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Head of BPA & Reinsurance Operations - Aviva(1 Post)
Aviva UK are now hiring a Head of Bulk Purchase Annuities (BPA) and Reinsurance Operations in our Defined Benefit Solutions (DBS) team. This key, senior position will lead the in-house BPA Administration and BPA Reinsurance Administration teams. They will lead the on-boarding and administration of our growing book and help develop and embed new processes and controls to deliver this in an efficient, risk-controlled manner.
The role will also entail leading the Reinsurance Administration team in the on-boarding and on-going administration of our reinsurance arrangements, developing a Centre of Excellence for reinsurance administration within Aviva.
Here at Aviva, DBS plays a key role in providing DB pension schemes with de-risking solutions to meet the needs of pension scheme sponsors, trustees and members. Our team is responsible for servicing all demands associated with these long-term insurance contracts.
We feel this multifaceted and technical role represents an exciting opportunity to influence the strategic direction of a business Aviva is passionate about, with a prospect to make bold new moves backed by the support and resources of the UK's largest insurer.
Aviva introduced "smart-working" in 2020, and the person in this role can be based anywhere in the UK, as long as they are comfortable regularly travelling to our London and Norwich headquarters.
The role's duties & responsibilities:
People leadership (a team of c. 75 with c. 8-10 direct reports) and budget ownership
Supervising all aspects of Reinsurance Operations and BPA Operations
Determining and delivering against proposition enhancement and change/transformation budgets
Leading on transformation and change activity for Operations, including new administration platforms and modelling solutions
Interactions with a number of external business partners including corporate clients, Employer Benefits Consultants, and other key third parties
Skills & experiences required:
Proven track record of leadership skills and delivery in a senior BPA operations environment
Background of professional judgement required to deliver ongoing development and enhancement of operations systems and processes
Experience with development and implementation of new operational reinsurance methodologies
Detailed knowledge and understanding of DB pensions and actuarial calculations, reinsurance administration requirements & processes, DB de-risking and reinsurance markets
Experience with transformation/change leadership in large organisations
Good knowledge of the FCA/PRA and other relevant regulation and legislation
What will you get for this role?
A competitive salary depending on location, skills, experience and qualifications
Generous defined contribution pension scheme
Annual performance related bonus and pay review
Holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days
Up to 40% discount for some Aviva products through "My Aviva Extras" plus discounts for Friends and Family (some exclusions apply)
Excellent range of flexible benefits to include a matching share save scheme