Our Annuities Team is currently going through expansion and we are seeking two Reinsurance Actuaries to be a part of our dynamic and motivated team! We are flexible with qualification and the role would be suitable for a qualified or part qualified Actuary.

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, we are seeking your expert experience to assist with continuous development and be a part of our phenomenal journey.

As the Reinsurance Actuary, you will be involved with assessing reinsurance transaction flows, manage the tender process with reinsurance partners, work closely with the deal team and support with the overall bidding process. Along with playing a leading role in the structuring of asset-intensive reinsurance transactions across existing and new reinsurance counterparties.

Responsibilities in the role:

• Build and maintain strong relationships with reinsurers for the development of new reinsurance framework agreements and structures

• Explore and develop structuring opportunities across reinsurance, investment assets and equity release mortgages to support annuity new business and capital mitigation initiatives

• Work with stakeholders to manage reinsurer counterparty credit limits and establish netting and collateral arrangements as required

• Build and maintain strong relationships with internal stakeholders to ensure appropriate outcomes across risk, finance and operations

Skills and experience we’re looking for:

• Qualified OR part qualified Actuary

• Structure experience at either an insurer, bank or asset manager

• Demonstrable track record of implementing projects across governance, stakeholder management, transaction documentation and execution

• Strong mathematical/actuarial and excel skills

• Experience with Annuity business and reinsurance

• Positive attitude and behaviours, and an ability to challenge constructively, and influence outcomes where appropriate

Desirable skills:

• CFA qualification

• Knowledge of the Bulk Purchase Annuity market or defined benefit pensions

What will you get for this role?

• Salary up to £82,450 depending on location, skills, experience, and qualifications

• A generous defined contribution pension scheme

• Annual performance related bonus and pay review

• A 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 risk handling 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 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 a diverse group of 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 Lacey Lane Mckoy a call on 0207 255 0884 or send an email to lacey.lane-mckoy@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.