Actuarial Year in Industry Placement

Job description

Do you love to tackle problems? Is maths one of your key strengths and passions? Do you want a year-long placement with a FTSE 100 company?

If so, why not follow in the footsteps of our previous actuarial interns / Year in Industry student and put the theory you have learnt at university already to great use by coupling it with real industry experience.

Actuaries are problem solvers and strategic thinkers. They share a love of maths and use their skills to help measure the probability and risk of future events. They are passionate about finding ways to support our customers without exposing ourselves to unnecessary risk. From reporting to pricing, from valuations to solvency, from data to digital, our actuaries have a say. A big say!

About the Aviva Actuarial Year in Industry Placement Scheme:

We are UK’s largest insurer, a FTSE 100 company and a market leader globally and we have one of the largest networks of actuaries in the country so you will be in good hands from the beginning. Based in our UK Insurance business in York, with hard work successful applicants will have numerous opportunities to learn, network, develop their skills and make a significant contribution to the production of actuarial results.

Your line manager, buddy and your qualified mentor will all work with you and provide encouragement and support throughout your placement. You also have a supportive team around you to help you succeed.

Our scheme is a 12-month fixed term contract, starting Summer 2021, and at the end of the placement, we strive to have given you a solid foundation on which you can build upon, with further studies to become a well-rounded actuary. The roles will give real responsibility for tasks and decisions that will affect our business. Some of the activities involved are listed below:

· 
Production of Solvency II results (both Internal Model and Standard Formula) for submission to Aviva Group and the Prudential Regulation Authority (PRA). This includes the production of Loss Functions and the calculation and review of the results produced by the Internal Model

· 
Monthly solvency monitoring of our capital position

· 
Producing New Business results

· 
Working on production of IFRS results

· 
Working in our asset or liability production teams

Skills and knowledge:

These roles are aimed at undergraduates, who are able to take a year out in industry as part of their course. Applicants should be highly numerate and analytical, with the capability to interpret data and come up with solutions to complex problems.

Essential requirements:

· 
Minimum of B grade in A level Maths or equivalent

· 
On course for at least a 2:1 in a STEM degree

· 
Good communication skills

Desirable requirements:

· 
Proficiency with a variety of computer packages, in particular MS Word & Excel

· 
A working knowledge of industry products and regulations

· 
An understanding of actuarial methodologies and techniques

What will you get for this role?

· 
Starting salary of £20,250 per annum

· 
Generous defined contribution pension scheme

· 
Annual performance related bonus and pay review

· 
Holiday allowance of 25 days plus bank holidays and the option to buy/sell up to 5 additional days

· 
Up to 40% discount for some Aviva products through “My Aviva Extras” plus discounts for Friends and Family (some exclusions apply)

· 
Excellent range of flexible benefits to include a matching share save scheme

Closing Date: 30th November 2020

Working at Aviva

At Aviva, we’re people with a purpose. To be with you today, for a better tomorrow.

We bring this to life by ensuring managing risk is at the heart of the way we all work. We love people who do the right thing for our customers, and our colleagues. We want people who speak up, who take responsibility, and who make good decisions.

The way we do this is important too. We always ‘Care More’. It’s our thing. We’re all about our people – that’s you – so we can be pretty flexible. If you want to work from home some of the time or change your hours so you can pick up your kids or care for someone in your family, we’re very open to that. In fact, we don’t advertise roles as either part or full time, because we know each person has different needs, just as each business area has different needs. So, it’s up to you to discuss working hours during your interview.

We care deeply about being inclusive and that means we encourage applications from people with diverse backgrounds and experiences. We want our employees to bring their whole self to work and that starts with you.

We interview every disabled applicant* that meets the minimum criteria for the job . Just send us an email once you’ve applied stating that you have a disclosed disability and we’ll make sure we interview you.

We’d love it if you could submit your application online . If you require an alternative method of applying, please give Daniela a call on 0121 234 7660 or send an email to Daniela.krol@aviva.com

*As defined in The Equality Act 2010 *. By ‘ minimum criteria’ we mean you should provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.