Actuarial Analyst

Aviva plc; Norwich, York and North Yorkshire; Remote; GBP 45,000 - 55,000; Full time

Benefits offered by this job

Bonus opportunity 8%

Pension scheme

29 days holiday

Private medical benefit

Employee discounts

Matching Share Plan

Save As You Earn

Volunteer days

Flexible benefits

Cycle to work

Job summary

Aviva is recruiting an Actuarial Analyst to support the BPA actuarial team in Norwich or York. The role focuses on Defined Benefit pensions, actuarial calculations and administration factors with study support available.

You’ll work with operations, trustees and auditors on valuation work and delivery of high-quality customer outcomes. Excellent analytical and IT skills are required, with progress toward actuarial qualification encouraged.

Qualifications

• Experience working within Defined Benefit pensions.
• Experience calculating transfer values and/or supporting actuarial valuation work.
• Strong numerical, analytical and problem-solving skills with excellent attention to detail.
• Good IT skills, including Excel (VBA knowledge would be advantageous).
• Working towards actuarial qualification or equivalent experience gained through a pensions or actuarial environment.

Responsibilities

• Carry out and review actuarial calculations for BPA schemes.
• Maintain administration factors and support valuation work for trustee and corporate accounting purposes.
• Support technical projects and continuous improvement initiatives within the BPA actuarial team.

Skills

Defined Benefit pensions

Transfer values

Actuarial valuation

Excel

VBA

Actuarial exams in progress

Education

Actuarial exams in progress

Tools

Excel

VBA

Job description

Actuarial Analyst – Salary up to £50,000

Locations: Norwich or York

Are you someone with strong Defined Benefit pensions experience who is looking to develop their career within the growing Bulk Purchase Annuity (BPA) market?

This is a great opportunity for someone with a solid DB pensions background who enjoys analytical work, solving complex problems and delivering high-quality customer outcomes. Whether you’re progressing through actuarial exams (with study support available) or have built your expertise through experience, this role offers an excellent opportunity to apply your existing knowledge in a new and rewarding insurance environment.

A bit about the job:

You’ll join our Bulk Purchase Annuity (BPA) actuarial team, supporting the implementation and ongoing management of BPA schemes for our customers. Working closely with operations, trustees, auditors and wider business teams, you’ll carry out and review actuarial calculations, maintain administration factors and support valuation work for trustee and corporate accounting purposes. You’ll also contribute to technical projects and continuous improvement initiatives, helping ensure our processes remain robust, efficient and deliver great outcomes for customers.

Skills and experience we’re looking for:

• Experience working within Defined Benefit pensions

• Experience calculating transfer values and/or supporting actuarial valuation work

• Strong numerical, analytical and problem-solving skills with excellent attention to detail

• Good IT skills, including Excel (VBA knowledge would be advantageous)

• Working towards actuarial qualification or equivalent experience gained through a pensions or actuarial environment

What you’ll get for this role:

Our purpose - with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.

• Starting salary up to £50,000 (depending on location, skills, experience, and qualifications)

• Bonus opportunity - 8% (C grade) of annual salary, (actual amount depends on your performance and Aviva’s.)

• Generous pension scheme - e.g. if you put in 8%, Aviva adds 14%

• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days

• Aviva-funded Private Medical Benefit to help you get expert support when you need it

• Make your money go further - Up to 40% discount on Aviva products, and other retailer discounts

• Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme

• Brilliantly supportive policies including parental and carer’s leave

• Flexible benefits to suit you, including sustainability options such as cycle to work
• Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others

We take your wellbeing seriously with lots of support and tools

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending at least 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here