Capital Actuary (12 month FTC)

Job Summary

The Zurich Technical Centre of Excellence (TCOE) in Dublin is a regional hub, providing a wide range of specialised services to EME and Zurich Insurance Europe AG (ZIE). We are looking for a qualified actuary to work in the TCOE Capital Actuarial team on the Solvency II Internal Capital Model, supporting ZIE in meeting its governance & regulatory requirements in related topics. This role is for a period of 12 months.

This is a great career development opportunity for an internal actuary with experience in areas such as GI or Life Reserving and Pricing to explore further domains of the Zurich business and widen out your technical and professional knowledge and experience, as well as your network. In particular, it will allow you to develop your understanding of capital modelling and capital management and give you exposure to the ZIE and wider Zurich internal capital models and related governance and regulatory requirements.

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

As a Capital Actuary, your responsibilities will include, but not necessarily be limited to, the following:

• Support the production and reporting of capital results and scenarios for defined risk types of the Solvency II Internal Model, including preparing data, reviewing results, providing briefings to management, preparing reporting templates and inputs to regulatory reports and internal controls.
• Contribute to internal model maintenance tasks and model development projects such as annual recalibration, parameter reviews, validation testing and addressing open validation findings, capital scenarios, methodology documentation, risk type deep dives and minor and major model changes
• Further develop and enhance our internal model processes, implementation and technical tools for analysis, reviews, documentation and parameter calibration, exploring and applying modern technologies
• Assist with regular processes including Standard Formula calculation, Reinsurance assessments, Profit and Loss Attribution, SFCR, ORSA and specific projects such as EIOPA studies, regulatory requests, M&A activities etc. 
• Collaborate with teams across the TCOE, ZIE head office and branches, and Zurich Group as necessary.

Your Skills and Experience

As a Capital Actuary, your skills and qualifications will include:

• Qualified actuary (per local society)
• Several years of actuarial experience, preferably non-life.
• Experience in multiple functions strongly preferred, in particular reserving, pricing and/or capital.

Knowledge

• Knowledge of actuarial professional guidance and relevant legislation.
• Knowledge of actuarial modelling concepts (Reserving, Pricing), financial and regulatory requirements (IFRS17, Solvency II), capital models (Internal Model and/or Standard Formula), SII Technical provisions and regulatory reporting; ability to apply this knowledge appropriately to diverse situations.
• Internal knowledge and understanding of Zurich business and processes.
• Knowledge of the insurance industry's trends, directions, major issues, regulatory considerations, and trendsetters.

Technical Skills

• Advanced knowledge of and ability to use spreadsheet software.
• Knowledge in tools such as R, Python, SQL, Databricks and PowerQuery is desired.
• Experience with the internal risk modelling platform (RMP) is a plus.
• Intermediate/Advanced knowledge of other statistical and actuarial tools and techniques and ability to apply modelling processes and techniques to facilitate risk and capital management decisions.

Professional & Communication skills

• Perform tasks as assigned with minimal supervision and more complex actuarial and capital model analyses under the supervision of a more experienced actuary.

• Fluent English, both oral and written; German is a plus.
• Deliver work to consistently high quality standards, including professional standards.
• Strong oral and written communication, presentation, and interpersonal skills.
• Ability to build strong working relations with colleagues of all levels and across locations.
• Able to meet deadlines, work under pressure and handle complexity.
• Professional, enthusiastic, positive attitude and flexibility to handle change.
• Self-motivation and drive; competent at taking the initiative, prioritizing, resourcing, planning and project management.

Additional Information

Primary work location is our TCOE office in Dublin 2, Sir John Rogerson’s Quay, Dublin 2. Position is office 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 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!