Reinsurance Analyst

Job description

This is an exciting time to join Aviva’s Defined Benefits Solutions team as a Reinsurance Analyst. The role sits in our dynamic, growing and motivated Reinsurance and Structuring Team who drive success for the Defined Benefit Solutions business unit. We believe our brand, financial strength, asset origination capability and pricing advantage and corporate relationships offering as well as our in-house administration perfection, ideally place us to be a partner of choice for our clients.

We are looking for new talent to develop and implement de-risking solutions for defined benefit pension schemes, collaborating across the wider Aviva network to deliver compelling, commercial results for the client and Aviva.

The role will focus on structuring and execution of reinsurance and capital relief transactions to drive the volume grown in our bulk annuity business, as well as assisting in the structuring of Solvency II securitisations on asset classes such as Equity Release and Lifetime Mortgages and other illiquid assets.

The role’s duties & responsibilities:

• Modelling, analysis and pricing work
• Interacting with external clients and internal business partners – a focus on negotiation, governance, reports and problem-solving
• Supporting the reinsurance tender process and assisting with analysis of reinsurance terms
• Working with the BPA Pricing and Deal Management teams to optimise commercial outcomes
• Assisting with the technical review of legal documentation for reinsurance transactions and collateral arrangements

Skills & experiences required:

• A part-qualified or nearly/newly qualified actuary, or significant experience in a quantitative role
• Experience of cashflow and financial modelling - specific experience of modelling or pricing bulk annuity products would be phenomenal to see
• Degree in a quantitative field with experience of analytical tools and techniques - strong mathematical/actuarial background and Excel/VBA skills
• Commercial experience in an insurance company, consultancy or a bank
• Experience of structuring/reviewing legal documentation would be an advantage
• UK pensions knowledge is also desirable

What will you get for this role?

• A competitive salary 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

Oh, and by the way…

At Aviva, 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 need 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. We’ll even try to bend work around your further studies or hobbies where we can.

We care deeply about welcoming people no matter where they’re from, how old they are or what disability they have. We encourage applications from every age, race, ethnicity, disability, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or caring responsibility. We want our employees to bring their whole self to work and that starts with you!

As part of that we interview every disabled applicant* that meets the minimum criteria for the job. Just send us an email once you’ve applied, and we’ll make sure we interview you.

If you like the sound of all that, we’d love it if you could submit your application online! For an alternative method of applying, please give Dan Hopchet a call on: 0121 234 7625 or ping them an email at: Daniel.Hopchet@Aviva.com.

*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you must 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.