Senior Actuarial Manager

Salary London circa £115,000, National circa £100,000

This is a great opportunity for a technically strong actuary to gain exposure to Aviva’s capital model, engaging a wide range of internal and external stakeholders including the PRA.

A bit about the job:

You will be responsible for helping to ensure the Internal Model remains fit for purpose. You will help facilitate the calculation of the Group solvency capital requirements through the development of methodologies used in capital calculations (e.g. Internal Model SCR, Standard Formula SCR, Partial Internal Model SCR) and help ensure compliance with regulatory requirements.

You will have the opportunity to build and further develop relationships with internal and external stakeholders, including BU Actuarial Function teams, regulators and other Group teams (particularly Group Actuarial, Group Reporting and Internal Model Independent Validation).

Key features of the role include:

• Leading all aspects of Internal Model Methodology developments including, agreeing scope of changes with stakeholders, presenting changes to Expert Panels, drafting updates to Methodology papers, presenting updates to the Group Chief Actuary prior to their sign off, liaising with IMIV and responding to queries from the PRA
• Working with M&A team to provide SME input on the SCR treatment of potential M&A initiatives
• Interpreting changes to Solvency 2 requirements to ensure that Aviva’s SCR calculations remain compliant
• Helping to maintain the Group’s Internal Model and Standard Formula SCR manuals
• Providing SME input to teams across the Group in the calculation and interpretation of SCR results

Skills and experience we’re looking for:

• We are looking for a qualified actuary with strong technical capabilities
• Knowledge of Solvency 2 requirements is essential
• Strong analytical and problem-solving skills with experience in coding
• A good communicator who is able to understand actuarial concepts well and convey them clearly and concisely
• Proactive approach and track record of delivering high quality results in tight timescales

What you’ll get for this role:

• Starting salary between circa £100,000 and £115,000 (depending on location, skills, experience, and qualifications)
• Bonus opportunity - 1% 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.