Actuarial Advisor

Actuarial Advisor Salary ranges from £30,000 - £40,000

This is an exciting opportunity for someone who enjoys being involved with a wide variety of work and making a real difference for the customers of the UK's largest insurer.

The team is responsible for calculating with-profits bonus rates to ensure customers receive a fair payout on their policy.

The team also provides actuarial advice and product support to a wide variety of customers both internally and externally and plays a key role in supporting company projects which help our existing business policyholders.

A bit about the job

In this role you will help ensure With-Profit bonus rates (such as final bonus rates, surrender / transfer value factors and estimated maturity values factors) are calculated and implemented correctly.

You will also help to improve these processes; making them quicker, simpler to run, and give better customer outcomes. You will also spend time answering technical policy queries from a wide variety of customers both internally and externally and may be involved in supporting projects that impact our existing business policyholders.

You will be required to go into the York office x2 days per week.

Duties & Responsibilities

Responsible for delivering timely and accurate calculations for both the Bonus process, and the wider team activities. This may involve updating the assumptions and benefits within Excel spreadsheets and checking the results are appropriate.

Communicating with stakeholders in With-Profit (WP) Governance and the With-Profit actuary plus third-party admin contacts.

Maintaining and updating the team's spreadsheets

Answering policyholder queries from various internal teams and third-party admin teams, ensuring these are done to a high standard whilst in line with the team SLA.

This may involve using defined methods or spreadsheets to perform the calculations or investigating which is the correct method.

Testing output from IT systems to ensure correct values when assumptions change.

A wide range of product knowledge and experience, including understanding WP business.

Strong analytical skills and good MS Excel skills.

Ability to manage and prioritise workload with business objectives.

Strong communication skills.

Teamwork.

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 ranges from £30,000 - £40,000 (depending on skills, experience and qualifications).

Bonus opportunity 8% 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.