Offers “Aviva”

Expires soon Aviva

General Insurance Modeller

  • Internship
  • Norwich (Norfolk)
  • IT development

Job description



We are currently seeking a qualified/part qualified Actuary with knowledge of, or interest in modelling approaches in General Insurance (GI) capital and/or reserving processes to join us as a General Insurance Modeller. This opportunity could be suitable for you if you are seeking a position to broaden your knowledge/experience and understand how a larger company like Aviva operates.

 

The GI Modelling Team exists to support, maintain, and develop the GI modelling applications used across the global GI business units. The historical focus has been the GI specific components of the Internal Model, but it is anticipated that we will perform the same role for the new reserving models, and we work closely with our sister teams in life and corporate to support the wider internal model, SCR calculations and reporting, and forecasting and projection models. 

 

You will work very closely with the Methodology Lead in their responsibilities to evidence whether the methodology is appropriate. This includes developing new and improved methodology, reflecting changing business priorities and requirements, support the model users in understanding how to use the model and support the model users in understanding how the model has produced specific results.

 

Responsibilities in the role:

· 
Methodology maintenance –methodology governance, regular reviews and reaffirming the appropriateness of the methodology, including refreshing and building on numerical analysis and testing of the justification of the approaches adopted in the modelling

· 
Methodology development (short term) – supporting the implementation team by providing detailed examples and companion models of how new methodology should work in practice and results which should be obtained for specified inputs, building into the existing approach. Plus providing behavioural testing of the appropriateness of the solution once built

· 
Methodology development (long term) – working with the methodology lead, helping to shape potential changes in the modelling approach, solving business problems which exist with the models. This work is variable, based on the business problems, but has in recent periods included modelling reinsurance products outside of the capabilities of the production model, considering fundamental changes in the calibration methodologies and processes, redeveloping the approach to modelling annuities, and redeveloping the approach to modelling the asset-liability matching

· 
Business unit liaison and support – working with the business units when they are unable to get or understand results from the model, including detailed analysis of the internal calculations, to resolve the issue either through explaining how to produce the results, what the results indicate, or clarifying any weaknesses or limitations, and any appropriate workarounds. Additionally, working with the business units to understand any limitations of the model or cumbersome processes to drive future improvements, and provide training on best practice modelling

 

Skills and experience we’re looking for:

· 
General Insurance experience

· 
Actuarial skillset

· 
Willingness to work with and improve models

· 
Willingness to seek to understand models and their implications

However, we wish to clarify that, whilst significant experience is not required, the willingness and ability to learn is essential.

 

What will you get for this role?

· 
Salary between £35,000 - £45,000 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, 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 lacey.lane-mckoy@aviva.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.

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