Actuarial Expert - Model Validation

Aviva; London; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

A leading insurance company based in London is looking for an Actuarial Expert specializing in Model Validation. The successful candidate will provide high-quality validation services for various business units, ensuring compliance and robust analysis. Ideal candidates will have a solid understanding of risk frameworks, be qualified actuaries, and possess strong analytical and communication skills. This role offers a competitive salary with generous benefits including bonuses and a pension scheme.

Benefits

Bonus opportunity - 12% of annual salary

Generous pension scheme - up to 14% contribution

29 days holiday plus bank holidays

Up to 40% discount on Aviva products

Up to £1,200 of free Aviva shares per year

Flexible benefits including sustainability options

Paid volunteering days

Supportive policies including parental leave

Qualifications

• Solid understanding of risk management models and frameworks.
• Familiarity with Solvency II/UK rules and capital modelling for Life business.

Responsibilities

• Deliver high-quality validation services for models owned by various Business Units.
• Responsible for scoping, executing, reviewing, and reporting on validation activities.
• Collaborate closely with model owners throughout the validation process.

Skills

Strong analytical skills

Excellent communication skills

Ability to work independently

Education

Qualified actuary or equivalent experience

Job description

Actuarial Expert - Model Validation

Salary ranges between £80,000 - £120,000

This is an exciting opportunity for someone who enjoys being involved in a wide variety of tasks, enjoys interrogating models and has the desire to provide challenge through our business partnering approach. If you are someone with an eye for detail with sound technical knowledge, this may be an opportunity worth considering:

A bit about the job:

In this role, you will deliver high-quality validation services across the Group for models owned by various Business Units. You will be responsible for scoping, executing, reviewing, and reporting on validation activities for Aviva’s groupwide material models, including the Solvency II/UK Internal model. You will collaborate closely with model owners throughout the validation process.

Additionally, you may have the opportunity to develop challenger models and enhance our repository of validation tools.

What We’re Looking For:

• A solid understanding of risk management models and frameworks, and/or Solvency II/UK rules and capital modelling for Life business.
• Qualified actuary or equivalent experience.
• Strong analytical skills.
• Ability to work independently.
• Excellent communication and stakeholder management skills.

What you’ll get for this role:

• Salary ranges from £80,000 - £120,000 (depending on skills, experience and qualifications).
• Bonus opportunity - 12% of annual salary. Actual amount depends on your performance and Aviva’s.
• Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in.
• 29 days’ holiday plus bank holidays, and you can choose to buy or sell up to 5 days
• 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

Take a look to learn more.Put a salary into this calculator to see what your total Aviva Reward could be.

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 around 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

We interview every disabled applicant who meets the minimum criteria for the job. Once you’ve applied, please send us an email stating that you have a disclosed disability, and we’ll interview you.

We’d love it if you could submit your application online. If you require an alternative method of applying, please give Dylan Wood a call on 07385 426164 or send an email [e-mail].