Reserving Manager

TN United Kingdom; London; Hybrid; GBP 40,000 - 80,000; Part time

Job summary

An established industry player is seeking a qualified actuary to join their Commercial Actuarial Reserving team in London. This role offers the chance to work closely with talented actuaries, drive discussions on business planning, and mentor junior team members. The company values diversity and inclusion, providing a supportive environment for personal and professional growth. With a commitment to employee wellbeing and community involvement, this is an opportunity to make a meaningful impact while advancing your career in a dynamic and challenging setting.

Benefits

Comprehensive training and development opportunities

Wellbeing support

Volunteering opportunities

Diversity and inclusion initiatives

Qualifications

• Qualified actuary with significant experience in P&C Actuarial.
• Strong analytical skills and business acumen are essential.

Responsibilities

• Ensure timely and accurate delivery of Group and regulatory requirements.
• Provide support for reporting and communication of results.

Skills

Analytical Skills

Communication Skills

Team-working

Numeracy Skills

Attention to Detail

Adaptability

Flexibility

Education

Qualified Actuary

Tools

SQL

ResQ

Job description

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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 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.

What will you be doing?

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

What are we looking for?

1. Qualified actuary, with significant experience in P&C Actuarial, ideally in a Commercial Insurance setting.
2. SQL and/or other coding experience would be desirable, as well as familiarity with ResQ.
3. Experience in IFRS17 is desirable.
4. A high level of numeracy skills and an analytical approach to work is essential.
5. Excellent team-working, communication and interpersonal skills are also required.
6. A serious and professional attitude towards compliance of regulatory submissions with an eye for attention to detail in order to support accuracy.
7. Enthusiastic and positive can-do attitude.
8. Ability to manage competing priorities and driven to deliver to set deadlines.
9. Adaptability and Flexibility.

What happens next?

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.

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.