Reserving Manager

Zurich Australian Insurance Ltd.; London; Hybrid; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Reserving Manager to join their UK Commercial Actuarial team in London. This role offers the chance to work in a hybrid environment while leading the quarterly reserving exercises and mentoring junior team members. You will collaborate with talented actuaries and various business functions, providing insights and technical advice to enhance decision-making. The company values flexibility, encouraging diverse work arrangements to attract top talent. If you're a qualified actuary with strong analytical skills and a passion for teamwork, this opportunity could be your next career step.

Qualifications

• Qualified actuary with significant experience in P&C Actuarial, preferably in Commercial Insurance.
• High numeracy and analytical skills are essential for this role.

Responsibilities

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

Skills

Analytical Skills

Communication Skills

Teamwork

Attention to Detail

SQL

IFRS17

Education

Qualified Actuary

Tools

ResQ

Job description

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Reserving Manager

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 ways, including part-time, flexible hours, job share, remote work, or compressed hours. We want the best people for our roles and recognize that sometimes those people aren’t available full-time. Please discuss your flexibility needs during the interview process.

What will you be doing?

• Ensuring the timely and accurate delivery of Group and regulatory requirements with minimal supervision.
• Supporting the Head of CI Reserving with reporting and communicating results.
• Supporting business functions such as Underwriting, Pricing, and Claims.
• Driving discussions and contributing to the business plan, focusing on loss ratios.
• Providing technical advice within the Actuarial team and to the wider Finance team when needed.
• Guiding and supporting team members.
• Advising Finance, market-facing units, and other functions on reserving and strategic decisions.

What are we looking for?

• Qualified actuary with significant experience in P&C Actuarial, preferably in Commercial Insurance.
• SQL or other coding experience is desirable, along with familiarity with ResQ.
• Experience with IFRS17 is a plus.
• High numeracy and analytical skills are essential.
• Excellent teamwork, communication, and interpersonal skills.
• Attention to detail and professionalism in regulatory compliance.
• Enthusiastic, positive, and proactive attitude.
• Ability to manage competing priorities and meet deadlines.
• Adaptability and flexibility.

What happens next?

As an inclusive employer, we want all candidates to feel comfortable and perform their best during the interview. Please inform us of any reasonable adjustments or support needed during your application process.

Who we are:

Zurich aims to be a responsible and impactful global insurer. We are creating a brighter future for our customers, employees, and the planet.

With over 55,000 employees across more than 170 countries, we are a stable, long-standing leader in the insurance industry.

We focus on sustainable impact, employee wellbeing, diversity, and skill development. We also encourage community involvement through volunteering and charitable activities, including our Zurich Community Trust, which has donated over £90 million in the UK.

Our Culture:

We value community, diversity, and inclusion, and have received awards for these commitments. We strive to create a welcoming environment where everyone can bring their whole selves to work and reflect our diverse customer base. We are committed to fair hiring practices and respectful treatment of all applicants.

Our environment emphasizes wellbeing, offering support for physical, mental, social, and financial health through industry partnerships and programs. We also promote continuous learning and development.

We support employee involvement in volunteering, charitable work, and community service. Our charitable arm, Zurich Community Trust, has awarded grants and volunteered over £90 million to UK causes.