AII Market Senior EC Actuary GI - Treaty management

London (Greater)
Up to £95,000 dependent on experience
31 Oct 2017
16 Nov 2017
Contract Type
Full Time
AII Market Senior EC Actuary GI - Treaty management


Job ID: R-57978
Full time


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 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.

The Team

This role is part of the Group's dedicated reinsurance market finance team, responsible for all financial reporting relating to Aviva International Insurance Limited (AII).

All is a substantial captive insurer, with over £50bn of assets, writing both Life and GI business. You will play 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

Key Responsibilities:

The primary purpose of the role will be to ensure that the performance of the GI treaties that AII has with its cedants is optimised and that the obligations of the treaties are met.

This will include understanding how our GI treaties work and the economic capital results of each of them. You will also use you knowledge of the cedants to help identify and assess possible business development opportunities.

You'll be working in a small team within the AII Capital and Actuarial Markets team, liaising with specialist teams within AFO. As the subject matter within AFM, your work will include, but is not limited to, the following:
*Providing timely analysis and insight of the underlying economic capital results of each of our GI treaties on the AII balance sheet,
*Having an in-depth close working knowledge of each treaty
*Be able to understand and assess the impact of any potential actions carried out by the cedants on both the AII and the overall group position.
*Helping identify and assess possible business development opportunities.
*Supporting the optimisation of the AII balance sheet through understanding the impact of existing treaties


We're looking for a qualified actuary with considerable demonstrable post-qualified experience, ideally gained within a general insurance company environment. You will have a strong mix of relationship management, communication and technical actuarial skills. You will have experience of working on both internal model and standard formula companies.

You will be able to understand and interpret large amounts of data and narrative, and summarise it into succinct, meaningful and insightful commentary. You will have a proven record of delivering to time and quality, and experience of stakeholder management across a range of disciplines and seniority levels. This is hugely dynamic role, and while you will need to be comfortable with dealing with a broad spectrum of responsibilities and tasks, it will provide you with a diverse range of development opportunities and a strong position to progress their career within Aviva.
*Salary up to £95,000 dependent on experience, skills and qualifications
*Annual performance related pay review and bonus
*Defined contribution pension scheme
*Generous holiday allowance
*Excellent flexi-benefits package

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.

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, or flexible work schedules to accommodate parent and carer responsibilities, further studies and hobbies.