Reserving Retail Actuarial Analyst

Working hours: Part-time, job-share or full-time basis.

Location: London

Closing date for applications: 9th January 2026

Opportunity: An excellent opportunity has arisen to join the UK Actuarial Reserving Retail team in London as an actuarial analyst. As a member of the team, you will be involved in producing the quarterly reserving exercises across multiple lines of business and assisting in communication of the financial risk and its consequences – all of which are fundamentally important to our business. You will also be involved in developing and automating the reserving and financial reporting processes within the Retail Reserving team as well as the wider UK Reserving and Capital 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. Many of our employees work flexibly in a variety of different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours. We want the best people for our roles, and we recognise that sometimes those people aren’t available full-time. Please discuss flexibility needs in the interview.

Responsibilities:

• 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.

Qualifications:

• Part-Qualified actuary actively studying for the Actuarial exams.
• High level of numeracy skills and an analytical approach to work.
• Data management and good programming skills (e.g. SQL, R, VBA) considered a strong advantage.
• Excellent team-working, communication and interpersonal skills.
• Serious and professional attitude towards compliance of regulatory submissions with an eye for attention to detail.
• Enthusiastic and positive can-do attitude.
• Ability to manage competing priorities and to deliver to set deadlines.
• Adaptability and flexibility.
• Experience in P&C reserving preferred. Alternative experience in life and pensions also considered.

Benefits & Compensation: Everyone’s different. At Zurich we offer a wide range of benefits so our people can choose what fits them and their life. 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.

About Zurich: At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet. With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are 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.

Culture & Inclusion: We are passionate about diversity and inclusion, winning many awards for our commitment. We want our people to bring their whole selves to work and ensure everyone feels welcome, regardless of background, beliefs or culture. We support wellbeing across physical, mental, social and financial areas and provide comprehensive training and development opportunities. We also encourage volunteering and community activity through Zurich Community Trust, which has awarded over £90 million to UK charities.