Reinsurance Actuary

Aviva; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Bonus opportunity

Pension scheme

Holiday allowance

Private medical

Product discounts

Share plan

Save as you earn

Parental leave

Cycle to work

Volunteer days

Wellbeing support

Job summary

Aviva is seeking a Reinsurance Actuary to support the Retirement business in London or Norwich. The role involves administration of in-force reinsurance arrangements, analysing data, and collaborating with reinsurers, trustees, and internal stakeholders.

The ideal candidate has Defined Benefit pensions or annuity experience, strong numerical skills, and good communication abilities. Excel, VBA, and SQL skills are advantageous, with flexibility on location.

Qualifications

• Experience within Defined Benefit pensions, annuity insurance, reinsurance operations or a related actuarial environment
• Strong numerical and analytical skills, with experience reviewing complex calculations and data
• Excellent communication skills and the ability to build effective relationships with internal and external stakeholders
• Good working knowledge of Excel, with VBA and SQL skills advantageous
• Qualified actuary, working towards actuarial qualification, or able to demonstrate equivalent actuarial or pensions experience

Responsibilities

• You will join Aviva's Reinsurance Operations team responsible for ongoing administration and oversight of all in-force reinsurance arrangements within Aviva's Retirement business
• You will review and analyse reinsurance data, premium calculations, accounts and collateral materials, support onboarding of new transactions, and help enhance processes, controls and systems

Skills

Pensions experience

Reinsurance operations

Analytical skills

Communication skills

Education

Actuarial qualification in progress or qualified

Tools

Excel

VBA

SQL

Job description

Reinsurance Actuary – Salary Competitive (depending on location, skills, experience, and qualifications)

Location: London or Norwich

Are you someone with experience in Defined Benefit pensions, annuity insurance or reinsurance administration who enjoys solving complex problems and working with large datasets?

This is a great opportunity for someone looking to build on their actuarial, pensions or reinsurance experience within a team that plays a critical role in supporting Aviva's growing Retirement business. Whether you're a qualified actuary, progressing through the actuarial exams, or have developed strong technical expertise through experience, this role offers the chance to work on high-profile reinsurance arrangements while developing specialist knowledge in a growing area of the market.

A bit about the job:

You’ll join our Reinsurance Operations team, which is responsible for the ongoing administration and oversight of all in-force reinsurance arrangements within Aviva's Retirement business. Working closely with reinsurers, trustees and internal stakeholders, you’ll support the effective operation of reinsurance agreements that help manage risk and deliver capital-efficient solutions. You’ll be responsible for reviewing and analysing reinsurance data, premium calculations, accounts and collateral materials, supporting the onboarding of new transactions, and helping to enhance processes, controls and systems that underpin the team's success.

Skills and experience we’re looking for:

• Experience within Defined Benefit pensions, annuity insurance, reinsurance operations or a related actuarial environment
• Strong numerical and analytical skills, with experience reviewing complex calculations and data
• Excellent communication skills and the ability to build effective relationships with internal and external stakeholders
• Good working knowledge of Excel, with VBA and SQL skills advantageous
• Qualified actuary, working towards actuarial qualification, or able to demonstrate equivalent actuarial or pensions experience

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 competitive (depending on location, skills, experience, and qualifications)
• Bonus opportunity - 10% (D 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