Pricing Actuary (Individual Annuities)

Individual Annuity Pricing Development Actuary

Salary between £80,000 and £90,000

Due to the continued success and investment in our Individual and Bulk Annuity businesses, an excellent opportunity has arisen to join the Annuity Pricing team to support delivery of our Individual Annuity trading plan.

Reporting to the Annuity Pricing Director, this role would suit a commercially minded and delivery focused individual with strong actuarial, leadership and problem-solving skills.

You will join a wider multi-disciplinary and talented team in the Retirement Solutions business, and work in a fast-paced, technical and growing market with huge potential to help drive our new business trading results.

A bit about the job:

The Pricing Development Actuary will identify and lead activity to improve our capability and trading performance covering assumption reviews, pricing methodology, models and tools, trading strategy, reinsurance optimisation, pricing proposition developments, operation and strengthening of key pricing controls.

This will be a leadership role in the pricing team, requiring a strategic approach to joining up work across teams and individuals.

You will need the ability to work on multiple initiatives concurrently and the desire to mentor and develop more junior members of the team, drive collaboration and foster a great team culture.

The successful candidate will have the opportunity to work with colleagues and key stakeholders across the Annuity Pricing team, wider Retirement business, Finance and Risk, so will need to build effective relationships.

We are also investing in a new strategic platform for our Individual Annuity business to support improved customer experience, new proposition development and enhanced pricing capability going forward.

Skills and experience we’re looking for:

• Qualified Actuary (or similar experience)
• Track record of applying technical skills and experience to solve business problems
• Strong communication and influencing (verbal, written)
• Strong track record of successfully leading and developing teams / individuals
• Commercial / pricing experience would be beneficial

What you’ll get for this role:

• Starting salary between £80,000 and £90,000 (depending on location, skills, experience, and qualifications)
• Bonus opportunity - 12% of annual salary actual amount depends on your performance and Aviva’s.
• Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in.
• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
• Make your money go further - Up to 40% discount on Aviva products, and other retailer discounts
• Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme
• Brilliantly supportive policies including parental and carer’s leave
• Flexible benefits to suit you, including sustainability options such as cycle to work
• Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others
• We take your wellbeing seriously with lots of support and tools

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply.

We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending around 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.