Senior Actuarial Insurance Risk Manager

Aviva plc; Norwich; Hybrid; GBP 72,000 - 98,000; Full time

Benefits offered by this job

Salary circa £85,000

Bonus opportunity 12%

Pension up to 14%

29 days holiday + banks

Private Medical Benefit

Discount on Aviva products

Matching Share Plan

Save As You Earn

Flexible benefits

Volunteering days

Wellbeing support

Job summary

Aviva plc in the United Kingdom is seeking a Senior Actuarial Insurance Risk Manager to lead and influence risk understanding across GI foundations. You will review, challenge and catalyse improvements in risk management with focus on pricing, reserving, exposure management, or model risk, reporting to the Head of Insurance risk.

You will collaborate with senior stakeholders across the Actuarial Function, Claims, Pricing & Underwriting to provide a clear risk view and drive deep-dive analyses

Qualifications

• Actuarial, underwriting or accounting qualifications preferred or qualified by experience.
• Experience in actuarial/insurance risk components (reserving, pricing, capital modelling, etc.).
• Analytical thinker able to communicate complex issues to senior stakeholders.

Responsibilities

• Review and challenge management of insurance risk across pricing, reserving, exposure management, and related areas.
• Lead risk deep dives and provide objective risk opinions to enable informed decisions.
• Collaborate with risk, actuarial, claims and underwriting teams to strengthen the risk framework.

Skills

Actuarial risk expertise

Pricing knowledge

Reserving knowledge

Capital modelling

Stakeholder communication

Education

Actuarial qualification

Job description

Senior Actuarial Insurance Risk Manager – Salary circa £85,000

Location: Bristol / York / Sheffield / Norwich / Perth

We have a fantastic opportunity for an experienced Senior Actuarial Insurance Risk Manager to join our team. This role would be perfect for a highly motivated and technically astute General Insurance expert to join a varied, agile and visible team in driving and influencing the appropriate understanding and management of risks and opportunities across the insurance risk foundations within Aviva Insurance Limited’s (AIL) UK general insurance entity. Familiarity with GI insurance markets would be preferable but isn’t essential for this role.

A bit about the job:

You will be responsible for reviewing, challenging and catalysing improvements to the management and optimisation of insurance risk within AIL, with focus on one or more specialisms across pricing, reserving, exposure management, reinsurance, capital management or model risk. Reporting into the Head of Insurance risk, you will work closely with the AIL Chief Risk Officer, AIL Enterprise Risk Director, and the UKGI Risk business partners and will regularly engage with other key stakeholders across the Actuarial Function, Claims, Pricing & Underwriting. Providing an objective Risk view of insurance risks through developing risk opinions and leading risk deep dives is a key aspect of this role.

This role ultimately supports AIL’s Chief Risk Officer to provide oversight across AIL, ensuring the continuing effectiveness of the Risk Management Framework.

Skills and experience we’re looking for:

• Actuarial, underwriting, pricing, and/or capital professional who is driven, curious, commercially minded and ready for a challenge. Actuarial, underwriting or accounting qualifications preferred or qualified by experience.
• Good working knowledge and technical experience of one or more components of actuarial/insurance risk (including reserving, underwriting, pricing, capital modelling, reinsurance, exposure management, model risk), along with familiarity with relevant related enterprise, conduct and operational risk management ideally in general insurance.
• Analytically minded with the ability to articulate difficult and complex issues precisely and concisely to senior stakeholders and decision makers.
• Proven ability to review and appropriately challenge material business decisions, taking ownership of issues and building collaborative relationships across the three lines of defence.
• Ability to spot emerging trends, potential risks and opportunities to the business with a clear articulation of the impact these might have on key performance metrics and risk appetites.

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.

• Salary circa £85,000 (depending on location, 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
• 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

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 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