Actuarial Associate

Aviva are currently seeking an actuarial analyst who wants to work in Capital Reporting at a leading life insurer.

You will ideally have actuarial work experience, as well as being a great teammate who is eager to learn more about Solvency II Capital and other parts of Actuarial Reporting.

A bit about the job:

You will fit in if you are proactive about your development and are able to pick things up relatively easily with appropriate training.

This role sits in the Capital Reporting team for Aviva UK Life, specifically looking at first line validation of the Internal Model. The Validation sub-team has various responsibilities, including:

• Carrying out a suite of annual validation tests on the Internal Model, including Multi Risk Scenario Validation
• Quarterly hard close refit of loss functions for both non-profit and with-profit business
• Management of relevant weaknesses and limitations of the Internal Model applicable to Capital Reporting
• Ad-hoc impact assessments and investigations

There will also be the opportunity for exposure or rotation into other areas of capital reporting like:

• Monthly solvency monitoring
• Calculation of solvency capital requirements
• Calculation of risk margin and transitional measures
• Sensitivity and scenario analysis

The successful candidate will be expected to carry out a variety of tasks, working with various people in the team and outside of the team, that help us ultimately deliver on our priorities.

Skills and experience we’re looking for:

• Mathematical or Actuarial degree or equivalent. The role would be particularly suitable for someone who has / is studying towards actuarial qualification
• Financial or regulatory reporting experience (both IFRS and Solvency II) is desirable
• Good communication skills, verbal and written – ability to communicate complex issues simply
• Ability to work independently and on their own initiative and know when to raise issues
• Strong analytical and problem-solving skills, attention to detail and controls focus

What you’ll get for this role:

• Salary ranges from £30,000 - £47,500 (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.