Closing Date: Friday 19th July
Start Date: September 2024
Salary: A competitive starting salary of £21,840 for the apprenticeship role and £32,550 for the graduate role, in addition to a study package, including paid study days
The opportunity:
We are recruiting for several entry level roles as Actuarial apprentices or Actuarial graduates to join our UK Life Actuarial team. You will use your numerical, team-working, communication, and interpersonal skills while working on life, health, pension, and investment products. This could include pricing new or existing products, providing actuarial support for group-wide projects, financial risk management, modelling, reserving and financial reporting.
The UK Life Actuarial team are responsible for the monitoring, reporting, forecasting and longer term business planning for Zurich’s UK Life business and provide insights into the strategy and performance of the company. The team work in close collaboration with other finance and business areas as well as the Global Corporate Centre teams.
At Zurich we’re interested in hiring candidates with high potential. There’s no requirement to have specific knowledge of actuarial work, finance, or insurance beyond the motivation and knowledge that it is the career you wish to follow. We find that the best future actuaries are those with an analytical and logical mindset, who are adaptable to change, enjoy mathematical challenges, and have an eye for detail.
In this role you will learn, and be rewarded for doing so, whilst working with actuarial students and qualified actuaries on a variety of tasks. Zurich will support you in completing the Level 4 Actuarial Technical Apprenticeship with BPP Professional Education if doing the apprenticeship, or with the Institute and Faculty of Actuaries exams if joining us as a graduate, covering the associated costs and giving paid study days. We are serious about investing in our people. We run a mentoring scheme to help guide you through your early experiences and give you advice with structuring your exam and revision time. Working in a team alongside qualified actuaries will give you the best professional experience and we always encourage questions because the best students seek to understand what it is they are doing and why they are doing it.
What will you be doing?
You will be working in an actuarial role from day one, gaining experience working alongside a team of actuaries. During your time as an actuarial technician, you will rotate between teams to gain a great understanding of the breadth of actuarial work and how each team contributes to great customer protection and outcomes.
Throughout your training you will develop a variety of actuarial skills, such as:
1. analysing data using actuarial software and programming languages;
2. projecting financial results (profit and solvency) using expert actuarial judgements;
3. communicating your results to key stakeholders to inform business decisions;
4. continuously improving our processes including use of new technologies such as predictive analytics; and
5. analysing the business’ exposure to risks.
What are we looking for?
The key skills you will require for this role include:
6. Strong IT skills, knowledge of Excel is preferable (but not essential)
7. Comfortable with maths and a logical mindset
8. Appetite to learn
9. Ability to communicate
10. Effective personal planning and organisation
11. Able to build effective personal relationships
To be successful in this role, you’ll need:
12. Apprentice role: A-Level (or equivalent) in Mathematics at Grade B or above and a minimum of 5 GCSEs (or equivalent) at grade C/4 including Maths and English Language
13. Graduate role: a minimum 2:1 degree in a numerate discipline (achieved or expected); and at least 128 UCAS points in three A-levels including an A in Maths
14. A professional attitude and a positive approach to your work
What happens next?
Who we are:
At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet.
With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry.
We’ve made a promise to each other and every employee; to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.
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. Be part of something great.
Our Culture:
At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion, which we’ve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture. We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic.
We’ve 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. #li_hybrid
So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.