Actuarial Specialist

Actuarial Specialist – Salary c. £50,000 to c. £70,000

FTC 2 Years

This is a great job for someone who…

…is a newly qualified actuary or an experienced actuarial professional looking to play a key role in a major systems migration and third‑party administration realignment project within Aviva’s Life & Pensions legacy product portfolio. This role is ideal for someone who enjoys analytical work, thrives in a fast‑paced environment, and is excited to deepen their understanding of complex legacy product structures.

A bit about the job:

You’ll join a high‑profile transformation programme focused on migrating and realigning Aviva’s Life & Pensions legacy products. The role involves creating detailed Excel‑based calculation specifications for the system development team, using actuarial first principles and product documentation. You’ll collaborate closely with product managers to ensure product behaviours are accurately captured. Your work will help deliver robust, consistent system outcomes for complex legacy products as they move to future platforms. This is a dynamic environment that will stretch your product knowledge and analytical problem‑solving skills.

Skills and experience we’re looking for:

• Actuarial experience and an interest in diving deeper into the complex landscape of Aviva’s Life & Pensions legacy products, including Individual Protection.

• Understanding of concepts such as conventional business, With‑Profits, valuable guarantees and complex charging structures.

• Experience in Protection is helpful but not essential.

• Strong MS Excel skills (no requirement for Visual Basic or coding experience).

• A proactive mindset, curiosity, and strong people skills.

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.

• Starting salary between £50,000 and £70,000 (depending on location, skills, experience, and qualifications)

• Bonus opportunity - 10% 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

• Aviva-funded Private Medical Benefit to help you get expert support when you need it

• 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 at least 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'd love it if you could submit your application online. If you require an alternative method of applying, or if you have any queries in relation to the vacancy, please email seema.rana@aviva.com