Actuarial Analyst - SME Segmentation

Working hours: This role is available on a part-time, job-share or full-time basis.

Salary: Attractive salary and benefits package

Location: London, hybrid working with 2+ days in the office

Closing date for applications: 13th August 2026

The opportunity: An excellent opportunity has arisen to join the UK Actuarial Reserving Retail team in London within the SME sub-teams as an actuarial analyst. As a member of the team, you will be involved in setting up and refining processes to enable an updated SME segmentation, producing quarterly reserving exercises across multiple lines of business and assisting in communication of results and the impacts of change in segmentation – all of which are fundamentally important to our business. You will also be involved in supporting other sub-teams within the Retail Reserving team with a variety of tasks such as planning, deep dives and group reporting. Alongside these responsibilities you will take an active role in the development of more junior members of the team. Using analytical and mathematical skills, you’ll work alongside some of the most talented actuaries, as well as liaising with other areas of the business, including Pricing Finance and Underwriting.

What will you be doing?

• Setting up and refining processes, including new ResQ projects and projections, to enable an updated SME segmentation, which will provide greater insight to the wider business.
• 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.

What are we 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.
• Experience using ResQ or equivalent software is essential and 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.

What will you get in return?

Everyone’s different. That’s why at Zurich, we offer a wide range of employee benefits so our people can choose what fits them and their life. Our benefits provide real flexibility so our people can make considered choices and tailor their benefits throughout the year. Our 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, alongside a range of other flexible benefits.

At Zurich we aspire to be one of the most responsible and impactful businesses in the world. Together, we’re creating a brighter future for our customers, our people and our planet. 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.

Our culture: At Zurich, our strength comes from the diverse experiences, perspectives and talents of our people. Our goal is to create a workplace where every employee can flourish and where everyone feels valued, heard and respected. Over a quarter of our employees are members of at least one of our inclusion communities (Employee Resource Groups), with groups focused on areas such as social mobility and cultural awareness. We’re proud to have received numerous industry awards recognising our diversity and inclusion policies and initiatives. We’ve created an environment that places real importance on our people’s wellbeing from a physical, mental, social and financial perspective. We work with our wellbeing partners and industry experts to provide practical advice and access to a wide range of lifestyle support, alongside opportunities to learn, grow and develop the skills needed for the future. We actively support our employees to give back to their communities through volunteering and charitable activity. Our charitable arm, Zurich Community Trust, is one of the longest ‑ established corporate trusts in the UK. Together, we’ve supported causes across the UK through grants and volunteering, contributing over £100 million in funding and volunteered time.

Your application: 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.