Senior Actuarial Manager

We’re looking for a qualified actuary to join our Actuarial Function team based in Norwich and London. The role offers the opportunity to work co-operatively and closely with senior stakeholders in AIL, as well as alongside a dynamic and senior team of actuaries in the Actuarial Function. The role covers both capital and reserving in AIL and there may also be opportunities to collaborate with the wider Global GI team and business units.

The Actuarial Function plays a unique and critical role in ensuring the financial security and soundness of an insurer, given its responsibility for determining insurance liabilities and advising on capital needs. The team directly impacts customers by ensuring our GI entities are financially resilient and able to be there for our customers even when we are faced with extreme losses. We add insight to the business through digital analytics, helping drive good decisions and value creation in AIL and globally across GI. We are a diverse, co-located team, who work flexibly and collaboratively, partnering with a range of stakeholders to kill complexity across the Group.

Some of the key aspects of the role include:

• Support the AIL Chief Actuary and Group Chief Risk Actuary in the discharge of their responsibilities. This includes a wide variety of activity, including opinions and reports for various stakeholders

• Support the production of written Actuarial Function reports to be submitted to the relevant Board, at least annually

• The production of the annual Solvency Capital Requirement (SCR) for AIL and its UK&I based subsidiaries, including related documentation and reporting

• The review and acceptance of Group derived methodologies, calibrations and parameters relevant to the determination of the SCR and Risk Margin

• The oversight of locally developed methodologies, calibrations and parameters relevant to the determination of the SCR and Risk Margin

• The oversight of locally developed reserving and economic capital forecasting models

• Contribute to various reporting requirements, including the Solvency Financial Condition Report and Regulatory Supervisory Report

• Providing high quality analysis and insights to relevant Group Committees in relation to all aspects of reserving to support the development of the Group’s GI business

Skills & experience we're looking for:

• Likely to be a qualified actuary or equivalent with more than five years relevant insurance experience

• Highly numerate and analytical with a developed capability to interpret data and establish alternatives and solutions to complex problems

• Understanding of the UK & Ireland general insurance markets, and experience of general insurance business

• Effective communication, relationship management and influencing skills. Has personal impact and gravitas and is able to effectively and concisely communicate technical material to a non-technical audience

• Understands the needs of our end customers

• Is self-motivated and works effectively as part of a fluid and multi-disciplinary team. Able to act as a coach, mentor and peer reviewer for peers, actuarial managers and actuarial trainees within the team.

• Knowledge of relevant regulatory requirements

• Is able to contribute their unique insights within a diverse team, bringing the best out in others and letting them bring the best out in you

What will you get for this role?

• A starting salary upwards of £70,000 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 Guv Johal a call on 0750 008 7919 or send an email to Guv.Johal@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.