About The Role Team Actuarial - Life Working Pattern - Hybrid 2days 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, whats 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 successfulin your application and join us at Vitality, this is our promise to you, w e will: Help you to be the healthiest youve 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 The Company 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. Weve 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. Were 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 were the right fit for you? We cant wait. Diversity & Inclusion At Vitality, were committed to diversity and inclusion because its good for our employees, for our business, and for society. We welcome applications from individuals of all backgrounds, experiences, and perspectives. Vitalitys 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. TPBN1_UKTJ
Job Title
Senior Actuarial Manager - Life Experience & Assumptions