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Aviva is hiring an

Actuarial Advisor

Actuarial Advisor – Salary ranges from £30,000 - £40,000

This is an exciting opportunity for someone who enjoys being involved with a wide variety of work and making a real difference for the customers of the UK’s largest insurer.

The team is responsible for calculating with-profits bonus rates to ensure customers receive a fair payout on their policy.

The team also provides actuarial advice and product support to a wide variety of customers both internally and externally and plays a key role in supporting company projects which help our existing business policyholders.

A bit about the job

In this role you will help ensure With-Profit bonus rates (such as final bonus rates, surrender / transfer value factors and estimated maturity values factors) are calculated and implemented correctly.

You will also help to improve these processes; making them quicker, simpler to run, and give better customer outcomes. You will also spend time answering technical policy queries from a wide variety of customers both internally and externally and may be involved in supporting projects that impact our existing business policyholders.

You will be required to go into the York office x2 days per week.

Duties & Responsibilities

  • Responsible for delivering timely and accurate calculations for both the Bonus process, and the wider team activities. This may involve updating the assumptions and benefits within Excel spreadsheets and checking the results are appropriate.
  • Communicating with stakeholders in With-Profit Governance and the With-Profit actuary plus third-party admin contacts.
  • Maintaining and updating the team’s spreadsheets
  • Answering policyholder queries from various internal teams and third-party admin teams, ensuring these are done to a high standard whilst in line with the team SLA. This may involve using defined methods or spreadsheets to perform the calculations or investigating which is the correct method.
  • Testing output from IT systems to ensure correct values when assumptions change.

Skills and experience we’re looking for:

  • A wide range of product knowledge and experience, including understanding WP business.
  • Strong analytical skills and good MS Excel skills.
  • Ability to manage and prioritise workload with business objectives.
  • Strong communication skills.
  • Teamwork.

What you’ll get for this role:

  • Salary ranges from £30,000 - £40,000 (depending on 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.

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