Actuarial Analyst, Reserving Transformation

About the Role

Zurich North America is seeking an Actuarial Analyst for its Actuarial Reserving Transformation team. This is a hybrid role based in Schaumburg, IL.

Key Responsibilities

• Support actuarial transformation initiatives, including process simplification and modernization, Group tool adoption, automation, and continuous improvement.
• Help shape and implement Agentic AI opportunities across actuarial reserving processes, improving productivity, transparency, and decision support.
• Partner with Group transformation teams ensuring alignment with enterprise capabilities while addressing local business needs.
• Prioritize and collaborate with the BU Reporting team to modernize reporting capabilities, improve transparency, and deliver actionable business insights.
• Collaborate with business stakeholders to translate operational challenges into practical AI, automation, and reporting solutions.

Requirements & Tech Stack

• Basic Qualifications:

• Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experience OR

• Bachelor's Degree with 3.0 cumulative GPA and No prior experience required in the Actuarial area.

• Successful completion of one or more actuarial exams.

• Preferred Qualifications:

• Progress toward CAS exams and commitment to pursuing ACAS and FCAS designations.

• Curiosity and enthusiasm for improving business processes through technology, automation, and AI-enabled solutions.

• Strong analytical and problem-solving skills with the ability to work through ambiguous or evolving business requirements.

• Demonstrated interest in technology, data, automation, and AI-enabled solutions, with exposure to tools such as Python, Databricks, Power BI, Excel, SQL, or similar technologies.

• Familiarity with or interest in actuarial reserving, financial analysis, and insurance operations.

• Ability to learn new concepts quickly and translate business needs into practical solutions.

• Strong communication and collaboration skills, with the ability to work effectively across actuarial, business, and technology teams.

• Demonstrated initiative, adaptability, and willingness to take ownership of assignments in a fast-paced transformation environment.

• Exposure to actuarial reserving, projects, process improvement initiatives, or technology implementations is a plus.

Location

• Hybrid in Schaumburg, IL or Chicago.

Compensation

• Proposed Salary Range: $65,900.00 - $108,000.00
• Short-term incentive bonus eligibility: 10%