Senior Actuarial Analyst (Reinsurance)

We are currently recruiting for a Reinsurance Senior Actuarial Analyst to be a part of our phenomenal Reinsurance Operations team! If you have experience working in defined benefit pensions or annuity insurance/reinsurance administration, have some actuarial qualifications and are seeking a new challenging opportunity to play a key role in overseeing the growing portfolio of annuity reinsurance then come join our team, this role could be ideal for you.

The Reinsurance Operations team has sole responsibility for the on-going administration of all in force reinsurance arrangements within Retirement Solutions. They play a key role within Aviva, by working with reinsurance companies and pension schemes to design and administer capital efficient solutions that effectively manage risk for Aviva. It is a key function for Aviva to be able to meet its strategic ambitions.

As one of the Reinsurance Senior Actuarial Analysts, you will get involved in a broad range of activities relating to the oversight of reinsurance arrangements as well as many other interesting ad-hoc projects. For example, carrying out and checking analysis of insured data extracts to identify changes for a portfolio of reinsurance arrangements, and then calculate the updated reinsurance premiums using the new dataset. As a team we are very supportive and pride ourselves on the accuracy of the work we deliver, always striving for ways we can improve processes to reduce risk and increase efficiency – everyone in the team plays a key role in meeting this goal.

Skills and experience we’re looking for:

• Ideally part qualified or making good progress with exams towards achieving the qualification of Fellow of the Institute of Actuaries, or significant experience in Reinsurance Operations or defined benefit pensions.
• Good working knowledge of Microsoft Excel packages (VBA experience desirable)
• Ability to work efficiently, to ensure that all tasks are completed on time with a good attention to detail to ensure that all materials are produced to a high standard
• Strong communication skills and collaborative outlook required to build relationships and work effectively with internal and external stakeholders
• Willingness to develop and progress in the role, highlighting and engaging with any training needs as appropriate
• Strong numerical skills.

What you’ll get for this role:

• Starting salary between £45,000 and £60,000 (depending on location, skills, experience, and qualifications)
• Bonus opportunity - 8% 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.
• 25 days/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 tool

Equal opportunities

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.