Zurich Insurance Group

Auto Pricing Actuary - Commercial Lines Auto

Zurich Insurance Group$108K — $158K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Zurich Certified Insurance Apprentice or Bachelor's Degree required
  • 5-7 years of experience in actuarial roles, preferably in Personal Lines pricing
  • Progress towards ACAS designation or equivalent is essential
  • Experience in auto pricing is preferred
  • Strong analytical and communication skills, both verbal and written

Responsibilities

  • Support pricing for new business and renewals in Commercial Auto
  • Contribute to pricing governance through internal reviews and documentation
  • Develop and enhance pricing models and reporting tools
  • Analyze factors impacting loss costs and premiums for pricing initiatives
  • Monitor portfolio performance and pricing metrics for new and renewal business
  • Prepare actuarial analyses, including trend and rate impact studies
  • Assist underwriters with pricing analysis and recommendations

Benefits

  • Commitment to pay equity based on objective criteria
  • Comprehensive training and development programs
  • Dynamic work environment fostering collaboration and innovation
Full Job Description
What you will do
• Under general supervision, support the pricing of new business and renewal portfolios and the development of effective premium and rating structures for Commercial Auto.
• Contribute to pricing governance activities, including internal reviews, documentation, and interactions with internal partners, with guidance from senior team members.
• Support the development, maintenance, and enhancement of pricing models, algorithms, tools, and reporting capabilities.
• Develop a solid understanding of factors impacting loss costs, expenses, and premiums, and contribute to initiatives that continuously improve pricing sophistication and segmentation.
• Assist in monitoring portfolio performance, profitability, and key pricing metrics for new and renewal business.
• Prepare and perform actuarial analyses, including trend analyses, indications, rate impact analyses, and other pricing-related studies, with appropriate review.
• Support Market Facing and Technical Underwriters by providing pricing analyses and recommendations.
• Assist in the testing, implementation, and ongoing maintenance of pricing algorithms and rating tools in production environments.
• Remain informed of regulatory, market, and portfolio developments and incorporate learnings into pricing analyses.
• Operate within Zurich underwriting guidelines, pricing governance frameworks, and internal procedures.

Job Qualifications - What you bring to the table

Required:
• Zurich Certified Insurance Apprentice, including Associate Degree

OR
• Bachelor's Degree

AND
• 5-7 years of experience in the Actuarial area, preferably in Personal Lines pricing
• Progress toward actuarial designation (ACAS or equivalent international certification)

Preferred:
• Experience in auto pricing across one or more provinces
• Strong analytical, verbal, and written communication skills
• Ability to explain technical results to non-technical stakeholders

At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The salary range for this position is 108,000 - 158,000. This range reflects the expected pay for the role across Canada and may vary depending on factors like office location, specific responsibilities, and individual qualifications. As required by local law, Zurich provides in good faith a reasonable compensation range, but starting salaries may exceed this range based on a candidate's skills and experience.

Fluency in both spoken and written English is required to facilitate communication with internal and external stakeholders outside Quebec.

About Zurich Insurance Group

Zurich Insurance Group is a Swiss insurance company founded in 1872. It is one of the world's largest insurance companies, operating in over 215 countries and territories. Zurich provides a wide range of insurance products and services, including property and casualty insurance, life insurance, and pensions. The company is committed to sustainability and has set ambitious targets to reduce its carbon footprint and promote renewable energy. Zurich is also actively involved in supporting local communities through various charitable initiatives.
Learn more about Zurich Insurance Group
Size
52,930 employees
Industry
NASDAQ

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