Actuarial Manager (Life Experience and Assumptions)

Vitality; Greater London; Híbrido; GBP 90.000 - 120.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Bonus schemes

Pension matched contributions up to 6%

Vitality health insurance

Life assurance 4x salary

Descripción de la vacante

Vitality is seeking an experienced Actuarial Manager in London to shape experience analysis and actuarial assumptions across mortality, morbidity and persistency. You will lead interpretation of portfolio experience and translate results into robust assumptions informing reserves, capital, profitability and forecasting.

You will partner with Finance, Reinsurance, Pricing and Underwriting to influence decisions, strengthen actuarial insight, and drive governance and data-automation improvements

Formación

• Qualified or nearly qualified member of the Institute and Faculty of Actuaries or equivalent.
• Strong actuarial expertise with judgement to interpret complex experience.
• Strong understanding of actuarial experience analysis, assumption setting and control cycle.
• Ability to work independently on complex actuarial matters and deliver quality work
• Strong actuarial modelling capability to build, challenge and document complex models.
• Ability to translate complex actuarial information into commercially relevant recommendations.

Responsabilidades

• Lead analysis of mortality, morbidity and persistency across the life portfolio and identify material trends.
• Own end-to-end process for setting and reviewing actuarial assumptions with robust analysis.
• Assess impact of assumption changes on reserves, capital, profitability and forecasts.
• Maintain governance around actuarial assumptions with clear documentation and controls.
• Develop and enhance Prophet models; ensure assumptions and outputs are robust and documented.
• Use data and market insight to challenge results and solve complex actuarial problems.
• Partner with Finance, Reinsurance, Pricing and Underwriting for actuarial insight on decisions.
• Present findings to senior stakeholders and governance forums with clear implications.
• Drive improvements in models, reporting, data processes and automation.

Conocimientos

Actuarial analysis

Commercial insight

Stakeholder governance

Educación

IFoA qualified or near-qualified

Herramientas

Prophet

R

SQL

Power BI

Descripción del empleo

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.

We are happy to discuss flexible working!

Top 3 skills needed for this role:

• Proven actuarial experience analysis & assumption setting
• Strong commercial insight
• Experienced stakeholder & governance leadership

What this role is all about

We’re looking for an experienced Actuarial Manager to take a senior role in shaping the experience analysis and actuarial assumptions that underpin Vitality Life’s financial models, projections and key business decisions. With significant ownership across mortality, morbidity and persistency, this role will lead the interpretation of portfolio experience, identify emerging trends and determine how these should translate into robust actuarial assumptions. Working independently across complex actuarial matters, the Actuarial Manager will provide clear technical judgement on the impact of assumption changes across reserves, capital, profitability and forecasting, while partnering with senior stakeholders across Finance, Reinsurance, Pricing and Underwriting to influence decisions and strengthen actuarial insight across the business.

What you will be doing

• Lead the analysis of mortality, morbidity and persistency experience across the life portfolio, identifying material trends and their financial and commercial implications
• Own the end-to-end process for setting, reviewing and maintaining actuarial assumptions, ensuring recommendations are supported by robust analysis and actuarial judgement
• Assess the impact of assumption changes across reserves, capital, profitability and forecasts to support effective financial and business decision-making
• Maintain strong governance around actuarial assumptions, with clear documentation, controls and reporting through relevant governance forums
• Build, develop and enhance complex Prophet models, ensuring assumptions, risks and outputs are robust, clearly justified and appropriately documented
• Use internal and external data and wider market insight to challenge results, solve complex actuarial problems and strengthen the quality of analysis
• Partner with Finance, Reinsurance, Pricing and Underwriting to provide actuarial expertise, challenge and insight on significant business decisions
• Present complex experience and assumption findings to senior stakeholders and governance forums, translating technical analysis into clear implications and recommendations
• Drive improvements across actuarial models, experience reporting, data processes and automation to strengthen efficiency, control and quality
• Provide technical oversight, review and coaching to actuarial colleagues, supporting capability and high standards without formal line management responsibility

What do you need to thrive?

• Qualified or nearly qualified member of the Institute and Faculty of Actuaries, or an equivalent professional body
• Strong actuarial expertise with the judgement to interpret complex experience, identify material issues and recommend appropriate solutions
• Strong understanding of actuarial experience analysis, assumption setting and the actuarial control cycle
• Ability to work independently on complex actuarial matters and take ownership for the quality and delivery of technically demanding work
• Strong actuarial modelling capability with the ability to build, develop, challenge and document complex models
• Ability to translate complex actuarial information into clear, commercially relevant recommendations for senior stakeholders
• Strong stakeholder management skills with the confidence to challenge, influence and build effective relationships across the business
• Experience providing technical guidance, review or coaching to other actuarial professionals
• Experience with IFRS reporting, particularly IFRS 17, would be advantageous
• Experience with Prophet and knowledge of R, SQL or Power BI would be advantageous

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 …

• 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 incredibly proud to be recognised for the culture we've created — recently being named one of Glassdoor’s Best Places to Work 2026, and in 2024 we were delighted to be awarded Top 10 Places to Work in the Sunday Times Awards.

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.

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