), including the well-known brand, Travel Guard.

This acquisition strengthens Cover-More Group’s global footprint and positions us as a leading travel insurer in both the U.S. and globally. This strategic move aligns perfectly with ZGV’s mission to make insurance more accessible, relevant, and meaningful to our customers. By expanding our global travel business platform, we will significantly grow our customer base. We will also strengthen our global capability through AIG Travel's global IT platform, providing an opportunity for Cover-More to extend its award-winning travel assistance apps to a broader set of partners and customers.

We are currently seeking a dynamic and experienced Reserving Actuary to lead US reserving for this business. The position will report to the Life and A&H Chief Actuary and our preference is the position be located in our Schaumburg, Chicago, or New York City Office. For the right candidate, we will consider our Toronto, Canada office as well.

To fulfill the objectives of the role the successful candidate will work collaboratively with actuarial business partners, including insights into risks, underlying performance and implications for the business. Assists in the training of less experienced personnel.

Key Accountabilities

RESERVING specific

• Under minimal supervision, support reserving, portfolio profitability management, reinsurance, or market-facing business units in complex environments and lines of business.
• With appropriate review, coordinate, prepare and perform actuarial analyses including loss and premium projections, consultation on actuarial models, or capital modeling
• Support Finance, market-facing business units, Claims, Risk, Capital Management, and other functions on reserving and strategic business decisions.
• Provide consultation and technical expertise on actuarial models and risk issues.
• Ensure that the claims provisioning processes for assigned Business Unit(s) are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
• Business Travel, as required
• Extended Hours during Peak Periods, as required
• Pass Applicable Actuarial Exams, a, as required
• Regular Predictable Attendance
  
  

Basic Qualifications:

• Zurich Certified Insurance Apprentice, including Associates Degree OR
• Bachelors Degree AND
• 5 or more years of experience in the Actuarial area plus FCAS or equivalent international certification OR
• 10 or more years of experience in the Actuarial area plus ACAS or equivalent international certification
  
  

Preferred Qualifications:

• Experience in multiple functional areas (pricing, reserving, capital management) and knowledge/skills reflective of a senior practitioner
• A working knowledge of IFRS 17
• Experience with Travel and/or A&H type products
• Strong verbal and written communication skills
  
  

At 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 proposed salary range for this position is $130,000.00 - $213,000.00, 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/vet

Zurich 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 - Chicago, AM - New York, CA - Toronto - 100 King

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

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