Head Of Reserving, Liability

Zurich Insurance Company Ltd

Schaumburg, IL, US
Base: $201,500-$330,100; bonus/equity: 35% short-t...
Hybrid
Liability portfolio management
Ifrs booking recommendations
Technical governance and planning
Zurich Insurance Company Ltd is seeking a Head of Reserving for its Liability Line of Business, responsible for leading a team of actuaries and managing the reserving process, loss ratio forecasting, and financial planning. The position requires significant experience in actuarial roles, particularly within the insurance industry, and offers competitive compensation and benefits within a supportive company culture

Job Summary

  • This role has primary ownership of the reserving process and IFRS booking recommendations for Liability and plays a critical leadership role in technical governance, planning, and forecasting across the Liability line of business.
  • The position leads the Liability 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 Liability segments.

Matching Summary

Match Score: 85

Zurich Insurance Company Ltd is seeking a Head of Reserving for its Liability Line of Business, responsible for leading a team of actuaries and managing the reserving process, loss ratio forecasting, and financial planning. The position requires significant experience in actuarial roles, particularly within the insurance industry, and offers competitive compensation and benefits within a supportive company culture.

Salary

Base: $201,500-$330,100; Bonus/Equity: 35% short-term incentive bonus eligibility, long-term incentive program eligibility; Benefits: Not specified

Skills & Requirements

Must-have

  • Liability portfolio management
  • IFRS booking recommendations
  • Technical governance and planning
  • Expected Loss Ratio recommendations
  • Cross-functional partnership with BU/SBU leadership

Nice-to-have

  • Driving operational initiatives
  • Coaching and developing actuarial professionals
  • Improving actuarial efficiencies

Key Requirements

  • Bachelor’s Degree and 12+ years in Actuarial area + FCAS or equivalent
  • Bachelor’s Degree and 15+ years in Actuarial area + ACAS or equivalent
  • Experience leading cross-functional teams
  • Insurance Industry experience

Work Rights

Not specified

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