Aviva UK is now looking to hire a IFRS 17 Actuary to join us on a fixed-term contract (FTC) until the end of 2022.

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

Aviva is now implementing the IFRS 17 reporting standard. This marks a step change in how we report our profit and loss and is arguably the most significant change in insurance reporting for a generation, which is where this role comes in.

The primary purpose of the role-holder will be in relation to the delivery of IFRS 17 financial information to support decision making and legal entity statutory/regulatory reporting requirements in respect of Aviva International Insurance Limited (AII).

Aviva has introduced “smart-working”, and the person in this role will only be expected in our York offices 3 times a week.

The role’s duties & responsibilities

The role will require a strong understanding of how Life insurers operate and write profitable business, an understanding of IFRS financial reporting, the ability to draw conclusions from dry run analysis and the ability to apply broader commercial thinking to be able to recommend specific technical choices.  Additional responsibilities include:

• Review, understand and interpret IFRS 17 financial impact analysis across Annuities, Protection and Unit Linked business areas

• Provide SME input into results including risks & limitations of the analysis

• Provide support & insight to project lead (AII Chief Accountant) & project sponsor (AII CFO) where required, including recommendations and suggestions as to ongoing IFRS change activities

• Coordination and engagement with key cedant contacts to ensure that technical decisions are aligned where possible and that cedants understand and can provide the data/calculations required

• Supporting the coordination of the calculation of the transitional IFRS 17 impacts including review, understanding and messaging, including managing internal (senior management) and external (auditors) stakeholders

• Engagement in audit review of work created/generated under the AII work stream

Skills & experiences required:

• Qualified actuary with understanding of financial reporting metrics for Life business

• Financial Reporting, messaging, analysis experience

• IFRS 17 or Quota Share Reinsurance actuarial IFRS 4 experience

• Understanding of accounting aspects of IFRS (P&L/Income statement constructions)

• Ability to interpret complex data, craft management actions and feed into plans/high level communications

• Background of identifying appropriate simplifications and working assumptions to meet interim requirements, to systematically remove or agree these to reach audit quality

What will you get for this role?

• A salary up to £67,000 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 (Pro Rata)

• 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 Daniel Hopchet a call on 0121 234 7625 or send an email to Daniel.Hopchet@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.