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Insurance Actuary (Part-Time, Job-Share, Full-Time) job in London

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London Zurich Insurance Group

Job Ref:	109197
Employer:	Zurich Insurance Group
Sector:	Investment Life Insurance P&C/General Insurance/Non-Life
Qualifications:	Fully Qualified Actuary
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	United Kingdom
City:	London
Post Code:	Not specified
Map:	(Show on map)
Description
Location: London The Opportunity A fantastic opportunity has arisen for an commercially focused non-life Actuary to join the Legacy Solutions business of Zurich (focussed predominantly on run off portfolios), supporting regular reserving, investigations into portfolio performance and deal preparation. You will also provide support and advice to the Chief Actuary, the CFO, and to the actuarial business partners across specified portfolios. The right person in this role can make a material difference to ZLS overall management and results Zurich Legacy Solutions (ZLS) is a global business unit in Zurich managing insurance portfolios across multiple lines (life and non-life) and geographies. ZLS is a material part of the Global non-core segment of Zurich, and the actuarial team is a key part of the business, involved in internal acquisitions, ongoing portfolio management and deals/disposals. 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. This is because we want the best people for our roles, and we recognise that sometimes those people aren't available full-time. Please talk to us at interview about the flexibility you may need. What will you be doing? Reserving You will lead reserving activities, and support local business unit with reserving on ZLS portfolios in complex environments and lines of business. With appropriate review, you will coordinate, prepare and perform actuarial analyses including loss and premium projections, consultation on actuarial models You will support Finance, market-facing business units, Claims, Risk, Capital Management, and other functions on reserving and strategic business decisions, providing consultation and technical expertise on actuarial models and risk issues. You will ensure that the claims provisioning processes for assigned Business Unit(s) are appropriately governed in accordance with Group, Regional, and Local regulatory policies. You will provide actuarial support and advice on internal reserve transfers from EMEA and Asia Pacific Business Units. There is the potential to provide additional support to members of the team focused on portfolios in the USA Through the portfolio management phase, you will support the Chief Actuary/Head of Claims performance in identifying analytical approaches to improve understanding of claims trends, and identifying potential management actions Deal preparation As portfolios are identified to take to market, you will work with the ZLS deal team on analysis to help support/position the sale You will assist in drafting/preparing relevant actuarial sections of deal sale documents As required, support the Chief Actuary by participating in market facing discussions on specified portfolios Adhere to professional standards of practice as defined by the relevant local actuarial society, regulatory body, or other governing body. General Business Accountabilities Provide professional actuarial support and advice to actuarial business partners including insights into underlying performance and implications for the business. Analyse data and undertake complex modelling using established methodologies to quantify risk and support business decision making. Perform more complex analyses as assigned under the supervision of a more experienced actuary. Work closely with ZLS MI to ensure quality data and support robust decisions Manage the flow and quality of relevant actuarial data to ensure robust output Contribute to on-going monitoring of portfolios, providing in depth analysis with an aim to stabilise the financial results of the portfolio. Ensure that processes and standards are consistent with internal Zurich actuarial policies and guidance and, where relevant, compliant with regulations; lead the implementation of systems and process improvements in own area. Participate in analyses and provide high quality actuarial advice to facilitate business decisions related to mergers & acquisitions and/or special projects that are outside of normal business as usual or geographic responsibilities. Research best actuarial practice and review/analyse current practice area to support senior management in developing and improving processes and systems. Make informed actuarial recommendations based on professional judgment and experience. You will provide actuarial support on internal reserve transfers from EMEA and Asia Pacific Business Units. Participate in analyses and provide high quality actuarial advice to facilitate business decisions related to mergers & acquisitions and/or special projects that are outside of normal business as usual or geographic responsibilities. What are we looking for? Qualified actuary in a locally recognised actuarial body, with at least 5 years post qualification experience Experience in multiple functional areas (reserving, capital management, pricing etc.) and/or multiple Business Units and/or multiple Lines of Business Knowledge or experience of working within the Insurance industry Experience with actuarial elements of M&A What happens next? As an inclusive employer we 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. 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. 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. If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. Be part of something great. Our Culture: At Zurich, our sense of community is strong and we're particularly passionate about diversity and inclusion, which we've won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture. We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic. We've an environment that places a 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 the best advice and access to a wealth of lifestyle support. We're also committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities. We're passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity. Our charitable arm, Zurich Community Trust, is one of the longest-established corporate trusts in the UK. In that time, we've awarded grants and volunteered time to deserving causes in the UK valued at over £90 million. #LI_HYBRID So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us. The financials 12% defined non-contributory pension scheme. Annual company bonus. Income Protection. Life cover - four times your salary. Time away 25 days holiday a year plus bank holidays. You can also request to swap UK bank holidays for days off that have cultural or religious significance to you. The option to buy up to an additional 20 days or sell some of your holiday. Three days paid volunteering. Up to 16 weeks' full pay for maternity, paternity and adoption leave. Your health is important to us Access to Private medical insurance. Virtual GP appointments. Discounted gym membership. Free flu jab. Access to a wealth of support from our wellbeing partners. We're making a difference Creating a brighter, more sustainable future underpins all that we do here in Zurich. We were the first insurer to sign the 'UN Business Ambition for 1.5°C' pledge. Our charitable arm, Zurich Community Trust, has awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.

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