Actuary, With-Profits Governance

Aviva Direct Ireland Limited; Bristol; On-site; GBP 65,000; Full time

Job summary

A leading insurance firm is seeking an Actuary to join the With-Profits Governance team in Bristol. The ideal candidate will be a qualified actuary with strong analytical skills and a background in life insurance. Responsibilities include reviewing compliance and ensuring fairness in customer payout proposals. This role offers a competitive salary of circa £65,000 plus benefits including a pension scheme, bonus opportunities, and flexible working arrangements.

Benefits

Bonus opportunity – 10% of annual salary

Generous pension scheme

29 days holiday plus bank holidays

Aviva-funded Private Medical Benefit

Up to 40% discount on Aviva products

Free Aviva shares through Matching Share Plan

Flexible benefits including cycle to work

Paid volunteering days

Wellbeing support and tools

Qualifications

• Must be a qualified actuary (FIA/FFA) or nearly/newly qualified.
• Strong analytical and problem-solving skills.
• Experience with PPFM and life insurance products.

Responsibilities

• Review bonus proposals to ensure fairness.
• Check compliance with management agreements and regulations.
• Analyse data for Consumer Duty requirements.

Skills

Analytical problem-solving

Knowledge of financial projections

Understanding of life insurance products

Compliance experience with PPFM

Education

Qualified Actuary (FIA/FFA) or nearly/newly qualified

Job description

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 [e-mail].