Reserving Actuary

Hey

I am Laia, the recruiter for this role. I like to dance salsa, zumba, and practice sports. Lovely to meet you

Perhaps this is the 10th Job Description you read today, sitting on your couch with Netflix playing in the background, or contemplating your life planning to refresh your career. I am sure by now all offers look the same.

I will be honest with you, at Zurich we do not claim to be perfect, but we are pretty cool If you want to know why, keep reading

But first, THANK YOU for showing interest in our company. We know that a job search can be challenging, but don’t worry, what goes around comes around

**Let’s get straight to the point** I will try to sum up **our DNA** in 2 essential points:

- We love volunteering but we prefer to be Change Activists. What does that mean? We focus our efforts in helping youths in risk of social marginalization and fighting climate change by reforesting parks or woods in Madrid and in the Doñana Forest. This year alone, we have already volunteered for over 2000h
- At Zurich we say it loud and clear: We are proud of our colors, we believe that a diverse and inclusive team makes the difference. We don’t discuss disability, we discuss capability **We want you to be yourself**, without closets in between or glass ceilings making you fragile. 50% of our high responsibility positions are occupied by women (including our Executive Committee). Do you know that we produce our own podcasts about gender identity? We are building a company were everyone is welcome

**At this point you might be asking yourself: Laia, how will be my day to day wearing the blue sweater? I asked that question too.**

Reporting to the Reserving Manager:

- Prepare and perform actuarial analyses including loss and premium projections, consultation on actuarial models, or capital modeling under local GAAP, IFRS17, HGB and Solvency II regulations.
- Participate in CUP and Planning exercise providing baseline calculation and other insights.
- Support reserving, portfolio profitability management, reinsurance and market-facing business units in complex environments and lines of business.
- Support Finance, market-facing business units, Claims, Risk, Capital Management, and other functions on reserving and strategic business decisions.
- Provide consultation and technical expertise on actuarial models and risk issues.
- Ensure that the claims provisioning processes are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
- Research best actuarial practice and review/analyze current practice area to support senior management in developing and improving processes and systems.
- Ensure that processes and standards are consistent with internal actuarial policies and guidance and compliant with regulations; lead/participate in the implementation of systems and process improvements in own area.
- Manage the flow and quality of relevant actuarial data to ensure robust output.

**How do you know you fit in? I’ll explain**:
Don’t worry, we are not asking you to save the planet or meet 100% of the requirements.
- If you are an actuary with 5 or more years of experience in non-life reserves, are fluent in English and enjoy working with international colleagues, you are welcome to join us
- In our daily lives we use various tools. If you are an advanced user of Office, SAS, Python and ResQ. This is your place.
- For us, attitude is a basic, if you are an enthusiastic learner, team-builder, proactive, open-minder and goal-oriented, you could be our new colleague
- Used to deal with deadlines.

Right now, either you feel as great as when you fit into the right size of your jeans or you are thinking “this is not for me” (and that’s ok, we will meet again in a bright future). However, you can share my contact with those near you who you feel might be a fit to the job.

At Zurich we love to live life to the fullest. I would love to know how we can make you happy, but for me, balance between life and work makes the difference. Flexibility and digital disconnection are real and encouraged.

**#PorSerDeZurich**, you can choose the benefits that best fit your needs. We all know that “to each their own”.
- FlexWork: We love flexibility. We want to offer you a flexible hybrid mode so that you can organize your work schedule as you wish. We also offer you a home office extra bonus.
- We believe you learn by doing, which means we allow movement of our employees in between different departments, both locally and at an international level thanks to the program “Talent in Motion”. And so, you can further your knowledge and growth, we offer English classes, training, and a personal mentoring program.
- Flexible remuneration: You will be able to choose what suits you best Choose from medical insurance, training, volunteering programs, kindergarten and so much more
- At Zurich we know that putting a smile on someone else’s face is easier than you think T