Qualified Actuary (SST)

Aviva currently have an exciting opportunity for an experienced Actuary to deliver the Stress and Scenario Testing (SST) analysis for Aviva’s UK Life Insurance Companies.

Salary circa £70,000

You will be required to come in to either of our Bristol or York offices at least 3 days per week as per Aviva’s “Smart Working” Policy, so being able to travel to either of these locations on a regular basis is a must.

Sitting within a wider Solvency and SST team of seven, this role would have responsibility for:

• Analysing/reviewing a wide range of single factor sensitivities on a quarterly basis, for internal and external audiences, providing analysis and commentary on impacts and changes over time.
• Producing analysis for a wide range of stress scenarios, considering impacts across a range of sub-funds, metrics and time periods
• Supporting the derivation and calibration of a range of stress scenarios of varying severities, with reference to the risks faced by the business.
• Developing and improving those elements of the SST process within the Solvency and SST team’s control, in order to increase the efficiency and accuracy of the process.
• Providing supporting information for a range of ad hoc SST queries from across the Group or from the Regulator, or to support proposals, such as dividend to Group.
• Producing stresses to set risk appetites for management of the solvency of the business and producing stressed projections to support quarterly Capital Planning activity.

Skills and experience we’re looking for:

• Educated to degree level with a relevant professional financial qualification. Qualified Actuary preferred but actuarial skillset required.
• Good understanding of Solvency metrics, in particular Solvency II.
• Knowledge of stress testing, scenario analysis and solvency projection roll-forward and estimation techniques.
• Excellent excel, report writing and communication skills.
• An understanding of the risks faced by a 1st line function and the controls in place to manage & mitigate these risks.

What you’ll get for this role:

• Salary of Circa £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
• 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 people with diverse backgrounds and experiences.

Excited but not sure you tick every box? Research tells us that women, particularly, feel this way. So, regardless of gender, why not apply. And if you’re in a job share just apply as a pair.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working –spending around 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

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