Actuarial Analyst

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

Starting Salary: from £38,000 - £47,500 (depending on experience) plus competitive benefits

Work Level: 1

Location:
Reigate, Permanent

Office Attendance:
Our hybrid working model gives you the best of both worlds - flexibility to work from home and valuable face-to-face time with colleagues. This role typically requires 2-3 days per week onsite in the Reigate office.

Closing Date: 09/10/2026 at 5pm

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. 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 is a fantastic opportunity to start your actuarial career in a supportive and collaborative environment.

You’ll work alongside experienced actuaries and analysts, developing your technical and commercial skills while supporting financial reporting and business management activities. Through structured training, on-the-job learning and professional study support, you’ll gain exposure to a variety of actuarial work including reserving, data analysis, modelling and forecasting.

You’ll work with a range of data sources and stakeholders, helping to generate insights into claims, pricing, risk and business performance, while developing the skills needed to become a qualified actuary.

• Reserving and reporting:
  Delivering reserving analyses, for Motor and Home insurance, 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.

• A degree in a numerate subject such as Mathematics, Statistics, Actuarial Science, Economics, Engineering, Physics or a related discipline.
• A strong academic record with excellent numerical and analytical skills.
• An interest in pursuing a professional actuarial qualification through the IFoA (or equivalent).
• Strong communication skills, with the ability to present technical information clearly and work as part of a team.
• The ability to manage and prioritise work effectively to meet deadlines.
• A proactive and structured approach to problem solving.
• A continuous improvement mindset, looking for ways to enhance processes and outputs.
• Flexibility to adapt to the changing insurance market.
• Experience using Microsoft Excel and an interest in developing technical data skills.
• Willingness to work collaboratively in person at our Reigate office at least 2-3 days per week.

• Completio…