Capital and Reinsurance Specialist

Capital and Reinsurance Specialist

Salary starting from £65,000 - £75,000

This is a great job for someone who...

Is a General Insurance Actuary looking to broaden their experience across capital, catastrophe risk and reinsurance. This role offers the opportunity to become a key member of the Group Reinsurance team, supporting Aviva's General Insurance business units and working with a wide range of stakeholders. If you enjoy translating complex data into actionable insights, demonstrating the value of robust risk management, and influencing strategic business decisions, this could be the role for you

A bit about the job:

You'll join Aviva's Group Reinsurance team, supporting the management of catastrophe risk, capital optimisation and reinsurance strategy across the General Insurance business. The team plays a critical role in ensuring catastrophe risks are appropriately understood, modelled and managed while supporting capital efficiency and business resilience.

In this role, you'll quantify catastrophe risk using external models, claims experience, research and internal expertise to support regulatory requirements and capital model calibration. You'll help optimise reinsurance structures by balancing cost, volatility management and capital benefits, while ensuring Aviva remains within its risk appetite. You'll also provide regular catastrophe risk reporting, deliver insights to senior stakeholders, and collaborate with internal and external partners to support reinsurance purchasing and risk management activities.

Skills and experience we’re looking for:

• Excellent communication skills, with the ability to translate complex technical concepts into clear, actionable insights for a wide range of stakeholders.

• Experience of General Insurance actuarial modelling techniques, including preparing input data, running models and interpreting results.

• Strong project management skills, with the ability to plan, prioritise and deliver work independently and collaboratively.

• Strong programming and analytical skills, including experience using R.

• Knowledge of capital modelling and reinsurance concepts

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 £65,000 and £75,000 (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 - e.g. if you put in 8%, Aviva adds 14%
• 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