Actuary

Location: Isle of Man

Closing date for applications: 1st July 2025

The opportunity: 

An exciting opportunity has arisen in the actuarial team. The team has a vacancy that will encompass Group and local management reporting as well as external regulatory reporting, other project work and supporting wider business areas. The successful candidate will join the actuarial management team and share the responsibilities for the various deliverables with other members of the team. The role holder will be managing around three team members.

Key responsibilities:

Key responsibilities would include from time-to-time support for some or all of the following tasks:

• Provide information required for financial and management reporting, including monthly liability valuations, monthly profit estimates, analysis of profits, and other information or analysis as required. 
• Complete IFRS17 calculations quarterly, for reporting to management, Corporate Centre, and regulators. 
• Complete Swiss Solvency Test calculations quarterly, for reporting to management and Corporate Centre.
• Complete half yearly calculations in respect of risk-based capital, risk-based return measure, and replicating portfolio product cash flow information.
• Complete three-year forecasts for the Life & Investments business as part of the planning cycle.
• Complete regulatory reporting for various branches and the home regulator in the Isle of Man. This includes quarterly regulatory returns and various ORSA’s.
• Complete annual cycle of assumption setting and review including managing various stakeholders across the business.
• Managing the audit relationship and the audit sign off.
• Support projects and other initiatives across the business as required.

Your skills and experience:

• Ideally a Qualified Actuary or nearly qualified making good progress with the Institute and Faculty of Actuaries’ exams.
• Bachelor’s Degree (or equivalent standard) education.
• Life insurance industry experience. Experience of risk based reserving an advantage.
• People management experience would be an advantage but not required as people management training will be given.
• In depth knowledge of actuarial techniques and accounting rules, relevant to the reporting work.
• Knowledge of the international life insurance industry, particularly from an actuarial viewpoint.
• Strong analytical ability, with an ability to balance this with a commercial understanding of the business.
• Communication, presentation and influencing skills.
• Advanced IT skills (spreadsheets, databases, SQL, VBA, “R”, and Prophet).
• Ability to express and consider any ideas and evaluate them objectively.

Who are we?
We are Zurich International Life!  
 
We support our fellow business units who provide life and savings products to markets around the world.  Based out of the Isle of Man since 1982, Zurich has built a strong reputation as a reliable, dependable yet innovative insurer and regularly receives recognition and awards from the industry. 
 

This role is based in our state-of-the-art Isle of Man office alongside a further 360 employees at this location.
 

Our culture:      
At Zurich on the Isle of Man, our sense of community is strong and we’re particularly passionate about diversity and inclusion. We want our people to bring their whole selves to the workplace and ensure everybody is made to feel welcome, regardless of their background, race, gender or sexual identity, beliefs, or culture. We are committed to treating all our applicants fairly and with respect, irrespective of their actual or assumed background, disability, or any other protected characteristic.    

We have 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 £90 million.    

Why Zurich? 
Aside from our fantastic office space, which we demonstrate in our video, we have a great benefits and reward package.  
 

Please take a look at the video for an insight into Zurich: 

https://players.brightcove.net/5768412917001/default_default/index.html?videoId=6318953386112 

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