A fantastic opportunity has arisen to join the Annuities team as an Actuarial Trainee in the Pricing Team.

The successful candidate will join a dynamic and motivated team that will drive success for the Annuity business. The role is based out of York or London however, Aviva is committed to working flexibly and making the most of virtual working and utilising the technology we have to enable us to continue to collaborate with colleagues and engage with our customers.

The bulk annuity market continues to grow as Defined Benefit pension scheme trustees and employers’ de-risk their balance sheets. Bulk annuity business is a key area of growth and value generation for Aviva, with business volumes tripling over recent years

The Capital & Pricing team is responsible for ensuring that the pricing strategy for annuities set Aviva up for success which means understanding the key drivers of annuity profitability and turning these into a successful pricing strategy. The team is also responsible for the annual Planning process and correspondingly setting the pricing targets through the year while reacting to financial and commercial changes.

Duties & Responsibilities Involve:

• Assisting pricing actuaries with setting key pricing assumptions by carrying out analysis in key areas

• Developing and maintaining pricing models to keep them cutting edge and allow us to win business

• Assisting with Planning and re-forecasting of Full Year expectations to help the management make key strategic decisions

• Estimating the impact of financial condition changes to the expected price, to help external consultants understand Aviva’s pricing levels in given market conditions

Skills & Experience Required:

• Strong mathematical/numerical or actuarial skills

• Strong excel skills (VBA or similar skills would be an advantage but not essential)

• An interest and ability in analysing data to discover insights and an ability to communicate these

• A passion for actuarial sciences, numbers and problem-solving

• A curious and courageous mentality

• Positive attitude and behaviours, and a willingness to learn new things and work as part of a dynamic team under commercial pressures

• Some progress with actuarial exams or an interest in pursuing these or experience in an actuarial role would be beneficial

• Knowledge of the BPA market or defined benefit pensions would be an advantage but is not essential

• 2:1 degree or other equivalent experience

What will you get for this role?

• Salary from £26,000 onwards depending on skills, experience and qualifications (we will put together a bespoke package depending on exams which have been passed)

• 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 ownership, and who make good decisions.

The way we do this is important too, 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. Once you’ve applied, please send us a separate email 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 Guv Johal a call on 0750 008 7919 or send an email to Guv.Johal@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.