Reserving Actuary

Job description

We are currently seeking a General Insurance (GI) Reserving Actuary to join our team and contribute to the fulfilment of the requirements of the actuarial function.

The team directly impacts customers by ensuring our GI entities are financially resilient and able to be there for our customers even when we are faced with extreme losses. They add insight to the business through digital analytics, helping drive good decisions and value creation globally across GI.

In this role you will undertake reserve reviews by liaising with the global GI actuarial community; request/analyse data on a quarterly basis and the production of independent reserve reviews for all GI markets on rolling BI - annual cycle based on materiality. Along with contributing to group guidance on IFRS and Solvency II methodology, the oversight of locally developed methodologies relevant to the determination of the IFRS and Solvency II technical provisions.

Key responsibilities in the role:

· 
Support the Group Chief Actuary and the Group GI Chief Actuary in the discharge of their responsibilities - this includes a wide variety of activity, including opinions and reports for various stakeholders

· 
Provide high quality analysis and insights to relevant Group Committees in relation to all aspects of reserving to support the development of the Group’s GI business

· 
Support the delivery of value adding and insightful independent reserve reviews across the Group

· 
Maintain the Aviva GI Technical Provisions Business Standard, and other standards as required, and provide GI Actuarial input to all relevant Aviva Risk Policies and Business Standards

· 
Contribute to the agreement of best practice across Aviva in respect of GI actuarial matters

Skills and experience we’re looking for:

· 
Experience with ResQ reserving software or equivalent

· 
Highly numerate and naturally inquisitive - likely to be a qualified actuary or equivalent

· 
Analytical with a developed capability to interpret data and establish alternatives and solutions to complex problems

· 
Understand of the UK&I GI markets, and some experience of GI business

· 
Solid communication, relationship management and influencing skills. Has personal impact and gravitas and can effectively and concisely communicate technical material to a non-technical audience

· 
Python or VBA or R skills - desirable

What will you get for this role?

· 
Salary up to £70,000 depending on location, skills, experience and qualifications

· 
Generous defined contribution pension scheme

· 
Annual performance related bonus and pay review

· 
Holiday allowance of 29 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

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 . Once you’ve applied, please send us a separate email 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 Lacey Lane Mckoy a call on 0207 255 0884 or send an email to lacey.lane-mckoy@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.