Actuarial Analyst

Job description

We are recruiting Actuarial Analysts to join our key IFRS 17 programme on a 12-month FTC. The programme is responsible for producing IFRS 17 compliant financials, applying actuarial judgement in developing a suitable methodology and communicating impacts to the wider business.

Successful candidates will work in either the UK Life IFRS 17 Commercial team or the IFRS 17 Transition team. The former is responsible for leading discussions on how IFRS 17 impacts the day-to-day running of the business, and for analysing and communicating the impact on financials. The latter are responsible for calculating the contractual service margin (CSM) for a restated IFRS 17 compliant 1/1/2022 balance sheet, covering a range of different life insurance products.

Key aspects of the role:

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Producing calculations and analysis assessing the impact of IFRS 17 on the actuarial liabilities across a range of affected products

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Developing new processes to meet the various needs of the project – for example, retrospective calculations of CSM or projections of IFRS distributable profits for Corporate Business Plan

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Carrying out work with competence and care, and evidencing the controls that have been performed to mitigate the risk of inaccurate results 

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Communicating with stakeholders across the business and understanding their requirements

Skills, knowledge and experience we’re looking for:

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Part-qualified Life actuary, or actuarial analyst with equivalent experience, with financial reporting experience or detailed knowledge of life insurance products

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A broad technical knowledge and understanding of actuarial principles, formulae and methodology

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An awareness of the new IFRS17 standard would be advantageous but can be learned in role

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Highly numerate and analytical with a developed capability to interpret data and establish alternatives and solutions to complex problems

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Ability to work independently, take ownership of tasks and escalate where necessary

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Strong communication skills and an ability to work with people effectively

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Understand the needs of our end customers

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A high degree of computer literacy and strong excel skills

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Resilience, creativity and flexibility given challenges of implementing a complex, unprecedented new reporting standard

What will you get for this role?

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A competitive salary depending on skills, experience and qualifications

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Generous defined contribution pension scheme

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Annual performance related bonus and pay review

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Holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days

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Up to 40% discount for some Aviva products through “My Aviva Extras” plus discounts for Friends and Family (some exclusions apply)

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Excellent range of flexible benefits to include a matching share save scheme

Working at Aviva

At Aviva, we’re people with a purpose. To be with you today, for a better tomorrow.

We bring this to life by ensuring managing risk is at the heart of the way we all work. We love people who do the right thing for our customers, and our colleagues. We want people who speak up, who take responsibility, and who make good decisions.

The way we do this is important too. 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 want 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. In fact, we don’t advertise roles as either part or full time, because we know each person has different needs, just as each business area has different needs. So, it’s up to you to discuss working hours during your interview.

We care deeply about being inclusive and that means we encourage applications from people with diverse backgrounds and experiences. We want our employees to bring their whole self to work and that starts with you!

We interview every disabled applicant* that meets the minimum criteria for the job . Just send us an email once you’ve applied stating that you have a disclosed disability, and we’ll make sure we interview you.

We’d love it if you could submit your application online . If you require an alternative method of applying, please give Daniela Krol a call on 0121 234 7660 or send an email to daniela.krol@aviva.com

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