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Actuary - Zurich Legacy Solutions (possibility of remote work)

Start your career at Zurich Insurance Company Ltd
Place of work
Remote work
Contract type
Wage (gross)
2 500 EUR/monthMinimal guaranteed bottom limit. Final salary offer depends on your experience and requirements.

Information about the position

Job description, responsibilities and duties

An excellent opportunity has arisen for a commercially focused Life Actuary to join Zurich’s Legacy Solutions (ZLS) business. ZLS focuses primarily on runoff portfolios.

You will be working in an international team of experienced actuaries who help manage a large Individual Disability Insurance (IDI) portfolio in the US. You will work alongside the opining life actuary supporting with regular portfolio monitoring and reporting requirements, as well as undertaking ad-hoc bespoke analysis. A prime focus will be increasing the efficiency of existing processes as well as generating insights for the management – responsibilities that will provide you with a large variety of opportunities and exposure to a wide range of stakeholders.

All of the above, combined with exposure to different accounting standards and regulatory frameworks will guarantee an environment in which you can grow in many ways.

We anticipate that the motivated actuary will grow to assume a wide range of responsibilities including these:
  • Preparing regular updates and reporting of IDI liabilities (three portfolios) and a small life portfolio on different management bases
  • Regular updates on cash flow analysis and comparisons with various requirements under reinsurance treaties
  • Monitoring and reporting on Actual versus Expected outcomes
  • Reconciling asset positions and liaising with Zurich Group Investment Management on liability cashflows and asset strategies
  • Calculating and monitoring of IDI collateral positions for reinsurance
  • Execution and Automation of regular reporting processes and controls, including the above
  • Perform and communicate results of gross premium valuations and experience studies
  • Supporting internal and statutory reporting
  • Contributing to Swiss Solvency Test valuations and Internal Capital Model runs
  • Additional ad-hoc analysis as required on all portfolios, including improving existing tools
  • Collaborating with external partners as well as Group Actuarial and Group Reinsurance.
  • Supporting the ZLS Chief Actuary/ Head of Claims performance as well as the opining life actuary with insights into underlying performance and implications for the business and assumptions used to model future policyholder behaviour.
  • Adhere to professional standards of practice and continuing education as defined by the relevant local actuarial society, regulatory body, or other governing body.

Employee perks, benefits

Working time benefits
Personal days off, Concentrated work week, Additional vacation, Home office, Extra days off at occasion of childbirth, Sabbatical leave

Monetary benefits
Life insurance from Zurich Austria, Compensation for salary loss during sick leave, 3rd pension pillar contribution, Risk Life Insurance, Meal contribution on top of the legally required minimum, Years of service bonus, Wedding bonus, Baby bonus

Other benefits
Edenred electronic cafeteria, Public Transport contribution, Maternity leave benefits, Company and team events

Professional Certifications, Online Education Portals, Extensive Onboarding program, Strengths based culture (GALLUP)
  • Location(s):  Bratislava or Kosice co-working space
  • Remote working: Yes (Slovakia based), if possible we would like to meet with you more often in the few first weeks
  • Schedule: Full-time or shortened work schedule (We can provide 75% up to 100%/ Part-time 50%)

Requirements for the employee

Candidates with education suit the position

University education (Master's degree)

Language skills

English - Upper intermediate (B2)

Number of years of experience


Personality requirements and skills

As an Actuary – Zurich Legacy Solutions, your skills and experience will ideally include:   
  • Qualified life actuary (FIA, SOA or equivalent) is an advantage.
  • A high level of numeracy skills and an analytical approach to work is essential.
  • Excellent team-working, communication and interpersonal skills are also required.
  • A serious and professional attitude towards compliance of regulatory submissions with an eye for attention to detail in order to support accuracy.
  • Programming skills in SQL and VBA are considered an advantage, Prophet, R or Python a further plus.
  • Enthusiastic and positive can-do attitude.
  • Ability to manage competing priorities and driven to deliver to set deadlines.
  • Adaptability and Flexibility. 

The way we are

We want to tell you one thing: We care for our employees.
As a part of our team - you become the essence of our business, because you add value to everything that we do.

Caring for well-being

Unique career

Caring for communities

Caring for development

Cooperating and sharing

Why you will like us

  • we have that kind of environment that welcomes any ideas that are pushing the envelope
  • we work hard, but we value your work-life balance
  • we make the difference – the unique bottom-to-top program that motivates employees to make Zurich Insurance a better place to work
  • our Development weeks will help you improve your skills

Interested already?

Send CV to the company


Brief description of the company

Zurich Insurance Company Ltd is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. Zurich Bratislava is a Slovakia-based Competence Center for highly specialized services in the areas of Life and non-life actuarial, risk management, business intelligence, IT application development and service management as well as insurance network. An international workforce of close to 300 colleagues is supporting Zurich’s Corporate Center and Business Units around the globe.

Number of employees

250-499 employees


Contact person: Nikola Bilkova
E-mail: send CV
ID: 4470691  Dátum zverejnenia: 22.11.2022  Pracovná ponuka je prevzatá z inej stránky alebo zdroja. Základná zložka mzdy (brutto): 2 500 EUR/month