ALM Actuarial Manager

ALM Actuarial Manager – Salary c. £60,000 to c. £72,000

Locations – York and Bristol

Do you love applying your technical expertise to create real value, while working in a dynamic, enthusiastic, and flexible team with a strong learning culture?

This role will suit an actuary (or a professional with equivalent relevant experience) with strong communication skills and the technical capability to support asset and liability management across the Aviva Group. It’s also ideal if you enjoy working with a variety of senior stakeholders and want to grow in a high‑profile, specialist team.

A bit about the job:

Our Asset Liability Management (ALM) team is the centre of excellence for ALM across Aviva. We’re a 20‑strong team responsible for asset–liability and hedging management for UK Life, AIL, Ireland and Group Centre. We support a wide range of funds, including With‑Profits, Matching Adjustment Portfolio (MAP) annuities and other non‑profit funds.

As an Actuarial Manager within the ALM team, you will help produce, manage and deliver ALM and hedging insights that support key decisions across the business. Your work will directly optimise the balance sheet while ensuring risks remain well controlled. Depending on your background, your responsibilities will span developing and implementing asset allocation strategies, managing hedging approaches, helping the business understand and manage market risk, supporting capital and liquidity initiatives, and producing high‑quality management information on ALM activity.

Skills and experience we’re looking for:

• Qualified Actuary or relevant work experience.

• Ability to work in a dynamic, proactive way with strong planning and prioritisation skills.

• Strong analytical and problem-solving abilities, with effective use of IT tools (e.g., Excel). Skills in Power Query, Evolver, Python or R would be an advantage.

• A solid understanding of the Solvency II balance sheet, its components, and how assets and liabilities behave—especially under stress.

• Enthusiasm for continuous learning and development, including supporting the growth of junior team members, and a good understanding or interest in financial markets and the insurer investment universe.

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 c. £60,000 and c. £72,000 (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