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IFRS17 Reporting Actuary - (Part-Time, Job-Share and Full-Time)


IFRS17 Reporting Actuary (Part-Time, Job-Share and Full-Time)

Location: Swindon



We’re the #1 best place to work in the insurance industry!

We’re delighted to have been awarded a Glassdoor Employees' Choice award, recognising us in the top 20 UK’s Best Places to Work in 2022 and the only UK insurer to make the list. The Employee’s Choice award recognises employers that shine brightest according to those who know a company best – the employees.



The opportunity: 

We are looking for a qualified actuary (or candidate with equivalent expertise and will consider senior/experienced students) to join our life valuation reporting team. The role is to work on IFRS reporting and modelling with particular focus on the implementation, valuation and understanding of the new IFRS 17 process and results, and how these compare to existing reporting measures such as IFRS4 and Solvency II.


The valuation reporting team is responsible for the monitoring, reporting, forecasting and longer term business planning for Zurich’s UK Life business under a range of reporting measures, including SII, Swiss Solvency Test, IFRS and UK GAAP. The team provide insights into the strategy and performance of the company and works in close collaboration with other finance and business areas as well as the Global Corporate Centre.


We are looking for a self-driven individual, preferably with life assurance reporting and cash flow modelling experience, and IFRS17 knowledge/experience would be an advantage. This role would suit a candidate with good technical, analytical, communication and modelling skills. The candidate should have a strong appreciation of controls and governance, be capable of working independently within a small team and be enthusatic about working collaboratively with a range of actuarial, finance and busines areas.


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: 

  • Work within the valuation reporting team and with the IFRS17 project implementation team to implement the IFRS17 CSM processes and models into regular reporting.
  • Once IFRS17 is live, work collaboratively in the valuation reporting team to deliver the IFRS17 results, and all the associated analysis and reconciliations.This will include delivery of  monthly and quarterly results  (actuals and forecast) and the regular business plan.
  • Provide support in liaising with senior management and key stakeholders to explain the IFRS17 results and related insights.
  • Develop a culture of continuous improvement that focuses on developing processes and systems, and enhancing the service provided to all stakeholders
  • Develop and maintain a strong controls and governance focus around all aspects of models, processes, reporting and alnalysis.
  • Create and maintain strong working relationships across relevant Finance and business areas.



Your skills and experience:

  • Fellow of IFoA  (or similar experience) with experience of working in an actuarial reporting team.
  • Commercially aware with experience of the life insurance industry, and regulatory environment.
  • Experience of reporting procedures, processes and operating controls for a robust delivery of reliable and accurate financial reporting to auditable standards.
  • Actuarial modelling experience including understanding of cash flow modelling, assumption setting, assessing data quality and analysis of movements.
  • Experience with change control and documentation for processes and models.
  • Confident communicator that is able to explain technical material to a range of stakeholders.
  • Excellent IT skills, particularly Excel. Prophet, VBA, SQL also an advantage



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.

Apply now »