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 an Actuarial Manager in the Life Actuarial department at Vitality Life, you'll specialise in valuations and capital management, gaining hands-on experience and contributing to the company's financial stability and strategic choices.

This candidate would join the generalist layer in our Life Actuarial Team. This would involve working across both Life Valuations (IFRS17) and Capital (Solvency II)

Key Actions

Valuations (IFRS/SII): Performing regular actuarial valuations on both the IFRS17 and Solvency II basis including analysing and explaining movements in the components of these bases to stakeholders in the business.
Financial Reporting: Preparing and presenting financial reports, including embedded value calculations, experience reports and assumption reviews.
Modelling and Projections: Developing and maintaining actuarial models using Excel/R/PowerBI/Prophet.
Stakeholder Communication: Working closely with key stakeholders, including senior management, to communicate findings and provide insights that support decision-making.
Data Analysis and Reporting: Including model point creation to support IFRS17 and Solvency II valuations, and data preparation to support experience analysis and assumption reviews.
Project Management: Leading and overseeing actuarial projects, ensuring they are completed on time and to a high standard.
Transfer of knowledge: This individual would be required to support and manage more junior members of the team.

What do you need to thrive?

Student or associate member of the Institute and Faculty of Actuaries or equivalent
Or: Fellow of the Institute and Faculty of Actuaries or equivalent
Knowledge of more advanced visualisation/dashboarding tools such as Power BI
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

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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