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Life Actuarial Development Actuary - (Part-Time, Job-Share and Full-Time)


Life Actuarial Development Actuary - (Part-Time, Job-Share and Full-Time)


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 team, as a development actuary. The role is to develop and improve the systems and processes used by the Life Actuarial team, by identifying improvements and delivering these and by incorporating the changes requested by the reporting teams. The development actuary will also chair the Development Group, prioritising and coordinating developments across the Life Actuarial department.


The Life Actuarial 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, with Prophet development experience and preferably life assurance reporting experience. This role would suit a candidate with good modelling, technical, analytical and communication skills. The candidate should have a strong appreciation of change controls and governance, be capable of working independently within a small team and be enthusiastic about working collaboratively with a range of actuarial, finance and business 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: 

  • Develop and improve actuarial systems, primarily but not exclusively deterministic Prophet, SQL and Excel spreadsheets.
    • Implement development changes as identified by the Reporting Teams and the Actuarial Systems Team.
    • Identify, design and development process improvements to further streamline reporting processes and ensure robust controls.
    • Understand and interpret data to ensure results are efficient, insightful and robust.
  • Prepare design and test documentation (unit / system / integration) for own developments, and review documentation from other developers, ensuring completeness, accuracy and adherence to Zurich standards.
  • Actively manage own time and workload, escalate issues and risks of likely deviation from agreed plan and agree resolution.
  • Chair the Development Group, to prioritise developments and coordinate efforts
  • Involved in running valuation processes for the purpose of:
    • running the process to assess what development is needed
    • to support initial roll out and embedding of a new development
  • 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.
  • Expert knowledge of coding Prophet, working knowledge of PE and other FIS software
  • Expert knowledge of Microsoft Excel, strong VBA and working knowledge of Microsoft Word and SQL
  • Actuarial modelling experience including understanding of cash flow modelling, assumption setting, assessing data quality and analysis of movements.
  • Understanding of different reporting measures; IFRS 4, SII, IFRS 17
  • Experience with change control and documentation for processes and models
  • Good report writing skills
  • Confident communicator that is able to explain technical material to a range of stakeholders.
  • Ability to work both independently and as part of a team



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 »