Actuarial Model and Systems Lead - Life

The Actuarial Model and Systems Lead is a key member of the Actuarial Reporting Leadership. Initially this role will be involved in leading a strategic change programme to reshape the end-to-end actuarial reporting models, processes and systems. This will involve driving the implementation of new technology and techniques to optimise the end-to-end Actuarial Reporting models and processes.

The Actuarial Model and Systems Lead will be responsible for the successful transition from the programme to BAU and the future maintenance and performance of the Actuarial reporting platform meeting all required regulations through an operationally efficient system of models, processes, and controls.

This role that leads a team of modelling and system actuaries, requires close liaison with other peer Actuarial and Finance managers, IT and direct contact on a regular basis with senior management.

Duties & Responsibilities:

• Lead the Actuarial Reporting Strategic Change Programme:

  • Lead on the scoping and planning of the design and development, for the implementation of the Actuarial Change Programme

  • This will involve reviewing the current the end-to-end actuarial reporting platform and assessing new technologies, industry techniques and best practices for implementation

  • Leading on the successful delivery of the Actuarial Change Programme governed through the Steering Committee

  • Responsible for ensuring all developments are designed and delivered for operational efficiency and meeting required regulations and standards

  • Successful BAU transition and operationalisation of developments

• Responsible for the future maintenance and performance of the actuarial reporting models and systems. Including owning the development and governance process for any future changes to the liability model, systems and processes

• Ensure that the processes and controls in place are maintained to operate effectively to meet Aviva’s standards for financial management and accelerate reporting timelines

• Management of audit relationships and processes, ensuring a clean sign off

• Liaising closely with all relevant partners such as IT, Financial Reporting, UK Actuarial Modelling, Finance, Aviva UK and Aviva Group as required

Skills & Experience:

• Experience leading and/or managing a team through a strategic changing programme with the ability to communicate complicated issues to senior management

• Extensive experience of model development, actuarial systems and processes (Prophet, SQL, Python, etc.). Experience of a workflow systems is ideal

• Up to date knowledge and understanding of actuarial principles and methodology (SII and IFRS17)

• Producing management level reports and presentations, and communicating to senior stakeholders

• Knowledge of the financial structure and operation of life and pensions products and in particular have a strong knowledge of the structures of unit linked, with profit and term insurance products

What will you get for this role?

• Competitive market leading salary depending on skills, experience, and qualifications.

• Generous pension (employee contribution matching of up to 14% if you contribute 8%)

• Annual performance related bonus and pay review.

• Holiday allowance of 29 days plus bank holidays, and the option to buy/sell up to 5 additional days.

• Free car parking

• Generous Health & dental insurance contributions after six months

• Aviva Matching Share Plan and Save As You Earn scheme and Approved Profit Share Scheme

• Cycle to Work benefit scheme.

• TaxSaver Travel Scheme

• Family friendly parent’s (matching paternity and maternity leave) and carer’s leave.

• Up to 40% discount for some Aviva products plus discounts for Friends and Family

• Employee Assistance Programme

• Volunteering days

• Professional qualification support and transparent career progression plans

Aviva is for Everyone

Our diversity and inclusion policies and initiatives are shaping an environment where everyone feels welcome regardless of age, disability, race, ethnicity, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or those with other caring responsibilities. Our approach helps to ensure that Aviva is a place which values difference and provides equal opportunities for all.

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.

We prefer all applications to be submitted online, however if you require an alternative method of applying, please contact megan.crabbe@aviva.com