Actuarial Manager (Life Prophet Modelling)

Vitality; Greater London; Hybrid; GBP 85,000 - 120,000; Full time

Benefits offered by this job

Bonus schemes

Pension up to 12% (company match up to

Vitality health insurance

Life Assurance - 4x annual salary

Job summary

Vitality in London is seeking an Actuarial Manager to join the Life Prophet Modelling team, driving development, maintenance and enhancement of the company’s actuarial modelling capability. You will ensure Prophet models are robust, accurate and fit for purpose, supporting financial reporting, valuation, capital and pricing activities.

The role demands expert Prophet modelling knowledge, IFRS17 and Solvency II experience, and strong collaboration with actuarial, finance and technology teams.

Qualifications

• Qualified actuary or senior actuarial student.
• Expert Prophet modelling knowledge.
• In-depth experience of actuarial valuations including IFRS17 and Solvency II.
• Experience developing and enhancing actuarial models to support valuation efficiency and new functionality.

Responsibilities

• Develop, maintain and enhance actuarial models using Prophet Enterprise and Prophet Professional
• Support the end-to-end model development lifecycle including testing, governance, deployment and production releases
• Translate business requirements into technical modelling specifications and solutions
• Enhance models to meet regulatory requirements and evolving business needs
• Identify and implement automation and efficiency improvements to actuarial processes and model performance
• Perform model validation and testing to ensure reliability, accuracy and regulatory compliance
• Maintain robust model governance, documentation and change control standards
• Collaborate with actuarial, finance, technology and wider business teams to integrate modelling solutions
• Provide technical leadership and guidance on model development priorities and best practice
• Support internal and external audit activities relating to actuarial modelling and valuations

Skills

Prophet modelling

Valuation knowledge

Stakeholder collaboration

Education

Qualified Actuary or Senior Actuarial Student

Job description

Team - Actuarial - Life

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 Prophet Modelling Expertise
• Demonstrated Actuarial Valuation Knowledge
• Strong Stakeholder Collaboration Skills

What this role is all about:

We are looking for an Actuarial Manager to join the Life Prophet Modelling team, playing a key role in the development, maintenance and enhancement of Vitality's actuarial modelling capability. This position is responsible for ensuring Prophet models remain robust, accurate and fit for purpose, supporting financial reporting, valuation, capital and pricing activities while contributing to the ongoing evolution of actuarial modelling across the business

Key Actions

• Develop, maintain and enhance actuarial models using Prophet Enterprise and Prophet Professional
• Support the end-to-end model development lifecycle including testing, governance, deployment and production releases
• Translate business requirements into technical modelling specifications and solutions
• Enhance models to meet regulatory requirements and evolving business needs
• Identify and implement automation and efficiency improvements to actuarial processes and model performance
• Perform model validation and testing to ensure reliability, accuracy and regulatory compliance
• Maintain robust model governance, documentation and change control standards
• Collaborate with actuarial, finance, technology and wider business teams to integrate modelling solutions
• Provide technical leadership and guidance on model development priorities and best practice
• Support internal and external audit activities relating to actuarial modelling and valuations

What do you need to thrive?

• Qualified Actuary or Senior Actuarial Student
• Expert knowledge and practical experience of Prophet modelling and development
• In-depth experience of actuarial valuations including IFRS17 and Solvency II
• Experience developing and enhancing actuarial models to support valuation efficiency and new functionality
• Ability to translate complex business requirements into technical model solutions
• Strong understanding of actuarial modelling best practice, governance and controls
• Excellent communication skills with the ability to explain technical concepts to a range of stakeholders
• Experience collaborating effectively across multiple teams and business functions
• Ability to work under pressure within a fast paced and changing environment
• Experience engaging with auditors and external actuarial partners

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.