Actuarial Analyst, Reserving and Capital - Gibraltar

About us - www.extracoverinsurance.com

Created in 2019, EICL was the UK’s first ever insurtech to secure its own insurance licence. Authorised and regulated by the Gibraltar Financial Services Commission, we provide underwriting capacity to the group MGA, Zego, for commercial motor customers in the UK.

Trailblazers, industry disruptors, game changers. Whatever you call us, we’re setting a new standard for insurance, and helping businesses to reach their full potential along the way.

The role

We are looking for a proactive and detail-oriented Actuarial Analyst, Reserving and Capital to join our Actuarial team. You’ll contribute to quarterly reserving and capital processes, support regulatory reporting, and collaborate with internal stakeholders to deliver data-driven insights. This is a great opportunity for someone early in their actuarial career to build experience in a dynamic and growing business.

Here’s what you’ll be doing

• Assisting with the preparation and delivery of quarterly reserving and capital reviews in line with UK GAAP and Solvency II frameworks
• Supporting the production of reserving documentation, reports, and presentation packs for internal and external stakeholders
• Working with actuarial and data teams to ensure the quality and accuracy of data used for reserving and capital modelling
• Helping to develop and maintain MI dashboards and tools incorporating reserving, pricing, and business metrics
• Supporting regulatory reporting tasks such as Solvency II Technical Provisions, QRTs, ORSA and the Actuarial Function Holder Report
• Collaborating with teams across Pricing, Finance, Claims, Reinsurance, and Underwriting to support analysis and decision-making

What you will need to be successful in the role

• 0–3 years of experience in an actuarial or analytical role within the insurance industry; exposure to UK motor lines is a plus
• You have a university degree in a quantitative field, such as mathematics, statistics, actuarial, economics or data science. Being a qualified or part-qualified actuary is a bonus
• Some familiarity with statistical and data tools such as SQL, R, Python, Excel VBA is advantageous
• Interest in reserving, capital modelling, and Solvency II regulation
• Good communication skills and the ability to present technical information to non-technical audiences clearly and concisely
• Analytical thinking with strong attention to detail and ability to extract insights from complex datasets
• A collaborative mindset and ability to work well with cross-functional teams in a dynamic, fast-paced environment
• Eagerness to learn and develop actuarial and commercial knowledge in a growing business

How we work

We believe that teams work better when they have time to collaborate and space to get things done. We call it Zego Hybrid. We ask you to spend at least one day a week in our Gibraltar office. We think it’s a good mix of collaborative face time and flexible home-working, setting us up to achieve the right balance between work and life.

Our approach to AI

We believe in the power of AI to meaningfully improve how we work - helping us move faster, think differently, and focus on what matters most. At Zego & EICL, we encourage people to stay curious and intentional about how AI is leveraged in their work and teams to drive practical impact every day. This is your chance to do the most meaningful work of your career - and we’ll provide you with the tools, support, and freedom to do it well.

NOTE:

To be considered for this role, you must be located in / OR willing to relocate to Gibraltar or nearby Spain

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