About The Role

Team – Actuarial - Life

Working Pattern - Hybrid – 2 days per week in the Vitality London Office. Full time, 37.5 hours per week.

What this role is all about:

As a Senior Actuarial Manager within the Life Actuarial department at Vitality Life, you play a senior specialist and leadership role, responsible for analysing actuarial experience and setting actuarial valuation assumptions. This role is critical in ensuring the accuracy and reliability of our financial models and projections, as well as providing key insights for strategic decision-making.

Key Actions

Manage the process for setting and updating actuarial assumptions based on experience studies, industry trends, and regulatory requirements to ensure accurate and reliable valuations.
Manage and direct the detailed analysis of historical data to monitor and evaluate the experience in areas such as claims, lapses and member engagement in the Vitality program.
Manage the development and maintenance of actuarial models used for experience monitoring and assumption setting, ensuring they are robust, accurate, and up-to-date.
Identify and assess risks related to actuarial assumptions and experience and develop strategies to mitigate these risks.
Stay updated with industry trends and advancements in actuarial experience monitoring and assumptions setting (e.g. CMI model developments).
Prepare comprehensive reports and documentation to support the assumptions used in valuations, ensuring transparency and auditability.
Clearly communicate findings and provide actuarial insights for decision-making.
Provide training and mentoring to junior actuarial staff, fostering a collaborative and supportive team environment.
Ensure that all actuarial practices and assumptions comply with regulatory requirements and professional standards.
Engage with external and internal auditors on the valuation basis.

What do you need to thrive?

Fellow of the Institute and Faculty of Actuaries or equivalent, or has significant skills obtained through many years of specialist knowledge.

Experience of working within financial services, particularly in health or life insurance
Knowledge of SQL, writing and editing complex queries to extract and process data, e.g., using SQL Server Management Studio
Knowledge of Python and associated data processing libraries.
Knowledge of more advanced visualisation/dashboarding tools such as Power BI

So, what’s in it for you?

Bonus Schemes – A bonus that regularly rewards you for your performance
A pension of up to 12%– We will match your contributions up to 6% of your salary
Our award-winning Vitality health insurance – With its own set of rewards and benefits
Life Assurance – Four times annual salary

These are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!

If you are successful in your application and join us at Vitality, this is our promise to you, we will:

Help you to be the healthiest you’ve ever been.
Create an environment that embraces you as you are and enables you to be your best self.
Give you flexibility on how, where and when you work.
Help you advance your career by playing you to your strengths.
Give you a voice to help our business grow and make Vitality a great place to be.
Give you the space to try, fail and learn.
Provide a healthy balance of challenge and support.
Recognise and reward you with a competitive salary and amazing benefits.
Be there for you when you need us.
Provide opportunities for you to be a force for good in society.

We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.

About Us

We're really excited to announce that we have recently been awarded "Top 10 Best Places To Work" in The Sunday Times Awards 2024!

Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.

We’ve been a purpose and values-driven business from day 1- long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives – they benefit, our business benefits, and society benefits. We’re successful because we attract, develop, and retain the best people – and because we care.

Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.

Ready to find out if we’re the right fit for you? We can’t wait.

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Diversity & Inclusion

At Vitality, we’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. We welcome applications from individuals of all backgrounds, experiences, and perspectives.

Vitality’s approach to sustainability

Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page. #LI-Hybrid

If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early. If you are interested, please submit your application as soon as possible.

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