Reserving Retail Actuarial Analyst

Zurich Insurance Company; Greater London; Hybrid; GBP 40,000 - 60,000; Part time

Job summary

A major insurance provider seeks an actuarial analyst to join their UK Actuarial Reserving Retail team in London. This role involves preparing reserve reviews, ensuring data accuracy for reporting, and providing insights to various teams. Candidates should be part-qualified actuaries with strong numeracy, analytical skills, and experience with data management and programming. The position allows for full-time, part-time, or job-share arrangements, offering flexibility for work-life balance.

Benefits

12% defined non-contributory pension scheme

Annual company bonus

Private medical insurance

Option to buy or sell holiday days

Qualifications

• 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.

Responsibilities

• Prepare and perform quarterly reserve reviews, including loss projections.
• Ensure timely delivery and accuracy of reserving data for reporting.
• Provide actionable insights to Finance, Pricing, Underwriting and Claims teams.
• Collaborate with internal audit teams and external auditors.
• Identify and implement opportunities to enhance actuarial processes.

Skills

Numeracy skills

Analytical approach

Data management

Programming skills (SQL, R, VBA)

Team-working

Communication skills

Attention to detail

Enthusiastic attitude

Adaptability

Experience in P&C reserving

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 : 9th January 2026

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 Captial 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.

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.

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. #LI-HYBRID