Actuarial Analyst, Reserving Transformation

About the Role

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

Key Responsibilities

• Support actuarial transformation initiatives, including process simplification, modernization, Group tool adoption, automation, and continuous improvement.
• Help shape and implement Agentic AI opportunities across actuarial reserving processes to improve productivity, transparency, and decision support.
• Partner with Group transformation teams to ensure 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 of technical/insurance experience, OR
• Bachelors Degree with a 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: Schaumburg, IL or Chicago, IL

Compensation

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