LON Actuarial Trainee

Zurich; City Of London; On-site; GBP 40,000 - 60,000; Part time

Job summary

A leading international insurance provider in London is seeking a part-qualified actuarial analyst. In this role, you will prepare quarterly reserve reviews, ensure data accuracy for reporting, and provide actionable insights to various teams. You should possess strong numeracy, analytical skills, and experience with data management tools. Benefits include a defined pension scheme, annual bonus, and private medical insurance.

Benefits

12% defined non-contributory pension scheme

Annual company bonus

Private medical insurance

Option to buy or sell holiday days

Qualifications

• Part-Qualified actuary actively studying for the Actuarial exams.
• Experience in P&C reserving preferred or background in life and pensions.

Responsibilities

• Prepare quarterly reserve reviews including loss projections and technical reserve calculations.
• Ensure timely delivery and accuracy of reserving data for reporting.
• Provide actionable insights to Finance, Pricing, Underwriting and Claims teams.
• Collaborate with internal audit and external auditors for compliance.
• Identify opportunities to enhance actuarial processes.
• Support the Capital team in parameterising premium and reserve risks.
• Deliver actuarial analysis and insights for business plans.
• Perform ad-hoc deep dive analyses.

Skills

Numeracy skills

Analytical approach

Data management

SQL

R

VBA

Team-working

Communication skills

Attention to detail

Adaptability

Education

Part-Qualified actuary

Job description

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

Location: London

Closing date for applications: 16th October

The 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 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. 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?

• 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.

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.
• 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. Alternatively, we may consider candidates with a background in life and pensions.

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.

We are an inclusive employer and 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.

Zurich is an equal opportunities employer and welcomes applications from all sections of the community. We 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.