Actuarial Analyst

Job Description

Serving our customers, communities, and planet a little better every day.

Actuarial Analyst | Permanent
Hours: 36 hoursWork Level: 1Location: Reigate (Blended Working)Our roles are hybrid, but you should be able to travel to our Reigate office two - three days per week for this positionStarting Salary: From £38,000 - £47,500 (depending on experience) plus competitive benefitsClosing Date: 21/05/2026 at 5pm
OpportunityWe deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for. And that means we always work with heart. Whether we’re helping our customers or looking after our people, you’ll find there’s a warmth and friendliness to everything we do.
We’re looking for an Actuarial Analyst to join our Tesco Insurance and Money Services team. This role plays a key part in supporting actuarial analysis underpinning financial reporting and business management by applying statistical and analytical techniques to complex data. You’ll work with a variety of data sources, models and stakeholders, helping to deliver insight into claims, pricing, risk and forecasting, while continuously improving how we use data to support business decisions.
The Role•Reserving and reporting: Delivering reserving analyses on a best estimate basis and contributing to internal and external reporting on insurance provisions under IFRS 17 and Solvency II bases. Option of supporting standard formula capital calculations depending on interest and experience.•Data management and analysis: Processing, maintaining and analysing claims and policy data, ensuring high data quality, strong governance and accurate, timely management information.•Actuarial modelling and methods: Developing, maintaining and validating actuarial models, assumptions and data requirements, and applying appropriate actuarial and statistical techniques to generate insights.•Insights and decision support: Producing actuarial insights to support business decisions, supported by market and industry research.•Process improvement: Supporting enhancements to reserving and reporting processes, actuarial systems and methodologies, with a focus on continuous improvement.•Collaboration and stakeholder engagement: Working closely with Underwriting, Risk, Claims, Finance and other stakeholders to embed the actuarial function into the business.
We need you to have•Experience in an actuarial or analytical role, ideally in general insurance reserving or capital work.•Made some progress towards an actuarial qualification through the IFoA (or similar) exams.•Flexibility to adapt to the changing insurance market.•Strong numerical and analytical skills, with the ability to interpret complex data sets.•The ability to manage and prioritise work effectively to meet deadlines.•A proactive and structured approach to problem solving.•Strong communication skills, with the ability to present technical information clearly and work as part of a team.•Experience using data tools and actuarial models.•A continuous improvement mindset, looking for ways to enhance processes and outputs.•Willingness to work collaboratively in person at our Reigate office at least 2-3 days per week.
And if you have any of these, even better•Experience with ResQ / SAS / Power BI.•Exposure to IFRS17 and/or Solvency II reporting bases.•Experience with UK personal lines insurance, particularly motor.
What’s in it for you?•Prepare for your retirement with our colleague pension scheme.•Virtual GP Service for you and your family 365 days a year.•Performance related annual bonus.•Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.•Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increases to 15% every payday. As an added perk, we’ll give you a second card to share with someone else.•Benefit from our family-oriented initiatives, including enhanced maternity leave pay, shared parental leave, and a generous 8 week paid paternity leave.•A place to get on – take advantage of our ongoing learning opportunities and award-winning training to help you achieve the career you want.•Take part in our Buy as You Earn and Save As You Earn share schemes.
Everyone’s welcomeWe want all our colleagues to always feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.
InterviewsInterviews are expected to be held from June.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there's no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we're helping our colleagues and serving our customers, communities and planet a little better every day.

We deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for.

Everything we do is about making things better. Not just for others, but for you too. It's why you'll get bags of choice and plenty of development. It's why you'll always be heard and find balance that works for you. It's why you'll feel totally at home in a place where everyone's welcome.

So, if you want a career where you can do good and feel good, you've found it.

Let's make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice - because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes – people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone's welcome, where they can be part of a great team focused on making a real difference for our customers.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!