Actuarial Specialist

Actuarial Specialist

Bristol Full-Time 46800 - 78000 £ / year (est.) Home office (partial)
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Aviva

At a Glance

  • Tasks: Join us as an Actuarial Specialist, delivering accurate calculations and supporting internal teams.
  • Company: Aviva is the UK's largest insurer, dedicated to making a positive impact for our customers.
  • Benefits: Enjoy a salary up to £65k, bonus opportunities, generous pension, and 29 days holiday.
  • Why this job: Be part of a supportive culture that values your growth and offers flexible working options.
  • Qualifications: We're looking for qualified actuaries or those with equivalent experience and strong analytical skills.
  • Other info: We embrace diversity and encourage applications from all backgrounds; flexible working patterns available.

The predicted salary is between 46800 - 78000 £ per year.

This is an exciting opportunity for someone who enjoys being involved in a wide variety of work whilst making a real difference for the customers of the UK’s largest insurer. You will be responsible for reviewing and delivering timely and accurate calculations for both individual policies and products affected by system changes. You will be accountable for ensuring the correct method and calculations are used when providing values to other internal teams within Aviva. You will need to decide if the information presented to you is sufficient and calculations are accurate. To be effective you will need to learn fast and become familiar with many products and calculation methods, delivering work that has strong governance and controls.

Communication is key: with the team, both onshore and offshore to ensure correct processes/calculations are being followed and monitor progress to ensure successful delivery. You will need to be able to plan effectively to manage short-term deliverables, such as individual policy queries, alongside progressing longer-term deliverables, such as updates to calculation tools, process developments and projects.

Skills and experience we’re looking for:

  • A wide range of product knowledge and experience, including an understanding of WP business.
  • Strong analytical and Microsoft Excel skills.
  • Ability to manage and prioritise workload with business objectives.
  • Strong communication skills.
  • Qualified actuary or equivalent by suitable experience.

What you’ll get for this role:

  • Salary up to £65k (depending on skills, experience and qualifications).
  • Bonus opportunity 10% 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. We’d love it if you could submit your application online. If you require an alternative method of applying, please give Dylan Wood a call on 07385 426164 or send an email to Dylan.wood@Aviva.com.

Actuarial Specialist employer: Aviva

Aviva is an exceptional employer that prioritises the growth and well-being of its employees, offering a competitive salary of up to £65,000 along with a generous pension scheme and bonus opportunities. With a strong focus on inclusivity and flexibility, Aviva fosters a supportive work culture where employees can thrive through various development opportunities, including paid volunteering days and a commitment to work-life balance in vibrant locations like York and Bristol.
Aviva

Contact Detail:

Aviva Recruiting Team

Dylan.wood@Aviva.com

StudySmarter Expert Advice 🤫

We think this is how you could land Actuarial Specialist

✨Tip Number 1

Familiarise yourself with Aviva's products and services, especially in the With-Profit business area. Understanding their offerings will not only help you during interviews but also demonstrate your genuine interest in the role.

✨Tip Number 2

Brush up on your analytical skills and Microsoft Excel proficiency. Consider taking online courses or tutorials that focus on advanced Excel functions, as these are crucial for the calculations you'll be handling.

✨Tip Number 3

Prepare to discuss your experience with governance and controls in actuarial work. Be ready to provide examples of how you've ensured accuracy and compliance in your previous roles, as this is a key aspect of the job.

✨Tip Number 4

Practice your communication skills, particularly in explaining complex actuarial concepts to non-specialists. This will be essential when collaborating with various teams and stakeholders at Aviva.

We think you need these skills to ace Actuarial Specialist

Actuarial Expertise
Product Knowledge in WP Business
Strong Analytical Skills
Advanced Microsoft Excel Skills
Workload Management
Prioritisation Skills
Effective Communication Skills
Governance and Control Awareness
Calculation Methodology Understanding
Stakeholder Engagement
Project Management
Adaptability to Change
Problem-Solving Skills
Attention to Detail

Some tips for your application 🫡

Understand the Role: Before you start writing your application, make sure you fully understand the responsibilities and requirements of the Actuarial Specialist position. Highlight your relevant experience and skills that align with the job description.

Tailor Your CV: Customise your CV to reflect the specific skills and experiences mentioned in the job description. Emphasise your analytical skills, product knowledge, and any relevant actuarial qualifications or experience.

Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for the role and the company. Mention how your background makes you a suitable candidate and how you can contribute to Aviva's goals.

Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Actuarial Specialist.

How to prepare for a job interview at Aviva

✨Showcase Your Analytical Skills

As an Actuarial Specialist, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used these skills in previous roles, particularly in relation to product knowledge and calculations.

✨Demonstrate Communication Proficiency

Effective communication is key in this role. Highlight your experience in collaborating with teams and stakeholders, both onshore and offshore, and provide examples of how you've ensured clarity and accuracy in your communications.

✨Familiarise Yourself with Products and Processes

Before the interview, take time to research Aviva's products and the specific calculation methods they use. This will not only show your interest but also help you answer questions more effectively.

✨Prepare for Scenario-Based Questions

Expect scenario-based questions that assess your problem-solving abilities and decision-making skills. Think about past experiences where you had to manage workloads or resolve complex queries, and be ready to discuss them.

Actuarial Specialist
Aviva
Location: Bristol
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