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About the Role

An actuarial analyst role within the UK Actuarial Reserving Retail team in London, focusing on SME segmentation, quarterly reserving exercises, and communication of results. This role is crucial for business insights and involves collaboration with various departments and supporting junior team members.

Responsibilities

• Setting up and refining processes, including new ResQ projects and projections, to enable an updated SME segmentation.
• Prepare and perform quarterly reserve reviews, including loss projections, technical reserves calculations for both gross and reinsurance, and cash flow projections.
• Provide Finance, Pricing, Underwriting and Claims teams with actionable insights into underlying performance and its implications for the business.
• Collaborate effectively with internal audit teams and external auditors by supporting audit activities, supplying relevant actuarial data, clear explanations, and thorough documentation, while ensuring compliance with regulatory and company standards.
• Proactively identify and implement opportunities to enhance actuarial processes and tools—boosting efficiency, accuracy, and alignment with best practices.
• Ensure the timely delivery and accuracy of reserving data and actuarial bookings for IFRS and Solvency II reporting.
• Work closely with colleagues to shape business plans, delivering actuarial analysis and forward-looking insights that help drive Zurich’s sustainable growth.
• Perform ad-hoc deep dive analyses to address specific business needs and support informed decision-making.
• Take an active role in the development of more junior members of the team.

Requirements

• Part-Qualified actuary and actively studying for the Actuarial exams.
• A high level of numeracy skills and an analytical approach to work is essential.
• Experience using ResQ or equivalent software is essential.
• Building ResQ projects would be desirable.
• Data management and good programming skills (e.g. SQL, R, VBA) are considered a strong advantage.
• Excellent team-working, communication and interpersonal skills are also required.
• A serious and professional attitude towards compliance of regulatory submissions with an eye for attention to detail in order to support accuracy.
• Enthusiastic and positive can-do attitude.
• Ability to manage competing priorities and driven to deliver to set deadlines.
• Adaptability and Flexibility.
• Experience in P&C reserving is required for this role.

Skills

• Numeracy
• Analytical approach
• ResQ
• Data management
• Programming (SQL, R, VBA)
• Team-working
• Communication
• Interpersonal skills
• Attention to detail
• P&C reserving

Location

• London

Work Type

• Part-time
• Job-share
• Full-time
• Hybrid working

Experience Level

• Part-Qualified actuary

Education Level

• Actively studying for Actuarial exams

Salary/Compensations

• Attractive salary and benefits package

Benefits

• 12% defined non-contributory pension scheme
• Annual company bonus
• Private medical insurance
• Option to buy up to an additional 20 days holiday
• Option to sell holiday
• Range of other flexible benefits

About the Company

• At Zurich we aspire to be one of the most responsible and impactful businesses in the world.
• With over 65,000 employees, you’ll feel the support of being part of a strong and stable company that is a long-standing player in the insurance industry.
• We’ve made a promise to each other and every employee: to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.
• If you’re interested in working in a dynamic and challenging environment where your creativity, ideas and contributions are recognised and rewarded, Zurich could be just the place for you. Be part of something great.

Equal Opportunity

• We’re committed to treating all applicants fairly and with respect, irrespective of their actual or assumed background, sexual orientation, disability or any other protected characteristic.
• As an inclusive employer we also want to ensure that all candidates feel comfortable and are able to perform at their best during the interview.
• You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.