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 required to travel to our Norwich office 1-2 each week but can be based anywhere.
Duties & Responsibilities : 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 dutiesReview and sign off valuations of buy-in contracts for trustee and corporate accounting disclosures purposesLiaising with auditors and answering any technical queries raisedThe 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 factorsReviewing the calculation of transfer values referred to the actuarial team for review and the ongoing development and maintenance of transfer value calculation processes and systemsAnswering technical queries from the Operations and Administration teamsAttendance at trustee meetings as a technical expert supporting the client relationship managerLiaising with other Aviva teams including : implementation, administration, reinsurance, deal managers, pricing, legal, and riskSkills & experience we would like to see : A qualified actuaryA strong knowledge of defined benefit pensionsExtensive experience of checking actuarial valuations and transfer valuesStrong quantitative skillsStrong communication skills enabling relationships to be built and maintained both internally and externallyBe well organised and able to effectively manage competing demandsMaintain and align your working practices to the team’s controls and goalsWhat we offer : Competitive salary depending on location, skills, experience and qualificationGenerously defined contribution pension schemeHoliday 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