Senior Reserving Actuary

 

Zurich Portugal is part of the Zurich Insurance Group and has been in Portugal for 107 years, has more than 500 employees and with a distribution network of more than 1,800 Insurance Agents, Brokers, and banking partnerships, we are serving more than 750,000 customers. Zurich Portugal provide a full range of both life and non-life insurance for individuals and companies.

 

Join our dynamic and dedicated local Reserving Non-Life Actuarial team. We are seeking a reliable and solution-oriented professional who is passionate about utilizing their analytical skills to drive impactful decisions and contribute to the growth and development of our team. If you are enthusiastic about making a meaningful difference and being part of a collaborative and innovative environment, we would love to hear from you.
 

 

As a Reserving Actuary for Zurich Portugal, you will:

 

• Provide actuarial services with minimal supervision of a more experienced actuary to fulfil routine business requirements and to solve problems with a low to moderate level of complexity / diversity.

 

• Prepare and conduct actuarial analyses, including loss projections, technical reserves calculations for both gross and reinsurance layers.

 

• Develop and automate the reserving and financial reporting processes, managing the flow and quality of relevant actuarial data to ensure robust output.

 

• Ensure that processes and standards align with Zurich’s internal actuarial policies and guidelines, as well as existing regulations.

 

• Coordinate with Finance and Accounting to ensure the accuracy and adequacy of the balance sheet and profit and loss statements.

 

• Provide insights into underlying performance and business implications to Finance, other business functions, and Reserving Actuaries, promoting cross-functional sharing of information and collaboration.

 

• Assist in the development of risk-based capital models as well as parameterization and allocation activities to support actuarial services.

 

• Research best actuarial practice and review/analyze current practice area to support senior management in developing and improving processes and systems.

 

 

Qualifications and required profile:

 

Required

• Master’s degree in Actuarial Sciences and 4 or more years of relevant experience in related field.
• Experience in Reserving both IFRS17 and Solvency 2.
• Strong background in reserving methods and experience with reserving tool ResQ.

• Fluent in English and Portuguese is a requirement spoken and written.
• A Team player with enthusiasm, proactive, curiosity, and a positive attitude.

• Used to deal with deadlines, work under pressure and manage workload seasonality.

 

Nice to have

• Willingness to pursue an actuarial qualification or being partly qualified as an actuary.
• Strong data management and programming skills (e.g. R, SQL, SAS and Python).
• Experience in other functional areas (pricing, reserving, reinsurance, capital management, etc).
• Experience in implementation projects.

 

 

Porquê a Zurich?

 

Na Zurich, gostamos de pensar fora da caixa, de desafiar e de sermos desafiados. Adotamos sempre uma abordagem otimista, concentrando-nos nos aspetos positivos e perguntando constantemente: "O que pode correr bem se pudermos contar consigo na nossa equipa?"

 

Somos um empregador de igualdade de oportunidades que sabe que cada pessoa é única, e que é na diversidade, equidade, inclusão e pertença que tornamos a nossa equipa tão fantástica! Estamos cá por todos e para todos!

 

Venha conhecer-nos e junte-se a nós para, em conjunto, explorarmos novas formas de proteger os nossos clientes e o planeta. 

 

Juntos, criamos um futuro brilhante!

 

Localização principal:  PT - Lisboa, PT - Porto 
Trabalho remoto: Hybrid
Marcação: Tempo integral 
Nome do recrutador: Celina Pereira
Data de conclusão: 15/08/2025