Actuarial Team Lead, Corporate Actuarial

About the role

Aviva Canada is seeking an experienced Actuarial Team Lead to join its Corporate Actuarial Department. Within the Actuarial Function, you will support the Chief Actuary's responsibilities under the Solvency UK framework, including contributing to the supervision of the Internal Model and helping develop opinions shared with the Board on underwriting and the Business Plan. The role works closely with actuarial, risk, finance and pricing teams across locations.

Key responsibilities

• Support the assessment of methods and assumptions in risk calibrations and Solvency UK capital requirement calculations, collaborating with the Economic Capital team and Aviva Group teams
• Review, question and validate proposed changes to Solvency UK Economic Capital methods, models, processes, calibrations and capital result production
• Ensure governance requirements are met by assessing the sufficiency and quality of data used in risk calibrations and capital calculations
• Work with the Economic Capital team to identify, evaluate and address model weaknesses and limitations, and manage the weaknesses and limitations log and supporting evidence inventory
• Support the Chief Actuary in forming opinions on the Solvency UK Capital Requirement, Business Plan and Underwriting, working with Pricing, Reserving, Reinsurance, Risk and Finance teams
• Conduct reviews and analyses on topics such as the effectiveness of Aviva's ON RSP use, exposure management practices and pricing strategies for new products
• Support the Model Risk Management and Model Risk Independent Validation Business Standards by reviewing material models and creating compliant documentation
• Perform Internal Model Independent Validation of the Internal Model if needed and appropriate

Required profile

• 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 in property and casualty insurance or financial services, in reserving, capital modeling, Solvency II/Solvency UK or pricing
• Familiarity with regulatory requirements and governance frameworks
• Strong analytical and problem-solving abilities, and excellent communication and stakeholder engagement skills
• Able to work both collaboratively and independently with minimal supervision

Required skills

• Knowledge of IFRS 17 and Solvency II/Solvency UK is an asset
• Nice to have: familiarity with R, Python and VBA

What we offer

• Salary band of $105,000 to $134,000, depending on knowledge, skills, experience and internal equity
• Rewards package including annual bonus eligibility, retirement savings, share plan, health benefits, personal wellness and volunteer opportunities
• Hybrid flexible work model
• Career development support and competitive vacation package with 5 extra days off per year
• Employee discount on home and auto insurance (where applicable)