Actuary – With-Profits Governance

York or Bristol

Salary: Circa £65,000

This is a great job for someone who is a qualified actuary (FIA/FFA) or nearly/newly qualified with strong life insurance experience. Has working experience of UK with-profit business and its regulatory frameworks. Enjoys challenging assumptions, validating proposals from first principles, and applying an analytical, questioning mindset.

Wants to influence decisions that impact thousands of policyholders and ensure fairness and transparency.

A bit about the job

We’re looking for an Actuary to join our With-Profits Governance team. Our purpose is to make sure with-profits customers are treated fairly and funds are managed responsibly. You’ll work closely with the With-Profits Actuary and become part of a team that’s the go-to expert for with-profits. Together, we review proposals, monitor compliance, and help shape how we communicate with customers. Your work will directly influence how we deliver on our promise of fairness and transparency.

Key accountabilities

Review bonus proposals to make sure pay-outs are fair for all customers.
Check compliance with Principles and Practices of Financial Management (PPFM), Court Scheme and Management Services Agreement.
Help produce run-off plans and assess when sub-funds should close.
Support clear and accurate customer communications about with-profits.
Analyse data to ensure Consumer Duty requirements are met.

Skills and experience we’re looking for:

Qualified Actuary (FIA/FFA) or nearly/newly qualified (we will also consider candidates well through exams or with strong with-profits experience who have paused exams).
Strong analytical and problem-solving skills with ability to challenge and validate assumptions.
PPFM working experience and understanding of life insurance products.
Knowledge of financial projections and run-off planning (preferred).
Aviva-specific with-profits knowledge is not essential—we provide a structured training and learning plan.

What you’ll get for this role:

Our purpose - with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.

Salary Circa £65,000 (depending on location, skills, experience, and qualifications)
Bonus opportunity – 10% 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
Aviva-funded Private Medical Benefit to help you get expert support when you need it
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

Take a look to learn more. Put a salary into this calculator to see what your total Aviva Reward could be.

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 at least 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here

We'd love it if you could submit your application online. If you require an alternative method of applying, please give Jessica Mason a call on 07387 545 666 or send an email to Jessica.Mason@aviva.com.

With-Profits Governance jobs

Actuary, With-Profits Governance