An opportunity at Aviva has arisen for a BPA Actuary to join our BPA Operations team responsible for the seamless implementation of new BPA deals and the provision of ongoing (BAU) services to BPA customers. The team is supported by an actuarial division which provide technical support to both Operations and wider BPA team.
Aviva is a Covid compliant employer with employees working remotely, post-Covid the successful candidate would be based out of our Norwich office with the expectation to be office based 1-2 days a week.Duties & Responsibilities:
Skills & Experience:
- Review the calculations of final premiums ensuring consistency with the terms of the BPA deal and any contractual requirements. Assist the senior actuaries in their sign-off duties
- Review and sign off valuations of buy-in contracts for trustee and corporate accounting disclosures purposes
- Liaising with auditors and answering any technical queries raised
- The calculation and review of ongoing administration factors to ensure consistency with current market conditions and current pricing terms. The calculation and review of ad hoc actuarial factors
- Reviewing the calculation of transfer values referred to the actuarial team for review and the ongoing development and maintenance of transfer value calculation processes and systems
- Answering technical queries from the Operations and Administration teams
- Attendance at trustee meetings as a technical expert supporting the client relationship manager
- Liaising with other Aviva teams including: implementation, administration, reinsurance, deal managers, pricing, legal, and risk
What we offer:
- Qualified actuary (FIA/FFA)
- A strong knowledge of defined benefit pensions (essential)
- Extensive experience of checking actuarial valuations and transfer values (essential)
- A good knowledge of the BPA market and its products (preferred)
- Strong quantitative skills (essential)
- Strong communication skills enabling relationships to be built and maintained both internally and externally
- Be well organised and able to effectively manage competing demands
- Maintain and align your working practices to the team's controls and goals
Working at Aviva
- Competitive salary depending on location, skills, experience and qualification
- Generously defined contribution pension scheme
- Holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days (Pro Rata)
- 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
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 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. 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 contact our recruiter, Samuel Whitehouse, at firstname.lastname@example.org.
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.