IFRS 17 Actuary
We are currently recruiting for an IFRS 17 Actuary to work in our Finance Impacts Team within Aviva's IFRS 17 programme. The role is a fixed term contract until the end of December 2021 and can be home based across the UK.
We are aware that our fixed term contractors assist us with achieving our innovative and ambitious growth plans. Therefore, being a part of our organisation/team, your input and expertise will be truly valued. Not only do we value you as an individual, you will also have access to our benefits from your first day with us. This consist of our pension contribution up to 14%, death in service, share scheme, 29 days holiday (not including bank holidays) along with other flexi benefits to meet your individual needs.
The Finance Impacts Team has a global responsibility for governing all required process, data and system changes to deliver combined strategic systems and process change, including IFRS 17. They are responsible for understanding, analysing and communicating how the business financials will change as a result of this new standard across the Group. The team work directly with the market SMEs to review and approve financial impacts across IFRS 17. This workstream provides valuable insight and helps inform management decisions prior to the standard implementation.
The role will support the overall delivery of the IFRS 17 change project ensuring the Group are compliant with the new mandatory IFRS 17 requirements and ready for implementation on 1 January 2023.
You will have a critical role in helping produce analysis and reports to demonstrate the impact of IFRS 17 on the UK Life business, which largely determines the impact of IFRS 17 on the Group as a whole. This will include but is not limited to assessing the impact of IFRS 17 on individual cells and helping produce the UK Life (UKL) IFRS 17 business plan and assessing the impact on retained earnings and, as such, dividend paying capacity. There will also be opportunities to complete similar analysis for Ireland Life and help support Aviva International Insurance with their assessment of the impact of IFRS 17.
Responsibilities in the role:
- Support more senior members of the team to produce key deliverables, including identifying risks and issues so they can be effectively communicated to senior management
- Help plan and delegate work and clearly communicate any issues as they arise and suggest solutions, for example when required data is unavailable
- Review work of more junior members of the team and ensure analysis is complete and has been done in line with controls and governance processes
- Build and maintain strong working relationships with key stakeholders, in particular those in other IFRS 17 workstreams, Finance Business Partners, etc. to get support and share information as required
- Mentor and coach more junior members of the team (there is potential for management responsibilities)
Skills and experience we’re looking for:
- Qualified Actuary (or equivalent by experience) with significant financial reporting experience or detailed knowledge of one or more specific product(s) affected by IFRS 17, i.e. Annuities, Protection or With-Profits
- Strong analytical and problem-solving skills with attention to detail and ability to summarise key information
- An awareness of the new IFRS 17 standard would be advantageous but can be learned in role
- Very strong interpersonal skills and a willingness to work with colleagues from across the Group
- Good management skills – ability to deliver through more junior members of team, including those offshore
- Ability to work independently and on their own initiative and know when to escalate
- Resilience, creativity and flexibility given challenges of implementing a complex, unprecedented new reporting standard
What will you get for this role?
- Salary around £60,000 - £80,000 depending on location, 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
Working at Aviva
At Aviva, we’re people with a purpose. To be with you today, for a better tomorrow.
We bring this to life by ensuring managing risk is at the heart of the way we all work. We love people who do the right thing for our customers, and our colleagues. We want people who speak up, who take responsibility, and who make good decisions.
The way we do this is important too. We always ‘Care More’. It’s our thing. We’re all about our people – that’s you – so we can be pretty flexible. If you want 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. In fact, we don’t advertise roles as either part or full time, because we know each person has different needs, just as each business area has different needs. So, it’s up to you to discuss working hours during your interview.
We care deeply about being inclusive and that means we encourage applications from people with diverse backgrounds and experiences. We want our employees to bring their whole self to work and that starts with you.
We interview every disabled applicant* that meets the minimum criteria for the job. Just send us an email once you’ve applied stating that you have a disclosed disability and we’ll make sure we interview you.
We’d love it if you could submit your application online. If you require an alternative method of applying, please give Lacey Lane Mckoy a call on 0207 255 0884 or send an email to email@example.com
*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you should 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.