Job Description

Location: London

The Opportunity:

An excellent opportunity has arisen for a Senior Actuary to join the P&C Capital Actuarial team. This is a rewarding role, supporting the UK Chief Actuary in their Capital Management responsibilities. The role will require active engagement with the wider business departments and therefore an understanding of GI Business is essential, in addition to experience in Capital modelling and senior stakeholder management. Using your strong analytical skills and business acumen, you\'ll work alongside some of the most talented qualified actuaries.

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?

• Capital management function for UK branch responsible for managing capital and capitalisation activities e.g. management actions.
• Ensure delivery of analysis supporting the buffer, and reporting requirements including quarterly and annual model change reports.
• Ensure successful running of Capital Committees and effective contribution to business governance fora.
• Ensure delivery and validation of regulatory submissions to PRA - QRTs, templates.
• Contribute to additional reporting requiring capital management input e.g. ORA/AFR etc.
• Ensure delivery of UK Branch premium and reserve risk parameterisation and required signoffs.
• Support the production and use of other applicable internal models within the Group e.g. SST, economic model etc.
• Support embedding the model output into the business and model use including risk based return in product strategy, reinsurance purchase, strategic asset allocation etc.
• Effectively manage senior stakeholders across the business on capital related matters and be able to do Board trainings.
• Participation at executive committees
• Operate as a Capital SME in various Projects and business activities and produce ad-hoc modelling and capital analyses as required.
• Liaising with the Group capital and risk teams on modelling and parameterisation and supporting their reviews.
• Liaising with local reserving, pricing, underwriting, finance and risk teams on a regular basis.
• Support model changes for the Group model and development if any.
• Adherence to model governance and model controls suite.
• Manage a small team with direct reports, which includes both senior and junior analysts.

What are we looking for?

• Qualified Actuary with experience in capital modelling and management
• Any prior experience of regulatory engagement would be advantageous
• Relationship building and communication skills.
• Quick grasp of different models, codes and processes and commercial acumen
• Grasp of investment assets and their characteristics is desirable
• Excellent team-working, interpersonal and mentoring skills
• 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.

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.

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 \xc2\xa390 million. #li_hybrid

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

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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.
• 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. We were the first insurer to sign the \'UN Business Ambition for 1.5\xcb\x9aC\' pledge.
• Our charitable arm, Zurich Community Trust, has awarded grants and volunteered time to deserving causes in the UK valued at over \xc2\xa390 million.

Zurich