Overview
Tesco Insurance • Reigate • Apply by 19-Sep-2025
Serving our customers, communities, and planet a little better every day.
Salary - From £75,000 + annual bonus & benefits
Work Level - 2
Permanent role
Location - Reigate
Office Attendance - Our roles are hybrid; you need to travel to our Reigate office 2 days per week for this role.
Closing Date for applications - 19th September 2025 at 5pm.
We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for. And that means we always work with heart. Whether we’re helping our customers or looking after our people, you’ll find there’s a warmth and friendliness to everything we do.
Opportunity
We’re recruiting a Capital Actuary in Tesco Underwriting to provide support with capital modelling of our insurance portfolio. Proven capital modelling experience is essential to be successful in this Capital Actuary role. We’re looking for a great team player who also has a keen eye for detail and ability to work independently.
The Role
* Ensuring regulatory compliance in relation to actuarial modelling.
* Supporting the Finance Director / Chief Actuary in ensuring wider PRA compliance in respect of the wider regulatory framework.
* Undertaking capital modelling to identify the level of capital required and support ORSA, Solvency II and other economic capital requirements.
* Assisting the Actuarial and Finance teams financial modelling, planning and forecasting activities; particularly in relation to capital metrics and the causes of movement between planned, forecast and actual results.
* Providing mentoring and coaching support to the actuarial team, providing technical advice and guidance and embedding a learning culture.
* Working with the Senior Capital Actuary and Chief Actuary, reviewing and evaluating actuarial policies to ensure they meet the needs of our business.
Qualifications (min exp)
* Degree or equivalent qualification or experience in mathematics or a suitably related discipline.
* Qualified or Nearly Qualified Actuary (Completion of CT exams or equivalent is essential).
* Knowledge of Remetrica / Igloo is advantageous.
* Proven ability to work as part of a team; fostering positive relationships and providing mutual support and guidance.
* Knowledge of Solvency 2 and Prudential Regulation Authority (PRA) regulatory framework and compliance/governance requirements.
What's in it for you?
* Prepare for your retirement with our colleague pension scheme.
* Private Healthcare & Virtual GP Service for you and your family 365 days a year.
* Performance related annual bonus.
* Generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
* Colleague Clubcard with 10% discount increasing to 15% every payday (worth up to £2K). A second card is provided to share with someone else.
* Green Car Leasing Scheme.
* Critical Illness cover.
* Family-oriented initiatives, including enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
* Buy as you Earn and Save as you Earn share schemes.
Everyone's welcome
We want all our colleagues to always feel welcome and be themselves. We are committed to building a more inclusive workplace and celebrating diversity, which enhances our ability to serve customers, communities and the planet.
Additional Information
We know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part-time and flexible working opportunities at every level of the organisation.
Interviews
Commencing September 2025.
Why Tesco Insurance and Money Services?
Seeing your impact all around you is rewarding. We’re helping colleagues and serving customers, communities and the planet a little better every day.
We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for. Everything we do is about making things better, for others and for you. You’ll get plenty of development, a voice, and balanced work life. You’ll feel welcome wherever you are.
Our story
Making Insurance and Money Services more rewarding and offering great value and choice. We began life in 1997 and now help more than 2 million customers protect what matters to them.
How to apply
We value our people and diverse teams. Our colleagues work in hybrid arrangements, with in-person meetings in offices as needed for moments that matter. If you’re interested in a career at Tesco Insurance and Money Services, click apply to find out more.
#J-18808-Ljbffr