Actuarial Technician Apprentice Scheme

Job description

Are you a strategic thinker that loves to solve problems? Do you have a passion for maths? Do you want to work for the UK’s largest insurer, and earn qualifications along the way?

If so, why not follow in the footsteps of our previous school leavers and your hard work could see you develop into a well-rounded Actuary and be well on your way to becoming an Aviva “Leader of the Future”.

So, what do actuaries do at Aviva?

Actuaries are problem solvers and strategic thinkers with a deep understanding of financial systems. They share a love of maths and use their skills to help measure the probability and risk of future events. Actuaries at Aviva provide reporting, pricing and valuation expertise; they also add commercial value.

About the Actuarial Technician Apprenticeship

We are UK’s largest insurer, a FTSE 100 company and a market leader globally, so we are able to leverage all the fantastic expertise we have in house as well as partnering with training providers to help us develop well rounded Actuaries with insurance orientated actuarial, financial and commercial knowledge.

How long is the scheme ?

You will study for the Level 4 Apprenticeship initially, we will then support you to complete the remaining modules of the CAA qualification, which we’ll aim to get you through in 3 years or less. You will then be supported to achieve the class of Associate with the Institute and Faculty of Actuaries (IFoA) by completing your Level 7 Apprenticeship (equivalent to a Masters degree).

How is this achieved?

It is achieved through a blend of work experience, professional development and professional examinations. You will be assigned to an actuarial team who cover a variety of actuarial work including Actuarial and Financial Reporting, Capital Management, Underwriting, Protection Pricing, Risk Management and Reserving.

Entry criteria

·  A minimum of an A grade at A Level Maths
·  A minimum of 136 UCAS points (340 in old tariff) from 3 A Levels, not including General Studies

Why Aviva’s scheme?

We provide full support to give our Apprentices the best chance of passing their exams first time. We do this by:

·  Partnering with an internationally recognised training provider
·  Providing a generous amount of off-the-job training (study leave)
·  Refunding travel, accommodation and subsistence costs if attending face to face tutorials
·  Funding students’ membership of the IFoA
·  Funding examination fees

We also provide our Apprentices with one-to-one support to ensure they can balance the demands of a full-time role while studying towards their professional exams. We give you access to a line manager, a buddy AND a qualified mentor. You also have a supportive team around you and business-wide networking opportunities to help you succeed.

What other benefits are there? There are a number of other benefits on offer for successful applicants to our scheme:

·  Starting annual salary of £20,250
·  Salary increase for each examination passed
·  Annual performance-related bonus
·  Contributory pension scheme
·  Generous 25 days holiday, plus bank-holidays
·  Discounts on all Aviva products
·  Share Save scheme

Where are the roles located?

The roles are located in Norwich.

The Recruitment Process

We live Aviva's values, with a culture of continually challenging and improving what we do and how we do it. We invest in our people, expect a curiosity and courageous mindset. We search for dynamic individuals who have the makings of an outstanding leader and communicator. We will assess your problem-solving and communication skills, as well as understanding how connected and aligned to our values you are throughout the process.

The process itself is:

·  Make an online application – this will include answering a short questionnaire about your motivations and attaching your CV
·  If you pass the initial screen you will be sent some numerical and verbal reasoning tests Pass those and you’ll have a telephone interview
·  And if you do well in both, there’s an assessment day

Assessment centres will take place in early 2020 and successful candidates will join us Summer 2020.

Additional Information and Equal Opportunity

One of Aviva’s core values is Care More, and this is brought to life through the flexible ways we love to work. This may include working from home some of the time, or flexible work schedules to accommodate parent and carer responsibilities, further studies and hobbies.

Our diversity and inclusion policies and initiatives are crafting an environment where everyone feels welcome regardless of age, disability, race, ethnicity, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or those with other caring responsibilities. Our approach helps to ensure Aviva as a place which values difference and provides equal opportunities for all.

As a disability confident employer, we guarantee to interview anyone with a disability (as defined in The Equality Act 2010) whose application meets the minimum criteria for the post. (By ‘minimum criteria’ we mean that you should provide us with evidence which demonstrates that you generally meet the level of competence required, as well as meeting any of the qualifications, skills or experience defined as essential). Please apply through the website and then email the contact listed in the advert to notify us that you meet the conditions for the guaranteed interview scheme.

We prefer all applications to be submitted online, however if you require an alternative method of applying please contact Daniela Krol in the Resourcing team on 0121 234 7660 or daniela.krol@aviva.com.