Team – Enterprise R&D LAB
Working Pattern - Hybrid – 2 days per week in the Vitality London Office. Full time, 37.5 hours per week.
We are happy to discuss flexible working!
Top 3 skills needed for this role:
- Strategic product innovation
- Stakeholder influence and communication
- Cross-functional leadership
What this role is all about:
At Vitality, we're committed to continually evolving our products and propositions to meet the changing needs of our members. This is a rare opportunity to be at the centre of the research, development and innovation agenda for VitalityLife, shaping future product strategy, driving commercial growth and bringing new ideas from concept through to market delivery. As Head R&D Actuary: VitalityLife, you will provide strategic leadership across product development, pricing, implementation and innovation, while acting as a trusted adviser to senior stakeholders across the business.
Key Actions
- Define and deliver the long-term VitalityLife R&D strategy, aligning innovation, growth ambitions and member needs with the wider business strategy
- Become central in the identification, assessment and development of new product opportunities that strengthen VitalityLife's market position and commercial performance
- Shape the future direction of the product portfolio by translating market insights, customer trends and emerging risks into innovative actuarial solutions
- Own the end-to-end development of new propositions, from initial concept and business case through to approval, implementation and launch
- Shape complex actuarial modelling and scenario analysis to assess product viability, profitability, customer value and strategic impact
- Act as the senior actuarial adviser to Executive leadership, providing clear recommendations on product strategy, pricing and investment choices
- Influence and Partner with senior stakeholders across Product, Distribution, Finance, Operations, Digital and Technology to drive successful business outcomes
- Sponsor and be central to cross-functional programmes that deliver large-scale product enhancements and proposition innovation
- Monitor market developments, competitor activity and regulatory change to identify opportunities for competitive advantage and sustainable growth
- Build and develop a high-performing actuarial and product innovation capability, fostering a culture of curiosity, collaboration and continuous improvement
What do you need to thrive?
- Postgraduate degree in a quantitative subject and/or Qualified Actuary (FIA/FFA)
- Significant experience operating in a senior leadership capacity
- Experience developing and launching complex financial or insurance products
- Strong commercial acumen and strategic thinking capability
- Advanced Excel and data analysis skills
- Exceptional presentation and communication skills
- Ability to influence and question senior stakeholders effectively
- Experience of conducting cross-functional teams and complex business initiatives
- Strong analytical and problem-solving capability
- Experience working with life protection products
- Desirable experience using R, Python or SQL
- Experience within management consulting, strategy or technology-led environments
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.