Offers “Aviva”

Expires soon Aviva

Solvency Monitoring Actuary - Life Business

  • Bristol (City of Bristol)
  • Project / Product management

Job description



This vacancy is a great opportunity for a confident actuarial professional to join the dynamic Actuarial Management team. This team has a range of responsibilities, including Governance, Liquidity Management, Solvency Monitoring, Stress and Scenario Testing, With-Profits Rates and Existing Business Operations.

We are looking for someone with solvency metrics knowledge to manage the Solvency Monitoring process for Aviva UK's Life Insurance Companies. The role of Solvency and Capital MI Actuarial Manager will come with a high level of trust and autonomy as the role holder will be responsible for supporting the development and improvement of various elements in Solvency Monitoring, in order to increase process efficiency and reduce the solvency estimation error.

Responsibilities

· 
Producing current and projected solvency positions, providing monthly and weekly reports on the current position and proactively managing the inclusion of emerging solvency impacts.

· 
Supervising current and future solvency and risk levels against tolerances and risk appetites.

· 
Managing the production of Capital MI in an appropriate format for different audiences and collaborating closely with teams across the business to ensure inputs are delivered in a timely fashion.

· 
Leading the delivery of MI for the Life Financial Risk and Solvency Forum, working with the Governance team to coordinate information for the Forum.

· 
Managing and supporting the work of others; this role will require the day to day management of an Actuarial Trainee.

· 
Collaborating with colleagues throughout the business to collate process inputs and to ensure that all relevant information is shared between teams.

· 
Review and challenge data deliveries to the team to ensure accuracy.

· 
Work independently and ensure you are kept informed of current issues and developments that may have a bearing on solvency numbers.

· 
Constantly look for/implement process improvements to increase accuracy and reduce manual manipulation within the process.

Skills and Experience

· 
Educated to degree level with a relevant professional financial qualification. Qualified Actuary status is preferred but is not essential when combined with actuarial experience.

· 
Demonstrable actuarial experience developed within a Life insurance function is essential.

· 
Good understanding of solvency metrics, in particular Solvency II.

· 
Knowledge of solvency projection roll-forward and estimation techniques.

· 
Demonstrable experience in managing actuarial processes within a fast paced environment where flexibility is key.

· 
Strong capabilities in Microsoft Office, particularly Excel, Word and PowerPoint.

· 
Excellent report writing and written communication skills - able to deliver updates to senior management in a concise and effective way.

· 
Solid relationship management skills - confidence in engaging with senior managers and external business partners as well as collaborating with the wider team to deliver projects on time.

What will you get for this role?

· 
Competitive annual 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.

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 Megan Douglas a call on 0121 234 7665 or send an email to megan.douglas@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.