Sr Analyst/ Team Lead

at  Aviva

Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.
We seek an upbeat and experienced Senior Actuarial Analyst/ Team lead in our Corporate Actuarial Department.
Being part of the Actuarial Function, Corporate Actuarial, you will assist in supporting the Chief Actuary to fulfill the SII regulatory requirements associated with the role, which includes ensuring the Internal Model continues to remain fit for purpose, providing opinion to the Board on Reserves, Underwriting, Reinsurance, the Business Plan in addition to the Solvency II capital requirement. Through its new partnership relationship with the Risk team since 2023, our Actuarial Function collaborates with the Risk team in delivering 2nd line oversight of insurance risks from a quantitative perspective.
As part of these roles, we collaborate globally with Group and AIL Actuarial Functions, the Global Actuarial team, the local Economic Capital team, the Risk team, the Finance team, and the pricing teams. This role provides broad exposure to various partners in our global organization.
Come join our team!

What you’ll do

• Support to ensure the appropriateness of methodologies and assumptions used in risk calibrations and the calculation of the Solvency II capital requirements by working with the AVP, Economic Capital Corporate Actuarial, and Aviva Group to review, challenge and validate proposed changes/no change to Solvency II Economic Capital methodology, modelling and processes, calibrations, and production of the results.
• Ensure governance requirements are met by
• Support in assessing the sufficiency and quality of data used for risk calibrations and calculating the Solvency II capital requirements.
• Working with the Economic Capital team in addressing weaknesses and limitations of the model
• Management of weakness and limitation log and inventory of evidence with support from GI Global Actuarial Solutions
• Support the Chief Actuary in providing an opinion on the Solvency II capital requirement, Reserves, the Plan, Underwriting and Reinsurance by working collaboratively with Pricing, Reserving, Reinsurance and Finance.
• Support Model Risk Management Business Standard and Model Risk Independent Validation Business Standard by supporting reviews as required and producing documents that meet the standards
• Support delivery of risk reviews for priority areas and highlight customer impact where relevant
• Support IMIV of Internal Model if needed and appropriate

What you’ll bring:

• Strong analytic and problem-solving skills with the ability to work through the technical implementation details while appreciating the big picture.
• Excellent interpersonal and communication skills - ability to build and maintain good working collaborations with various departments.
• Strong teammate who is also able to work independently.
• Diploma or degree in actuarial, mathematics, economics, finance or other related field or equivalent experience
• Minimum of 3 to 5 CAS exams
• Minimum 3 years of actuarial technical experience, from fields including but not limited to reserving, capital modelling, Solvency II and/or pricing.
• Minimum 3 years of experience in property/casualty insurance industry.
• Relevant financial services sector experience and experience of working in a regulated environment.

What you’ll get:

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
• Exceptional Career Development opportunities.
• We’ll support your professional development education.
• Competitive vacation package with the option to purchase 5 extra days off per year
• Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion
• Corporate wellness programs to support our employees’ physical and mental health
• Hybrid flexible work model

Additional Information: Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.

• Support to ensure the appropriateness of methodologies and assumptions used in risk calibrations and the calculation of the Solvency II capital requirements by working with the AVP, Economic Capital Corporate Actuarial, and Aviva Group to review, challenge and validate proposed changes/no change to Solvency II Economic Capital methodology, modelling and processes, calibrations, and production of the results.
• Ensure governance requirements are met by
• Support in assessing the sufficiency and quality of data used for risk calibrations and calculating the Solvency II capital requirements.
• Working with the Economic Capital team in addressing weaknesses and limitations of the model
• Management of weakness and limitation log and inventory of evidence with support from GI Global Actuarial Solutions
• Support the Chief Actuary in providing an opinion on the Solvency II capital requirement, Reserves, the Plan, Underwriting and Reinsurance by working collaboratively with Pricing, Reserving, Reinsurance and Finance.
• Support Model Risk Management Business Standard and Model Risk Independent Validation Business Standard by supporting reviews as required and producing documents that meet the standards
• Support delivery of risk reviews for priority areas and highlight customer impact where relevant
• Support IMIV of Internal Model if needed and appropriat