Actuarial Expert

Actuarial Expert - Salary is Competitive

Location - York or Bristol

This is a great job for someone who loves to apply their technical excellence by understanding and providing challenge in the way assumptions are derived and actuarial reserves are calculated, both for reporting and for costing, and someone who enjoys seeing the broader picture as well as delving into detail when necessary.

The role provides the chance to get involved in all aspects of the development and oversight of our actuarial assumption set, and the methodology used to apply it, providing support to the Head of Basis Review and taking ownership of specific assumption areas.

If you are a qualified actuary looking  to get a broad overview of the business while at the same time developing your technical skills in specific areas, this could be a great next step in your career.

A bit about the job:

The role has two main aspects:

• Firstly, you will be responsible for overseeing the process for reviewing and setting actuarial assumptions (through managing MASF (Methodology & Assumptions Setting Forum) and CGC (Costing Governance Committee)), ensuring that all assumptions are reviewed on an appropriate cycle and that the proposals arising from that review are technically robust. This will involve coordinating with colleagues doing the review work, supporting the Head of Basis Review in providing challenge, producing summaries of proposals  for senior management and the Board, and acting as key point of contact with our auditors.

• Secondly, you will be responsible for developing and reviewing one of the areas of the actuarial basis, becoming subject matter expert in this area. Initially, this will be in the area of expenses and investment expenses.     

This is a high-impact role which is likely to evolve over time.  

You will be supported by a small team – currently two actuarial specialists and one actuarial trainee.

Skills and experience we’re looking for:

• A qualified actuary with several years of varied experience within a Life Insurance environment, with an interest in actuarial methodology and experience analysis, and a desire to be involved in applying actuarial judgement in using the data and analysis to develop and get agreement on the overall basis.

• Excellent written and verbal communication skills, including the ability to present complex issues in a clear and concise manner.

• Ability to work independently, think creatively and take responsibility for ensuring that the assumption setting process works well and deliverables are met.

• Ability to work collaboratively and build effective relationships with colleagues across Finance and with other stakeholders across the business and with external auditors.

• Broad knowledge of features and risks of life insurance products, and of how the various financial reporting, capital and pricing/costing metrics work.

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 - 12% 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.