Life Actuary

Job description

12-month FTC with potential to extend

Aviva is required to adhere to the new IFRS 17 reporting standard which comes into force in January 2022. This marks a step change in how we report our profit and loss and is arguably the most impactful change in insurance reporting for a generation.

Aviva International Insurance (AII) is a captive insurer writing both Life and GI business and plays a pivotal role in the success of Aviva; supporting the business to achieve targeted financial returns and maintaining the confidence of our shareholders and regulators. Our strategy is to drive commercial value, deliver excellence in capital and solvency management, drive operational excellence and operate as one outstanding team.

In this role, you will support the overall delivery of the IFRS 17 change project ensuring the AII are compliant with the requirements and ready for implementation.

Working across multiple disciplines, the AII Market Finance team leads in the timely and efficient provision of high-quality financial information for: statutory/regulatory reporting requirements; day to day decision making; balance sheet optimisation; scenario analysis; strategic planning.

What are the day-to-day responsibilities of the role?

·  Deliver IFRS 17 financial information to support decision making and legal entity statutory/regulatory reporting requirements in respect of AII
·  Review and interpret FIA impact analysis across Annuities, GI and Unit Linked business areas
·  Prepare internal messaging to Board and provide updates to senior management within AII
·  Provide SME input into AII results including risks & limitations of the analysis
·  Develop management actions & scenario analysis to help communicate new sensitivities & risks effectively to senior management

What skills & experience are we looking for?

·  Experience of financial reporting, messaging and analysis
·  IFRS 17 or Quota Share Reinsurance actuarial IFRS 4 experience
·  Understanding of accounting aspects of IFRS (P&L/Income statement constructions)
·  Ability to interpret complex data, craft management actions and feed into plans/high level communications

What will you get for this role?

·  A basic salary of up to £80,000 depending on 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

We care about the well-being of our employees

How you feel at home, work and all aspects of your life are important to us. Our programme – ‘Be Healthy’, ‘Be Mindful’, ‘Be Secure’ and ‘Be Awesome’ supports your physical, mental, financial and social well-being.

Here are just a few highlights:

·  You can download Aviva Digital GP - a 24/7 personal GP service that enables you to get a video consultation with a GP and pharmacy service at the touch of a button
·  We offer all UK employees subscriptions to Headspace for free
·  We have subsidised 70% off the normal gym membership prices, meaning for a reduced monthly fee you will have access to a wide range of fitness venues

Additional Information and Equal Opportunity

One of Aviva’s core values is Care More, and this is brought to life through the flexible ways we love to work. This may include working from home some of the time, or flexible work schedules to accommodate parent and carer responsibilities, further studies and hobbies.

Our diversity and inclusion policies and initiatives are crafting an environment where everyone feels welcome regardless of age, disability, race, ethnicity, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or those with other caring responsibilities. Our approach helps to ensure Aviva as a place which values difference and provides equal opportunities for all.

As a disability confident employer, we guarantee to interview anyone with a disability (as defined in The Equality Act 2010) whose application meets the minimum criteria for the post. (By ‘minimum criteria’ we mean that you should provide us with evidence which demonstrates that you generally meet the level of competence required, as well as meeting any of the qualifications, skills or experience defined as essential). Please apply through the website and then email the contact listed in the advert to notify us that you meet the conditions for the guaranteed interview scheme.

We prefer all applications to be submitted online, however if you require an alternative method of applying please contact Daniela Krol in the Resourcing team on 0121 234 7660 or daniela.krol@aviva.com.