Head of Reserving, Workers Compensation

Zurich North America is seeking a Head of Reserving for the Workers Compensation Line of Business. This role reports to the Chief Reserving Actuary. Our preferred location is our Schaumburg, IL or New York, NY office, other locations may be considered for the right candidate.

The Head of Reserving - Workers Compensation leads a team of actuaries responsible for reserve setting and testing, loss ratio forecasting, and financial planning for the Workers Compensation portfolio. This role has primary ownership of the reserving process and IFRS booking recommendations for Workers Compensation and plays a critical leadership role in technical governance, planning, and forecasting across the WC line of business.

The position leads the WC reserving view for the Expected Loss Ratio (ELR) recommendations and drives the reserving content for Virtuous Circle discussions with pricing, claims and underwriting. The role partners closely with Business Unit (BU) and Strategic Business Unit (SBU) leadership to ensure transparency, alignment, and a shared understanding of factors impacting loss reserves, financial forecasts, and financial plans for all WC segments.

This leader will work closely with senior leadership and drive operational initiatives across the Finance Actuarial function and the broader Actuarial Center of Excellence.

Responsibilities Include:

• Leading an Actuarial team that is responsible for all Finance Actuarial elements for our Workers Compensation Line of Business.


• Communicate results of analysis to stakeholders, including US Executive Leadership.


• Leading projects and initiatives to improve actuarial efficiencies.


• Monthly reporting and executive communication.


• Providing leadership on processes, as well as off-cycle improvement projects.


• Communicating information and results to a variety of technical and non-technical audiences across the organization, including senior leadership.


• Working on Ad hoc requests.


• Managing and coaching a team of actuarial professional employees, providing regular, actionable coaching and feedback to employees to review progress, recognize accomplishments, support development and/or improve performance.

Basic Qualifications: 

• Bachelor’s Degree and 12 or more years of experience in the Actuarial area plus FCAS or equivalent international certification
  OR


• Bachelor’s Degree and 15 or more years of experience in the Actuarial area plus ACAS or equivalent international certification
  AND


• Experience leading cross-functional teams


• Insurance Industry experience

Preferred Qualifications: 

• Experience in applying actuarial principles with experience in multiple actuarial disciplines (pricing, reserving, reinsurance) and in multiple Line of Business


• Several years of experience with US Workers Compensation Line of business


• Prior reserving experience including quarterly booking decisions


• Strong understanding of IFRS 17 and US statutory accounting for Workers Compensation


• Solid project management and organizational skills to work on multiple priorities, establish and meet deadlines


• Excellent communication skills, strong influence, and the ability to partner cross functionally within the organization 


• Knowledge and skills reflective of a senior practitioner who has progressed within Actuarial positions of increasing responsibility


• Experience with Microsoft Office suite and knowledge of statistical analysis software


• Strong verbal and written communication skills


• FCAS or ACAS

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply, your unique background matters to us.

The pay range shown is a national average and may vary by location. The proposed salary range for this position is $201,500-$330,100, with short-term incentive bonus eligibility set at 35%. This role is also eligible to participate in the company’s long-term incentive program. 

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg, AM - New York
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
 
Linkedin Recruiter Tag: #LI-BK1 #LI-Director