EC Actuary (Life)

29 Sep 2017
03 Nov 2017
Contract Type
Full Time
EC Actuary Life (York)

Aviva provides around 31 million customers worldwide with insurance, savings and investment products. We are the UK’s largest insurer and one of Europe’s leading providers of life and general insurance. We combine strong life insurance, general insurance and asset management businesses under one powerful brand.

We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which our people are proud to work.

Aviva’s a new global operating model for Finance, based on shared services supporting the markets and a leaner corporate centre consists of four pillars.

The four pillars of this global operating model are:

Aviva Finance Markets (AFM): a commercial team who will be a co-pilot to the market CEOs and business leadership teams.Aviva Finance Operations (AFO): a highly effective and agile team managing resources and providing excellent services to the rest of our function.Aviva Finance Technical (AFT): a team of Finance experts who will leverage our global technical expertise in areas like investments, tax, hedging, re-insurance and actuarial advisory to provide “solutions” which are consistent across Finance.
  • Aviva Finance Corporate (AFC): an insight-oriented team who will own headquarter functions such as Investor Relations, Capital Allocation, Treasury, Financial Planning & Analysis, and Mergers & Acquisitions.
  • The Team

    This role is part of the Aviva Finance Operations (AFO) team: a highly effective and agile team managing resources and providing service excellence to the rest of Aviva’s Finance function. This team, under the leadership of our global process owners, will be responsible for our core global Finance operational and reporting production processes.

    Within AFO, we have a dedicated team supporting the group’s reinsurance market finance team, responsible for all financial reporting relating to Aviva International Insurance Limited (AII) and Aviva Re. AII is a substantial captive insurer, with over £50bn of assets, 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. Aviva Re is Aviva’s offshore captive reinsurance vehicle, which provides further targeted opportunities around capital and solvency management, as well as running off historic liabilities.

    The Person

    The primary purpose of the role will be in relation to the production of economic capital information to support the Market Finance teams of Aviva International Insurance Limited (AII) and Aviva Re Limited.

    Duties & Responsibilities

    Internal and external reporting deadlines achievedAccuracy of resultsIdentification of risksMaintain effective relationship with External AuditorsAccurate and timely completion of inputs to economic capital figures, CLR and reserving reportsAccurate and timely completion of relevant management informationEffective and insightful commentary to support management informationEffective and professional relationships are maintained with service provider(s) and all other stakeholdersSkills & Experience required


    Degree level or equivalent.Qualified Actuary with relevant post qualification experience.Skills/Knowledge:

    Overall mix of relationship management skills and actuarial and internal model (preferably Aviva’s IM3 model), and Group consolidation skills including:

    Good insurance regulatory knowledge particularly in relation to solvency II, including standard formula economic capital in respect of life businessKnowledge of modern actuarial skills and technical reinsurance modelling and the ability to apply these in a practical and efficient manner to benefit business performanceStrong analytical skills.Ability to prioritise work and manage multiple projects / deadlines.Insurance (particularly reinsurance) IFRS accounting knowledgeInsurance regulatory knowledge, particularly in relation to Solvency II,An understanding of Bermudan regulatory reporting requirements would be desirableAbility to work effectively in a multicultural environmentAbility to understand and interpret large amounts of data and narrative, and summarise it into succinct, meaningful and insightful commentaryEnsure deliverables to very high qualitative standards and against concurrent deadlinesInfluencing and relationship management skills essentialGood knowledge of insurance products and marketsProactive stakeholder management skillsExcellent communication skills, both written and oralPrioritisation capabilitiesExperience:

    Track record of delivery (e.g. projects, product launches, financial reporting) to tight timescales.Insurance/reinsurance business experience.Good awareness of Solvency II Pillar 1 and Pillar 3 requirements, with a working knowledge desirable.Experience of preparing Solvency and Financial Condition Reports and Regular Supervisory Reports.Experience of working in an international firm, with significant interactions across multiple stakeholders.Experience of working with an external Approved Actuary is desirable.Experience of Aviva Group Internal Model consolidation tools (IM3), Prophet, and excel.Experience of the Aviva risk management systems, including iCare.Location: York

    Additional Information

    Bring to Aviva what makes you different and we’ll support you to do the best work of your life. We encourage applications from everyone who wants to help us achieve our purpose of helping our customers to Defy Uncertainty.

    Becoming a more inclusive and diverse organisation is a business imperative. 87% of our people feel that people from diverse backgrounds can succeed at Aviva. We are accelerating our strategy through innovative practices and expert partners.

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

    We prefer all applications to be submitted online, however if you require an alternative method of applying please contact Alistair Buchanan in the Resourcing team

    This job was originally posted as