Actuarial Analyst | Permanent
Hours: 36 hours per week. Work Level: 1. Location: Reigate (Blended Working). Expected to travel to the Reigate office 2–3 days per week. Starting Salary: From £38,000 – £47,500 (depending on experience). Closing Date: 21/05/2026 at 5pm.
Role Overview
We are looking for an Actuarial Analyst to join our Tesco Insurance and Money Services team. This role supports actuarial analysis underpinning financial reporting and business management by applying statistical and analytical techniques to complex data. It involves working with various data sources, models, and stakeholders to deliver insight into claims, pricing, risk, and forecasting while continuously improving data usage to support business decisions.
The Role
* Reserving and reporting: Delivering reserving analyses on a best estimate basis and contributing to internal and external reporting on insurance provisions under IFRS 17 and Solvency II. Optionally supporting standard formula capital calculations.
* Data management and analysis: Processing, maintaining, and analysing claims and policy data, ensuring high data quality, strong governance, and accurate, timely management information.
* Actuarial modelling and methods: Developing, maintaining, and validating actuarial models, assumptions, and data requirements, and applying appropriate statistical techniques to generate insights.
* Insights and decision support: Producing actuarial insights to support business decisions, supported by market and industry research.
* Process improvement: Supporting enhancements to reserving and reporting processes, actuarial systems, and methodologies with a focus on continuous improvement.
* Collaboration and stakeholder engagement: Working closely with Underwriting, Risk, Claims, Finance and other stakeholders to embed the actuarial function into the business.
Required Qualifications
* Experience in an actuarial or analytical role, ideally in general insurance reserving or capital work.
* Progress in an actuarial qualification through IFoA (or similar) exams.
* Flexibility to adapt to the changing insurance market.
* Strong numerical and analytical skills with the ability to interpret complex data sets.
* Ability to manage and prioritise work effectively to meet deadlines.
* A proactive and structured approach to problem solving.
* Strong communication skills, with the ability to present technical information clearly and work as part of a team.
* Experience using data tools and actuarial models.
* Continuous improvement mindset, looking for ways to enhance processes and outputs.
* Willingness to work collaboratively in person at our Reigate office 2–3 days per week.
Preferred Skills
* Experience with ResQ / SAS / Power BI.
* Exposure to IFRS 17 and/or Solvency II reporting bases.
* Experience with UK personal lines insurance, particularly motor.
Benefits
* Company pension scheme.
* Virtual GP Service available 365 days a year.
* Performance‑related annual bonus.
* Generous holiday allowance of at least 7.2 weeks, with the option to purchase additional days.
* Colleague Clubcard providing a 10% discount that increases to 15% each payday and a second card to share.
* Enhanced maternity leave pay, shared parental leave, and 8‑week paid paternity leave.
* Ongoing learning opportunities and award‑winning training.
* Participation in Buy‑as‑You‑Earn and Save‑As‑You‑Earn share schemes.
Interview Process
Interviews are expected to be held from June.
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