Financial Risk Actuary

Aviva; Ireland; Hybrid; EUR 100,000 - 109,000; Full time

Benefits offered by this job

Generous pension (employer/employee),

Annual bonus potential

Comprehensive health insurance

Career progression and professional QS

Flexible working arrangements

Volunteering days

Diversity and inclusion programs

Job summary

Aviva Life & Pensions Ireland (ALPI) is seeking a qualified actuary to join the Risk team as a Financial Risk Actuary. You will provide independent challenge and oversight across life insurance risks, including mortality, longevity and expenses, and contribute to risk reporting for senior management and the Risk Committee.

You will also support ORSA processes and updates to the Risk Appetite Framework, while partnering with key stakeholders on business projects to safeguard policyholder outcomes

Qualifications

• Qualified actuary with significant actuarial experience within the life insurance industry.
• Strong experience in life insurance product pricing, product development, financial management and/or financial reporting.
• Good understanding of life insurance prudential and reporting frameworks, including Solvency II and IFRS requirements.
• Strong stakeholder management and communication skills with the ability to provide constructive challenge at all levels.
• Knowledge of life and pensions products, including unit-linked, with-profits and protection products; experience of reinsurance arrangements would be beneficial.

Responsibilities

• Review and provide independent challenge on life insurance risks including mortality, longevity, morbidity, persistency and expense risks.
• Assess and challenge the data, assumptions and modelling approaches underpinning insurance risk management and reporting.
• Prepare and contribute to risk reporting for senior management, Board and Risk Committee forums, with a focus on life insurance risk exposures.
• Support the annual Own Risk & Solvency Assessment (ORSA), Risk Appetite Framework updates, and provide risk oversight on key business projects.
• Represent the Risk Function at governance forums and provide technical expertise and challenge across risk reviews, claims committees and other risk governance activities.

Skills

Life insurance pricing

Product development

Financial management

Financial reporting

Stakeholder management

Communication skills

Reinsurance knowledge

Education

Actuary qualification

Tools

Solvency II

IFRS

Job description

About the Role

At Aviva, we\'re helping our customers live life with confidence, and risk plays a vital role in supporting that ambition. We have an exciting opportunity for a qualified actuary to join the Aviva Life & Pensions Ireland (ALPI) Risk team as a Financial Risk Actuary. This role offers the opportunity to gain broad exposure across the business while providing independent oversight, challenge, and support on a wide range of life insurance risks. You\'ll play a key role in ensuring risks are managed effectively, supporting strong customer outcomes and sustainable business performance.

Duties & Responsibilities

• Review and provide independent challenge on life insurance risks including mortality, longevity, morbidity, persistency and expense risks.


• Assess and challenge the data, assumptions and modelling approaches underpinning insurance risk management and reporting.


• Prepare and contribute to risk reporting for senior management, Board and Risk Committee forums, with a focus on life insurance risk exposures.


• Support the annual Own Risk & Solvency Assessment (ORSA), Risk Appetite Framework updates, and provide risk oversight on key business projects.


• Represent the Risk Function at governance forums and provide technical expertise and challenge across risk reviews, claims committees and other risk governance activities.

Skills & Experience

• Qualified actuary with significant actuarial experience within the life insurance industry.


• Strong experience in life insurance product pricing, product development, financial management and/or financial reporting.


• Good understanding of life insurance prudential and reporting frameworks, including Solvency II and IFRS requirements.


• Strong stakeholder management and communication skills with the ability to provide constructive challenge at all levels.


• Knowledge of life and pensions products, including unit-linked, with-profits and protection products; experience of reinsurance arrangements would be beneficial.

What will you get for this role?

The work you do at Aviva will make a real difference to our customers. We will recognise your contributions and reward you. From competitive salaries to generous pension contributions and paid paternity leave; take a look through some of our employee benefits! The expected pay range for this role will fall between €100,000 and €109,000 and salary offered will commensurate with candidate\'s level of skills and experience. A competitive market leading salary depending on skills, experience, and qualifications.

Benefits

• Generous pension (employee contribution matching of up to 14% if you contribute 8%).


• Annual performance related bonus and pay review.


• Holiday allowance of 29 days plus bank holidays, and the option to buy/sell up to 5 additional days.


• Generous Health & dental insurance contributions.


• Aviva Matching Share Plan and Save As You Earn scheme and Approved Profit Share Scheme.


• TaxSaver Travel Scheme.


• Up to 40% discount for some Aviva products plus discounts for Friends and Family.


• Professional qualification support and transparent career progression plans.


• 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 paid volunteering days to help others.


• We take your wellbeing seriously with lots of support and tools.

Fitness and Probity

This is a Regulated Role and will be subject to enhanced pre-employment screening procedures. There will be an on-going requirement for the role holder to maintain fit and proper status.

Aviva is for Everyone

Our diversity and inclusion policies and initiatives are shaping an environment where everyone feels welcome regardless of age, disability, race, ethnicity, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or those with other caring responsibilities. Our approach helps to ensure that Aviva is a place which values difference and provides equal opportunities for all.

Flexibility & Working arrangements

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. We prefer all applications to be submitted online, however if you require an alternative method of applying please contact.