Senior Actuarial Manager

Norwich, Bristol, Perth, York, Sheffield, London (UK)
26 Apr 2021
26 May 2021
Contract Type
Full Time

We are currently seeking a qualified/part qualified Actuary with experience of Capital Modelling in General Insurance to join as Senior Actuarial Manager in our GI Risk Modelling & Analytics team.

We provide deep insight, foresight and efficiency to the Risk Function across a highly varied range of business problems that cover all sources of risk to the organisation (including capital modelling, financial, conduct, compliance, operational and reputational risks). You will be responsible for a team who design, develop & maintain Aviva's GI modelling applications. You will play a vital role in ensuring models are robust, that support is given to the user teams with unexpected results, remedy weaknesses/ limitations and bugs, ensure the models keep pace with Aviva businesses model, as well as, continuing to improve operational processes and provide more insight.


Aviva is Covid19 compliant with employees working remotely "Aviva supports flexible working with the opportunity to work remotely. Our key centres for GI expertise are Norwich and London where most of this team is based, and there may be requirements to travel to Norwich periodically".

Duties & Responsibilities:

You will act as Product Owner for the GI components of Aviva's Internal Model where you will be:

  • Establishing priorities - working with stakeholder teams to identify required developments and establish these into a priority order to form a multi-year plan. Working with the development team to ensure that the stories are delivered in priority order.
  • Defining stories - working with the development team to clearly define the solution, testing standards, and the definition of done for each story.
  • Accepting demos - reviewing the work of the development team to accept story developments as complete, appropriate, and approve on behalf of both ongoing maintainability and fitness for purpose for the users.
  • Communicating with stakeholders - communicating model performance, issues and plans with the users and senior stakeholders. Ensuring that the user's feedback is adequately reflected in the development plans and that users are encouraged to use the best practice approaches available within the model.
  • Working with the aligned methodology team to support the development, testing and ultimately implementation of new methodologies to improve the model.
  • Working with the aligned IT Team to support the continued maintenance and optimisation of the IT environments.
  • Working with the global lead and strategic design team to align the model to strategic best practice across all modelling teams.
  • Maintaining development best practices - keeping internal policies and processes for model development up to date and in line with external requirements, and ensuring that the model development is carried out in line with those policies and processes.
  • Contribute to data science analyses to assist in the quantification of/insight to wider risk management outcomes (including financial, conduct, compliance, operational and reputational risks).

Skills & Experience required:

  • Qualified/part qualified Actuary (or other profession with significant financial modelling experience).
  • Highly numerate and analytical with a developed capability to interpret data and establish alternatives and solutions to complex problems.
  • An ability to balance methodological purity, correctness, system performance, supportability, robustness, understandability and cost.
  • Ability to support junior team members to help them achieve both specific pieces of development.
  • A collaborative attitude, understanding that the optimum solution across Aviva may not be the optimum solution for the individual team.
  • An ability to communicate complex modelling concepts clearly to senior stakeholders.
  • An understanding of the importance of governance requirements in Solvency II.
  • Knowledge of modelling approaches in GI capital and/or reserving processes.
  • Prior experience working with RPC Tyche would be preferred.

What will you get for this role?

  • Salary from £75,000 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.

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 ownership, and who make good decisions.

The way we do this is important too, 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. Once you've applied, please send us a separate email 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 Alice Neal a call on 0121 200 5926 or send an email to .

*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.