Part-Qualified Pricing Actuary

Salary from £30,000 to £40,000

Are you looking to further your career as a fully supported actuarial trainee? We have an exciting opportunity in a pricing role that combines technical talent with commercial understanding.

This position offers the opportunity for a part-qualified Actuary to join our health insurance pricing team, helping to shape the long-term prosperity of Aviva UK Health. This is a unique role in a growing team that has responsibility for both market pricing and cost of manufacture using General Insurance techniques.

A bit about the job:

Aviva UK Health is in a period of rapid investment and transformation, with plans that combine significant sales growth, extensive IT re-platforming and a data science strategy for agile deployment of Machine Learning models into pricing. You will have a crucial role in leveraging new data, infrastructure, and tooling to achieve our commercial objectives.

The role would suit a candidate who would initially like to gain experience in market pricing, reporting directly to the pricing actuary for SME policies. You’ll take our latest data science models as an input and leverage these to set optimal rates while considering commercial objectives and market acceptance. You’ll need to be able to tell a story, crafting your analysis and insight into a compelling recommendation. Once a pricing change has been made, you’ll track the impacts and suggest course corrections as necessary.

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

Aviva operates a “smart-working” policy meaning that we spend approximately half of our time working in an office, and this role is based at our Eastleigh office

Skills and experience we’re looking for:

• Part-qualified actuary with commercial acumen, including an understanding of pricing strategy.
• Highly numerate and analytical with a developed capability in using data to solve complex problems.
• Strong presentation and communication skills for collaboration with non-technical stakeholders.
• Proficient at building data analysis programs in languages such as R and SQL.
• Experience implementing the results of predictive analytics (either traditional statistics such as Generalised Linear Models or modern ML methods such as XGBoost).

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.

• Salary from £30,000 - £40,000 (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.
• 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

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.