Principal Actuarial Consultant

2 months ago


York, York City, United Kingdom Aviva Full time

Senior Actuarial Manager

Salary: £90,000 - £100,000

We are pleased to announce an opportunity for a Senior Actuarial Manager to become part of our team on a fixed-term contract. This position is ideal for an individual with strong technical expertise who is eager to contribute to our dedicated and resilient team as we enhance our methodologies in Credit Risk modelling.

Overview of the Role:

This position is situated within our Group Actuarial & Capital Change (GACC) division, focusing on our Credit Risk Modelling initiative. The team aims to refine our strategies for Credit Risk modelling to bolster both the capital reserves on our balance sheet and the pricing of our Bulk Purchase Annuities.

You will engage in detailed modelling of credit risk drivers at a granular level, alongside Matching Adjustment in stress scenarios, establishing calibrations and the framework for the SCR, drafting reports for expert panels, ensuring adherence to regulations, and addressing implications arising from Solvency UK reforms.

Required Skills and Experience:

  • Qualified actuary with a background in modelling credit risks and annuity portfolios
  • Demonstrated success in technical actuarial positions, such as actuarial function/calibrations/MaiS
  • Capability to operate autonomously
  • Confidence in producing work that meets the standards required by the PRA
  • Exceptional stakeholder management abilities, with a talent for simplifying and conveying complex information tailored to the audience's needs

Benefits of the Role:

Our commitment - with you today, for a better tomorrow – extends to our colleagues as well. One of the ways we uphold this commitment is through our investment in your development. We offer a wealth of benefits as an Aviva colleague.

  • Starting salary between £90,000 and £100,000 (dependent on location, skills, experience, and qualifications)
  • Bonus potential of 12% of annual salary, with the actual amount based on performance and Aviva's results.
  • Comprehensive pension scheme - Aviva will contribute up to 14%, based on your contributions.
  • 29 days holiday plus bank holidays, with the option to buy or sell up to 5 additional days
  • Enhance your financial benefits - Up to 40% discount on Aviva products, along with other retailer discounts
  • Up to £1,200 of complimentary Aviva shares annually through our Matching Share Plan and share in Aviva's success with our Save As You Earn scheme
  • Supportive policies including parental and carer's leave
  • Flexible benefits tailored to your needs, including sustainability options like cycle to work
  • Make a positive impact by joining our Aviva Communities and utilizing your 3 paid volunteering days to assist others
  • We prioritize your wellbeing with extensive support and resources

Explore further to discover more about our offerings. Input a salary into our calculator to see your total Aviva Reward.

Aviva's Commitment to Inclusion:

We embrace diversity and welcome all applicants – we encourage applications from individuals with varied backgrounds and experiences.

Feeling excited but unsure if you meet every requirement? Research indicates that women, in particular, may feel this way. So, regardless of gender, we encourage you to apply. If you are considering a job share, please apply as a pair.

We offer flexible locations, hours, and working arrangements to accommodate our customers, business needs, and your preferences. Most of our employees engage in smart working, spending approximately 50% of their time in our offices each week, blending the advantages of flexibility with collaborative time with colleagues.


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