Actuarial Analyst

Actuarial Analyst - Salary of Circa £35,000

Location - York

A fantastic opportunity has arisen to join the Actuarial Team as an Actuarial Analyst on a permanent basis.

You will spend time answering technical policy queries from a wide variety of customers both internally and externally and may be involved in supporting projects that impact our existing business policyholders.

There will also be opportunities to help ensure With-Profit bonus rates such as final bonus rates, surrender / transfer value factors and estimated maturity values factors are calculated and implemented correctly. You will also help to improve these processes; making them quicker, simpler to run, and give better customer outcomes.

Duties & Responsibilities

• You will need to ensure you perform calculations correctly, potentially determining which method to use, considering whether the answers are appropriate, and detailing any decisions made to form strong governance and controls. 

• Calculations can be complex and will be important for individual customers and shareholders as they will rely on them to be accurate.

• Where processes are being developed, you can help to shape the new methodology.

• You will be responsible for delivering timely and accurate calculations for both the Bonus process, and the wider team activities. You will also maintain and update the team’s spreadsheets.

• To be effective you will need to learn fast and become familiar with several bonus process and query methods. Eventually you will be able to check other colleagues’ work.  You will be responsible for providing audit trails for your work.

Skills & Experience required

• Strong analytical and problem-solving skills

• Minimum of A level Maths

• A broad technical knowledge and understanding of actuarial principles, formulae, and methodology. A high degree of computer literacy and strong excel skills

• Understand risks and how to mitigate them.

• Good communication skills, verbal and written – ability to communicate complex issues simply

What you’ll get for this role:

Our purpose - with you today, for a better tomorrow – is a promise we make to our colleagues too.  And one of the ways we live up to that promise is by investing in you.  We have so much to offer when it comes to being an Aviva colleague.

• Salary is Competitive depending on skills, experience and qualifications

• Bonus opportunity - 8% of annual salary Actual amount depends on your performance and Aviva’s.

• Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in.

• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days

• Make your money go further - Up to 40% discount on Aviva products, and other retailer discounts

• Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme

• Brilliantly supportive policies including parental and carer’s leave

• Flexible benefits to suit you, including sustainability options such as cycle to work

• Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others

• We take your wellbeing seriously with lots of support and tools

Take a look to learn more.  Put a salary into this calculator to see what your total Aviva Reward could be.

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending around 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here

We interview every disabled applicant who meets the minimum criteria for the job. Once you’ve applied, please send us an email stating that you have a disclosed disability, and we’ll interview you.

We’d love it if you could submit your application online. If you require an alternative method of applying, please give Dylan Wood a call on 07385 426164 or send an email to Dylan.wood@aviva.com