At a Glance
- Tasks: Support longevity and asset reinsurance processes while collaborating with finance teams.
- Company: Join Aviva, a market leader in the insurance industry with a focus on innovation.
- Benefits: Salary up to £55,000, generous pension scheme, and 29 days holiday plus bank holidays.
- Why this job: Make a real impact in a dynamic role within a supportive and inclusive environment.
- Qualifications: Part qualified Actuary or relevant experience with strong Excel skills.
- Other info: Flexible working options and opportunities for personal development and volunteering.
The predicted salary is between 42000 - 66000 £ per year.
This enterprising role is an exciting opportunity to join Aviva’s market leading Annuity and Equity Release business within UK Life. The team’s purpose is to execute longevity and asset reinsurance on c.£7bn annuity liabilities per annum!
A bit about the role: You will ideally be a part qualified Actuary or qualified by experience with UK pensions experience. As part of the role you will be liaising with Finance oversight, preparing reinsurer credit exposure analysis and collaborating with the team to analyse reinsurance transactions.
What will be the day to day tasks:
- Supporting the longevity and asset reinsurance tender process
- Working with the BPA Pricing and Deal Management teams to optimise terms and ensure effective treaty management
- Supporting work to ensure compliance with the Reinsurance Governance Framework
What will you bring to the role:
- Understanding of market risk management fundamentals, including use of vanilla derivatives to hedge interest rate and cross-currency exposures
- Ability to make compelling written and verbal investment recommendations
- Confidence to challenge existing behaviours and received wisdom
- Advanced Excel skills and understanding of model governance and end user computing risk management
What will you get for this role:
- Salary up to £55,000 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
- 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
- 3 paid volunteering days to help others
Aviva is for everyone. We’re inclusive and welcome everyone – we want applications from people with diverse backgrounds and experiences.
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.
Actuarial Analyst in London employer: Aviva
Contact Detail:
Aviva Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, attend industry events, and join relevant online forums. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for those interviews! Research Aviva’s values and recent projects, especially in the annuity and equity release space. Tailor your answers to show how your skills align with their needs, and don’t forget to ask insightful questions!
✨Tip Number 3
Show off your Excel skills! Be ready to discuss how you've used advanced Excel functions in past roles. Maybe even bring along a portfolio of your work to demonstrate your expertise in model governance and risk management.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining Aviva and ready to be part of their exciting journey in the insurance industry.
We think you need these skills to ace Actuarial Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Analyst role. Highlight relevant experience, especially in UK pensions and risk management. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re excited about this role at Aviva and how your background makes you a great fit. We love seeing genuine enthusiasm!
Showcase Your Skills: Don’t forget to showcase your advanced Excel skills and any experience with derivatives or reinsurance. We’re keen on candidates who can demonstrate their technical abilities clearly in their application.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands. Plus, it shows you’re serious about joining us at Aviva!
How to prepare for a job interview at Aviva
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with complex data and financial models. Brush up on your Excel skills and be prepared to discuss how you've used them in past roles. Be ready to explain your approach to market risk management and how you would apply it in this position.
✨Understand the Business
Familiarise yourself with Aviva’s Annuity and Equity Release business. Research recent trends in longevity and asset reinsurance, and think about how they impact the role. Showing that you understand the company's objectives will demonstrate your genuine interest and commitment.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and decision-making skills. Prepare examples from your experience where you had to analyse reinsurance transactions or optimise terms. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Show Your Collaborative Spirit
This role involves liaising with various teams, so highlight your teamwork skills. Think of instances where you successfully collaborated with others, especially in finance or actuarial contexts. Emphasise your ability to challenge existing behaviours constructively while working towards common goals.