We are currently recruiting for a Reinsurance Actuary to be a part of our phenomenal Reinsurance Operations team!

If you have experience working in Defined Benefit pensions or annuity insurance/reinsurance administration and are seeking a new challenging opportunity to play a key role in overseeing the growing portfolio of annuity reinsurance then come join our team, this role could be ideal for you.

A bit about the job:

The Reinsurance Operations team has sole responsibility for the on-going administration of all in force reinsurance arrangements within Retirement Solutions.

They play a key role within Aviva, by working with reinsurance companies and pension schemes to design and administer capital efficient solutions that effectively manage risk for Aviva. It is a key function for Aviva to be able to meet its strategic ambitions.

As one of the Reinsurance Actuaries, you will get involved in a broad range of activities relating to the oversight of reinsurance arrangements. For example, carrying out and checking analysis of insured data extracts to identify changes for a portfolio of reinsurance arrangements, and then calculate the updated reinsurance premiums using the new dataset. As a team we are very supportive and pride ourselves on the accuracy of the work we deliver, always striving for ways we can improve processes to reduce risk and increase efficiency – everyone in the team plays a key role in meeting this goal.

The role’s main duties & responsibilities:

• Checking / reviewing accurate account and collateral materials for a portfolio of reinsurance arrangements, ensuring a robust control framework and audit trail process is adhered to.

• Checking / reviewing annual calculation of the revised Premium Schedule and any over/under payment due.

• Assisting / reviewing on-boarding of all new reinsured schemes onto the reinsurance administration system within a timely manner.

• Appetite to become involved in team management responsibilities including line management of others.

• Leading on ad hoc projects to harmonise Reinsurance Operations practices across the wider Aviva business.

Skills and experience we’re looking for:

• Ideal candidate would have experience in Reinsurance Operations or experience of direct involvement in pension transactions.

• Knowledge of defined benefit pension specifications.

• Strong numerical skills and a good attention to detail.

• Ability to work in a structured and organised way, and to manage multiple deadlines, to ensure that all tasks are completed on time.

• Excellent communication skills essential for building key relationships with both internal and external stakeholders.

What you’ll get for this role:

• Salary is £65,000 - £71,000 (National) or £70,000 - £85,000 (London) (depending on location, skills, experience and qualifications).

• Bonus opportunity - 10% 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 people with diverse backgrounds and experiences.

Excited but not sure you tick every box? Research tells us that women, particularly, feel this way. So, regardless of gender, why not apply. And if you’re in a job share just apply as a pair.

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 to Dylan.wood@Aviva.com