Actuarial Trainee

Are you looking to further your career as a fully sponsored Actuarial Trainee?  If you are currently studying towards the Faculty and Institute of Actuaries (IFoA) examinations and have relevant actuarial work experience in the Life Insurance sector, with a desire to get involved in data science, we want to hear from you.

We are one of the UK’s largest insurers, a FTSE 100 company, and a market leader globally, so we are able to demonstrate all the outstanding expertise we have in house as well as partnering with training providers to help us develop well-rounded Actuaries with insurance orientated actuarial, financial and commercial knowledge.

Your first placement will be in the Life Data Science team providing an exciting opportunity to build production-grade analytics models and data processing pipelines that will drive commercial and operational benefits, with an initial focus on the protection trading and underwriting business units. The Life Data Science team provides analytics support across the life business, so this rotation provides an excellent opportunity to compliment your actuarial studies with working alongside data scientists delivering truly innovative change to the business. The candidate would also get to see other areas of the business as part of the trainee rotation scheme.

At Aviva we have one of the largest networks of Actuaries in the country so you will be in good hands from the beginning. Your line manager, buddy and your qualified mentor will all work with you and provide encouragement and support throughout your training. You also have a supportive team around you and business-wide networking opportunities to help you succeed. We give our trainees the best chance of passing their exams first time by also:

• Providing a market competitive salary plus pay rises each time you pass key exams
• Partnering with an internationally recognised training provider
• Providing a generous amount of study leave – up to 50 days paid so that you can balance the demands of studying and working
• Funding students’ membership of the IFoA and examination fees

Knowledge & skills we are looking for:

• Studying towards the Institute and Faculty of Actuaries (IFoA) examinations with a minimum of 6 exams having already been successfully attained (not exemptions)
• Knowledge of life insurance products and processes
• A broad technical knowledge, with an aptitude for building and assessing predictive models.
• Highly numerate and analytical with a developed capability to interpret data and establish alternatives and solutions to complex problems
• A high degree of computer literacy; proficiency in SQL and one of either Python and/or R is a must.
• Knowledge of underwriting would be a plus
• Strong communication skills and an ability to present progress to a range of stakeholders
• Able to work independently and to take ownership of tasks
• Understand risks and how to mitigate them

What will you get for this role?

• A competitive salary depending on location, experience and qualifications
• Generous defined contribution pension scheme
• 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
• Up to 40% discount for some Aviva products through “My Aviva Extras” plus discounts for Friends and Family (some exclusions apply)
• Excellent range of flexible benefits to include a matching share save scheme

Working at Aviva

At Aviva, we’re people with a purpose. To be with you today, for a better tomorrow.

We bring this to life by ensuring managing risk is at the heart of the way we all work. We love people who do the right thing for our customers, and our colleagues. We want people who speak up, who take responsibility, and who make good decisions.

The way we do this is important too. We’re all about our people – that’s you – so we can be pretty flexible. If you want to work from home some of the time or change your hours so you can pick up your kids or care for someone in your family, we’re very open to that. In fact, we don’t advertise roles as either part or full time, because we know each person has different needs, just as each business area has different needs. So, it’s up to you to discuss working hours during your interview.

We care deeply about being inclusive and that means we encourage applications from people with diverse backgrounds and experiences. We want our employees to bring their whole self to work and that starts with you.

We interview every disabled applicant* that meets the minimum criteria for the job. Once you’ve applied, please send us a separate email stating that you have a disclosed disability, and we’ll make sure we interview you.

We’d love it if you could submit your application online. If you require an alternative method of applying, please give Tawana Chin a call on 07787 251496 or send an email to tawana.chin@aviva.com.

*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you should provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.