This is an exciting time to join Aviva's Defined Benefits Solutions team as a Reinsurance Manager. The role sits in our dynamic, growing and motivated Reinsurance and Structuring Team who drive success for the Defined Benefit Solutions business unit.
We believe our brand, financial strength, asset origination capability and pricing advantage and corporate relationships offering as well as our in-house administration perfection, ideally place us to be a partner of choice for our clients.
We are looking for new talent to develop and implement de-risking solutions for defined benefit pension schemes, collaborating across the wider Aviva network to deliver compelling, commercial results for the client and Aviva.
The role will focus on structuring and execution of reinsurance and capital relief transactions to drive the volume grown in the bulk annuity business, as well as assisting in the structuring of Solvency II securitisations on asset classes such as Equity Release and Lifetime Mortgages and other illiquid assets.
The role's duties & responsibilities:
Structuring complex transactions, including pricing and modelling work
Technical reviewing of legal documentation for reinsurance transactions and collateral arrangements
Preparing technical papers and documentation for internal governance and approval processes
Interacting with external clients and internal business partners â€“ a focus on negotiation, governance, reports and problem-solving
Supporting the reinsurance tender process and assisting with analysis of reinsurance terms
Working with the BPA Pricing and Deal Management teams to optimise commercial outcomes
Adapting to new and different transaction responsibilities
Skills & experiences required:
Significant commercial experience in an insurance company, consultancy or a bank
Strong experience of structuring/reviewing legal documentation
A part-qualified or nearly/newly qualified actuary, or significant experience in a quantitative role
Experience of cashflow and financial modelling specifically in modelling or pricing bulk annuity products would be an advantage
Degree in a quantitative field with experience of analytical tools and techniques - strong mathematical/actuarial background and Excel/VBA skills
UK pensions knowledge is also desirable
What will you get for this role?
A competitive salary depending on skills, experience and qualifications
Generous defined contribution pension scheme
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
Up to 40% discount for some Aviva products through "My Aviva Extras" plus discounts for Friends and Family (some exclusions apply)
Excellent range of flexible benefits to include a matching share save scheme
Oh, and by the wayâ€¦
At Aviva, we always 'Care More'. It's our thing. We're all about our people â€“ that's you â€“ so we can be pretty flexible. If you need to work from home some of the time or change your hours so you can pick up your kids or care for someone in your family, we're very open to that. We'll even try to bend work around your further studies or hobbies where we can.
We care deeply about welcoming people no matter where they're from, how old they are or what disability they have. We encourage applications from every age, race, ethnicity, disability, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or caring responsibility. We want our employees to bring their whole self to work and that starts with you!
As part of that we interview every disabled applicant* that meets the minimum criteria for the job. Just send us an email once you've applied, and we'll make sure we interview you.
If you like the sound of all that, we'd love it if you could submit your application online!
*As defined in The Equality Act 2010*. By 'minimum criteria' we mean you must provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.