Reserving Manager

Zurich 56 Company Ltd; City Of London, London; Hybrid; GBP 45,000 - 75,000; Part time

Job summary

Join a forward-thinking company as a Reserving Manager, where you will lead the quarterly reserving exercise and mentor junior team members. This role offers the chance to work alongside talented actuaries in a hybrid environment, emphasizing flexibility and collaboration. You will be responsible for delivering insights to senior management while driving process improvements within the team. With a strong focus on analytical skills and business acumen, you will contribute to strategic decisions that shape the future of the organization. Embrace the opportunity to make a significant impact in a dynamic and supportive workplace.

Benefits

12% defined non-contributory pension scheme

Annual company bonus

Income Protection

Life cover - four times your salary

25 days holiday plus bank holidays

Option to buy/sell holiday

Three days paid volunteering

Up to 16 weeks' full pay for maternity/paternity/adoption leave

Access to Private medical insurance

Discounted gym membership

Qualifications

• Qualified actuary with significant experience in P&C Actuarial, ideally in Commercial Insurance.
• Strong analytical skills and business acumen required for this role.

Responsibilities

• Ensure timely and accurate delivery of Group and regulatory requirements.
• Support the Head of CI Reserving with reporting and communication.

Skills

Analytical Skills

Communication Skills

Interpersonal Skills

Numeracy Skills

SQL

Adaptability

Education

Qualified Actuary

Tools

ResQ

Job description

Reserving Manager

Job ID: 122716

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

Location: London - hybrid

At Zurich, we are committed to supporting every employee to progress in their careers and therefore encourage internal moves through a transparent posting and selection process. We also ask you to inform your current line manager about your application beyond the first interviews in the spirit of transparency.

The opportunity:

An excellent opportunity has arisen to join the UK Commercial Actuarial Reserving team in London. You will be responsible for the output of the quarterly reserving exercise, as well as communicating the results and related insights through to the Head of CI Reserving, the UK Chief Actuary, and the Commercial Insurance business. You will be responsible for mentoring more junior members of the team and working closely with the Head of CI Reserving and the CI LOB Actuaries. You will also work on team-wide tasks such as process improvement, planning, and group reporting.

Using your strong analytical skills and business acumen, you’ll work alongside some of the most talented qualified actuaries, as well as liaising with other areas of the business, including Finance, Claims, 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?

• With minimal supervision, help ensure the timely and accurate delivery of Group and regulatory requirements.
• Providing support to the Head of CI Reserving with reporting and communication of the results.
• Providing support to the business functions, including Underwriting, Pricing, and Claims.
• Driving discussions and production of the business plan with a focus on loss ratios.
• Providing technical advice and counsel within the Actuarial team and to the wider Finance team, when required.
• Providing guidance and support for team members.
• Supporting and advising Finance, market-facing business units, and other functions on reserving and strategic business decisions.

What are we looking for?

• Qualified actuary, with significant experience in P&C Actuarial, ideally in a Commercial Insurance setting.
• SQL and/or other coding experience would be desirable, as well as familiarity with ResQ.
• Experience in IFRS17 is desirable.
• A high level of numeracy skills and an analytical approach to work is essential.
• Excellent team-working, communication, and interpersonal skills are also required.
• A serious and professional attitude towards compliance with 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.

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.

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’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.

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.
• Our charitable arm, Zurich Community Trust, has awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.