Risk Actuary - (Part-Time, Job-Share and Full-Time)

Risk Actuary -  (Part-Time, Job-Share and Full-Time) Location:  Flexible (although must be happy to commute to Swindon when required. Remote working at present) The opportunity 

As a Risk Actuary, within the Life and Pensions Financial Risk and Insights team, you will support the oversight of financial reporting, reinsurance, investment, proposition development and pricing. You will challenge the capital adequacy of the business and provide technical risk opinions to the business, working with the wider Risk team. You will promote a culture of sound risk awareness to increase risk identification and mitigation and will help to implement processes and ensure alignment with strategic business objectives and risk appetite. This opportunity will give the successful candidate experience to develop technical skills and a commercial understanding of the market.

The team works in an agile manner, where roles and responsibilities evolve and are shaped, enabling colleagues to gain new, interesting and varied work.

This role is available part-time, job-share or full time. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full-time.

Key responsibilities 
  • Support the operation of a robust financial risk framework, with close engagement with the wider Risk team, the first line business and technical functions. Including leading/supporting Standard Formula Appropriateness, Actuarial Function Report and minimising model risk.
  • Support the Chief Risk Officer in providing risk opinions on risk mitigation, reinsurance, investments, product design and pricing, risk appetite and capital analyses.
  • Develop a deep understanding of the stress and scenario framework and provide technical support to the ORSA process.
  • Identify and mitigate risks to the business and work to improve quality of processes
  • Maintain appropriate level of technical expertise and knowledge of regulations, professional guidance and gain the understanding of the UK business and strategy.
  • Support and mentor junior members of the team.
  • Create and maintain strong working relationships within Risk, Finance and across the wider business.
  • Your skills and experience
  • Qualified actuary with 1-3 years post qualification experience (or relevant other experience)
  • Strong business acumen and knowledge of the life insurance industry
  • Strong communication and interpersonal skills for effective stakeholder engagement
  • Technical actuarial skills applied to report writing, problem-solving and project tasks
  • Self-motivated and driven to deliver to set deadlines
  • Motivated to take responsibility for tasks, managing expectations and stakeholders
  • The reward:

    As well as a competitive salary we also offer an excellent lifestyle benefits package which includes:

  • 12% Non Contributory pension scheme
  • Annual company bonuses
  • 25 days holiday plus an additional 3 volunteering days
  • Car allowance
  • Private medical cover
  • Income Protection
  • Life Cover
  • Discounted gym membership
  • Discounted gadget insurance
  • Discounted technology offers
  • Virtual GP appointments
  • Plus much more! 
  • At Zurich, we will consider requests for flexible working on hiring. Many of our employees work flexibly in many different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours. Please talk to us at interview about the flexibility you may need.

    Who we are:

    With about 55,000 employees serving customers in more than 170 countries we aspire to become the best global insurer as measured by our shareholders, customers and employees. 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. The success of our business is built on the contributions of our highly talented employees - people who work every day to position us at the forefront of the insurance industry. We therefore look to hire great people and we encourage those people to give their best.

    You’ll feel the support of being part of a strong and stable company. A long-standing player in the insurance industry, we make every effort to address the career development needs and plans of our employees to ensure their success in the future.

    Further information:

    At Zurich, we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work we have a diverse mix of customers and we want our employee base to reflect that.

    Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics.

    With the above in mind we accept applications from everyone regardless of your background, beliefs or culture however we especially welcome applications from women, people from ethnic minorities, people with a disability and people who are LGBT+ as these groups are currently under-represented in our organisation.

    We are committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity through the Zurich Community Trust.

    We have won numerous awards for our work on Diversity and Inclusion. We are also proud to be nominated for the 2020 Insurance Times award for Diversity and Inclusion. You can read about our awards on our website.

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

    • Location


    • Sector:

      Finance & Accounting

    • Job ref:


    • Published:

      29 days ago

    • Expiry date:


    • Client: