Reserving Actuary-Hybrid

Reserving Actuary-Hybrid

Zurich Insurance Europe AG are currently hiring for a Reserving Actuary. Working in the Actuarial department, the key purpose of this role is to provide actuarial support to the Finance Division. This role will report to the Head of Actuarial Reserving and will be based in our Blackrock office. 

This role may be available part-time 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.  Please talk to us at interview about the flexibility you may need.

Your Role

The duties of the successful candidate will include but not necessarily be limited to the following:

Key Accountabilities:

• Coordinate, prepare and perform the calculation of reserves and reserve reviews across all Irish lines of business.
• Develop, prepare and discuss key reserving financials with local and European management. 
• Contribute to enhanced business partnering communication of reserving, planning and performance measurement outputs across the domestic Irish business.
• Support the business planning process, statutory account filings, Solvency II and capital projects as well as reinsurance analysis.
• Monitor and analyse the performance of the business, claim trends and developments in the Irish market.
• Actively suggest and contribute to the continuous development and enhancement of reserving and reporting tools and processes.
• Participate in and lead ad hoc projects and reviews as necessary, e.g. support projects by the UK Centre of Excellence or Group Actuarial.
• Provide training and support to team members.

Key Performance Indicators:

• Successful delivery and implementation of reserving analysis and/or initiatives into the business (including reserving innovation and demonstration of adding value)
• Quality of reserve analyses is fit for purpose and robust
• Compliance with agreed business procedures and Company policies
• Positive feedback from team, business partners and stakeholders
• Continuous professional development and enhancement of business and technical experience
• Successful delivery and implementation of process efficiencies or improvements in our effectiveness
• If nearly qualified, exam progress toward achievement of local (IFoA) qualification consistent with local exam study plan
• If nearly qualified, effectively use study time to pass exams, effective scores for all exams attempted

Relationships:

Internal

• Developing business relationships with Actuarial, Finance, Underwriting, IT, Claims.
• Liaise with actuarial colleagues in the Centre of Excellence, Group Actuarial
• Consults closely with all parties on the development of reserving methodologies.

External

• Some direct contact with auditors or other insurance regulatory bodies or service providers as required
• Strong industry network including Society of Actuaries in Ireland (SAI) and UK Institute and Faculty of Actuaries (IFoA)

Your Skills & Experience

As a Reserving Actuary your skills and qualifications will include: 

Qualifications/Experience:

• Ideal candidate will have a previous experience working in a similar role in the general insurance industry.
• Track record of actuarial reserving and supporting the business delivering change in a complex environment.
• Qualified or nearly qualified member of a recognised professional Actuarial Organisation (IFoA, SAI, CAS, DAV, SAV etc).
• High level of numeracy and computer literacy.
• Strong Excel skills. Strong VBA, Access, Word, PowerPoint and other technical software skills (e.g. ResQ, SAS) are desirable.
• Strong analytical skills and decision-making ability.
• Demonstrate a logical, methodical and systematic approach to work while also being able to adhere to strict deadlines.
• Self-motivation with the ability to suggest solutions to problems desirable.

Non Technical Competencies:

• Excellent organizational and planning skills;
• Excellent communication skills, both written and verbal, with the ability to communicate effectively at all levels;
• Ability to think clearly and logically;
• Ability to establish and maintain constructive business relationships with all contacts inside and outside the Company;
• Ability to seek out and use all available sources of information to make informed decisions and to solve problems;
• Positive and flexible attitude to change;
• Ability to think creatively to solve problems;
• Constructive and supportive working style;
• Team player;
• Customer focused approach.

Additional Information

Primary work location is Blackrock based but occasional travel may be required to other Zurich locations.

If you value an exciting and varied working environment and meet the above requirements, then our recruiter, Jemma Doran is looking forward to receiving your application by clicking on the button “Apply online”.

Who we are 

Zurich is one of Ireland's leading insurance companies providing a wide range of general insurance and life insurance products and services. The company employs over 1,000 people across its locations in Dublin and Wexford. 

Zurich is a strong brand – with our 53,000 employees worldwide form the basis of our success, helping our customers in 210 countries and territories to understand and protect themselves from risk. In order to deliver our services, we offer our employees flexible working models and interesting opportunities for further training & development. As a Zurich employee you benefit from a multitude of advantages as well as a strong culture, characterized by acceptance, diversity and team spirit.
 
At Zurich, we foster a culture of diversity and inclusion. Our purpose and values are designed to protect, inspire confidence and help our employees reach their full potential. We value and defend what is right and promote opportunities for equity among our professionals, regardless of gender, disability, LGBTQ +, race, ethnicity, generations, belief, etc. Join Zurich and be part of this culture. Together we are committed to delivering on our purpose - Let’s Create a Brighter Future Together!