SME Segmentation Actuarial Analyst

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 1‑2 days in the office.

Closing date for applications: 30th June 2026.

The opportunity: An excellent opportunity has arisen to join the UK Actuarial Reserving Retail team in London within the SME Segmentation sub‑team 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 segmental reserving exercises across multiple lines of business and assisting in communication of the impacts of change in segmentation and financial risk – 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.

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 segmental 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.

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 preferred for this role.

Benefits: We offer a wide range of employee benefits so our people can choose what fits them and their life. Benefit highlights 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.

Equal Opportunity Statement: 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.