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The Opportunity

An excellent opportunity has arisen for a role in the Planning and Insight team (within the Actuarial Reserving team). You will be involved in the reporting of actuarial work, perform bespoke reserving exercises and deliver insights across the UK portfolio, while helping to communicate the financial risk and its consequences, all of which are fundamentally important to our business.

You will work closely with our UK Reserving teams – Retail, Municipal, Commercial and Legacy – to understand and report the UK-wide results, identify trends and bring insights to senior stakeholders from the wider business, with whom you will gain exposure on a regular basis.

Using strong analytical and mathematical skills, you’ll work alongside some of our most talented qualified actuaries. You’ll also liaise with other areas of the business, including Finance, Underwriting, Pricing and Capital, to develop a broad understanding of the business and promote process change that will result in a real difference.

There is flexibility in the location of the role, with the Actuarial Reserving team split between London and Fareham, with some travel likely between these locations when normal working resumes. Until this point, we are all working remotely from home. This role is available part-time, job-share or full time. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full-time.

Key Responsibilities

  • Report to the Head of Planning & Insight, liaising regularly with the Heads of Reserving and UK P&C Chief Actuary to provide support with the reviewing, reporting and communication of results on an IFRS and Solvency II basis each quarter (e.g. the P&I team own the production of the Reserve Committee pack and overall review of the Solvency II Technical Provisions)
  • Perform bespoke reserving analyses across the whole UK portfolio
  • Drive continuous improvement in all pieces of work conducted
  • Provide technical advice and counsel within the P&I team and to the wider Finance team
  • Collaborate with the Reserving teams, Finance and other departments around the UK and across the Group
  • Lead in the delivery of new analyses and insights to develop a deep understanding of the UK P&C business model, its underwriting strategy and its interactions with customers
  • Support and advise Finance, market-facing business units, and other functions on reserving and strategic business decisions
  • Drive the timely and accurate delivery of internal EMEA, Group and regulatory reporting requirements (e.g. QRTs and NSTs), both to the CBI and PRA
  • Clearly highlight, document and explain any assumptions made

Your skills and experience

  • Qualified/nearly qualified actuary with approximately 4-6+ years of relevant general insurance experience (e.g. reserving, regulatory reporting, Solvency II, data analytics, business planning, pricing, capital, finance bookings or auditing)
  • A serious and professional attitude towards compliance of regulatory submissions with an eye for attention to detail in order to support accuracy
  • A high level of numeracy skills and an analytical approach to work is essential
  • Passionate about driving insight and process improvement
  • Working knowledge of R, VBA, SQL or SAS of benefit
  • Experience in leading others (i.e. in terms of process and project management)
  • Experience in managing and coaching trainee actuaries
  • Excellent team-working, communication and interpersonal skills are also required
  • Professional manner, enthusiastic and positive attitude
  • Able to cope with change, manage and meet deadlines and work under pressure
  • Communicative, with an ability to understand the wider picture
  • Able to use a creative, open-minded and proactive approach

The reward

As well as a competitive salary we also offer an excellent lifestyle benefits package which includes:

  • 12% Non Contributory pension scheme
  • Annual company bonuses
  • 25 days holiday plus an additional 3 volunteering days
  • Private medical cover
  • Income Protection
  • Life Cover
  • Discounted gym membership,
  • Discounted gadget insurance
  • Discounted technology offers
  • Virtual GP appointments
  • Plus much more!

At Zurich we will consider requests for flexible working on hiring.  Many of our employees work flexibly in many different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours.  Please talk to us at interview about the flexibility you may need.

Who we are:

With about 55,000 employees serving customers in more than 170 countries we aspire to become the best global insurer as measured by our shareholders, customers and employees. If you’re interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions – then Zurich could be just the place for you. The success of our business is built on the contributions of our highly talented employees – people who work every day to position us at the forefront of the insurance industry. We therefore look to hire great people and we encourage those people to give their best.

You’ll feel the support of being part of a strong and stable company. A long-standing player in the insurance industry, we make every effort to address the career development needs and plans of our employees to ensure their success in the future.

Further information:

At Zurich we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work we have a diverse mix of customers and we want our employee base to reflect that.

Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics.

With the above in mind we accept applications from everyone regardless of your background, beliefs or culture however we especially welcome applications from women, people from ethnic minorities, people with a disability and people who are LGBT+ as these groups are currently under-represented in our organisation.

We are committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity through the Zurich Community Trust.

We have won numerous awards for our work on Diversity and Inclusion.  We are also proud to be nominated for the 2020 Insurance Times award for Diversity and Inclusion.  You can read about our awards on our website.

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.

  • Job Type: Experienced Job
  • Field of Work: , ,
  • Experience Level: Nearly Qualified (11+ exams), Newly Qualified, Senior Qualified
  • Location: Remote Working/ Flexible Fareham or London
  • Contract Type: Permanent
  • Employment Type: Full Time, Part Time
  • Salary: Competitive + Benefits
  • Date Posted: 23 Sep 2021
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