Actuarial Analyst
Salary up to £50,000
Location: Norwich or York
We have a fantastic opportunity for an Actuarial Analyst to join our supportive and dynamic team. This is a great job for someone who is career driven and wishes to continue their professional development with a company who will invest in you and offer study support!
A bit about the job:
Our Bulk Purchase Annuity (BPA) onboarding and operations teams are responsible for the seamless implementation of new BPA deals and the provision of ongoing services to BPA customers. These are supported by an actuarial team which provides technical support to both onboarding and operations as well as the wider team which you will join.
Within the role you will assist with:
- The calculation and review of ongoing administration factors to ensure consistency with current market conditions and current pricing terms. The calculation and review of ad hoc actuarial factors.
- Providing Aviva factors to external administrators, answering their queries, and reviewing sample calculations to ensure rates are used correctly
- Performing actuarial valuations of buy-in contracts for trustee and corporate accounting disclosures purposes, including liaising with auditors and answering any technical queries raised.
- Reviewing the calculation of transfer values referred to the actuarial team for review and the ongoing development and maintenance of transfer value calculation processes and systems.
- Assist senior actuaries with the review of calculations of final premiums ensuring consistency with the terms of the BPA deal and any contractual requirements
Skills and experience we’re looking for:
- Good knowledge of defined benefit pensions
- Strong quantitative skills, Strong IT skills (VBA an advantage), & Attention to detail
- Experience of calculating transfer values and/or actuarial valuations
- Knowledge of the BPA market and its products would be preferred
- Making good progress with the actuarial exams
What you’ll get for this role:
Our purpose - with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.
- Starting salary up to £50,000 (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
Take a look to learn more. Put a salary into this calculator to see what your total Aviva Reward could be.
Aviva is for everyone:
We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.
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.
To find out more about working at Aviva take a look here
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.
We’d love it if you could submit your application online. If you require an alternative method of applying, please give Tawana Chin a call on 07789 624461 or send an email to tawana.chin@aviva.com
