Overview
Join to apply for the LON Actuarial Trainee role at Zurich Insurance. This opportunity is to join the UK Actuarial Reserving Retail team in London as an actuarial analyst.
What you'll be doing
* Prepare and perform quarterly reserve reviews, including loss projections, technical reserves calculations for both gross and reinsurance, and cash flow projections.
* Ensure the timely delivery and accuracy of reserving data and actuarial bookings for IFRS and Solvency II reporting.
* 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.
* Support the Capital team in the parameterisation of premium and reserve risks.
* 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.
What we're looking for
* Part-Qualified actuary and actively studying for the Actuarial exams.
* A high level of numeracy skills and an analytical approach to work is essential.
* 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 preferred for this role. Alternatively, we may consider candidates with a background in life and pensions.
What you get in return
Zurich offers a wide range of employee benefits to provide real flexibility and support tailoring benefits throughout the year. Benefits include 12% defined non-contributory pension scheme, annual company bonus, private medical insurance and the option to buy up to an additional 20 days or sell some of your holiday.
As an inclusive employer we provide reasonable adjustments or practical support needed when you apply.
Who we are
At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. We’re a diverse and inclusive employer with a focus on wellbeing and sustainable impact. We have over 55,000 employees in more than 170 countries and a long-standing presence in the insurance industry. We’re committed to fair recruitment and to treating all applicants with respect, irrespective of background or protected characteristics.
Our culture emphasizes community, diversity and inclusion, wellbeing, training and development, volunteering through Zurich Community Trust, and supported career growth. Be part of something great.
Seniority level
* Entry level
Employment type
* Full-time
Job function
* Finance
Industries
* Insurance and Financial Services
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