We seek an upbeat and experienced Actuarial Team Lead to join our Corporate Actuarial Department.

Within the Actuarial Function of Corporate Actuarial, you will take on a meaningful role supporting the Chief Actuary's responsibilities under the Solvency UK framework. Your tasks include contributing to the supervision of the Internal Model and helping develop opinions shared with the Board on underwriting and the Business Plan. By working directly with actuarial, risk, finance, and pricing teams across locations, you will gain important insight into diverse business operations. This position involves frequent engagement with senior collaborators and presents an outstanding opportunity to deepen your understanding of the organization’s risk and capital management approach.

Come join our team!

• Support the ongoing assessment of methods and assumptions applied in risk calibrations and Solvency UK capital requirement calculations. Collaborate closely with the Economic Capital team and Aviva Group teams. This involves reviewing, questioning, and validating prorposed changesand confirming that current approaches remain suitable. These relate to Solvency UK Economic Capital methods, models, processes, calibrations, and capital result production.
• Ensure governance requirements are met by:
  • Supporting the assessment of the sufficiency and quality of data used in risk calibrations and the calculation of Solvency UK capital requirements.
  • Working closely with the Economic Capital team to identify, evaluate, and address model weaknesses and limitations.
  • Managing the weaknesses and limitations log, as well as the inventory of supporting evidence, with support from GI Global Actuarial Solutions.

• Provide support to the Chief Actuary in forming opinions about the Solvency UK Capital Requirement, Business Plan, and Underwriting through collaboration with Pricing, Reserving, Reinsurance, Risk, and Finance teams. Conduct reviews and analyses to reinforce these views on topics such as the effectiveness of Aviva’s ON RSP use, exposure management practices, and pricing strategies for new product launches.
• Support the Model Risk Management Business Standard and Model Risk Independent Validation Business Standard by reviewing material models as needed. Create documentation that follows the required standards and governance.
• Perform Internal Model Independent Validation of Internal Model if needed and appropriate.

• Diploma or degree in Actuarial Science, Data Analytics, Mathematics, Economics, Finance, or a related field, or an equivalent combination of education and experience.
• Minimum 3 to 5 CAS exams or equivalent.
• 3+ years of actuarial experience within the property and casualty insurance industry or financial services sector, in one or more of the following areas: reserving, capital modeling, Solvency II/Solvency UK, or pricing. Knowledge of IFRS 17 and Solvency II/Solvency UK is an asset.
• Familiarity with regulatory requirements and governance frameworks.
• Strong analytical and problem-solving abilities, capable of evaluating technical details while grasping wider business impacts.
• Excellent communication and relationship-building skills, with the ability to work effectively across departments and engage stakeholders at various levels.
• Able to work both collaboratively within a team and independently with minimal supervision.

• Familiarity with R, Python, and VBA.

• The salary band for this position ranges from $105,00 to $134,000. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity.
• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities. 
• Hybrid flexible work model.
• Outstanding 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.  
• Employee discount on home and auto insurance (where applicable).

This job advertisement is for an existing vacancy which has been posted both internally & externally.

Aviva Canada may use AI (Artificial Intelligence) tools to assist us throughout the recruitment process to screen, assess or select applicants for a position.

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