Pricing Actuarial Analyst

TN United Kingdom; London; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a talented Actuarial Analyst to join their dynamic Pricing team in London. This full-time role offers a hybrid working pattern, allowing you to balance your time between the office and home. You'll be at the forefront of driving improvements in pricing strategies within the life insurance market, leveraging your analytical skills and statistical mindset. The company supports your journey towards becoming a qualified Actuary, providing exam support and a wealth of learning opportunities. With a competitive salary, generous pension contributions, and award-winning health insurance, this position promises a fulfilling career path with exciting rewards and benefits.

Benefits

Bonus Schemes

Pension up to 12%

Vitality Health Insurance

Life Assurance

Qualifications

• Undergraduate degree in a numerical or stats based subject required.
• Actuarial Student with interest in continuing actuarial study career.

Responsibilities

• Deliver on the pricing control cycle, identifying opportunities for improvement.
• Optimise and run pricing models and perform assessments of existing pricing strategies.

Skills

Statistical Mind

Actuarial/Data Science Career Development

Communication Skills

Advanced Analytical Skills

Microsoft Excel

Python

R

SQL

Education

Undergraduate Degree in Numerical or Stats Based Subject

Actuarial Student

Tools

Microsoft Excel

Python

R

SQL

Job description

Social network you want to login/join with:

Working Pattern

- Hybrid – 2 days per week in the Vitality London Office.
Full time, hours per week.

Top 3 skills needed for this role:

• A statistical mind
• Seeking to develop a career in Actuarial/Data Science
• Great communication skills

What this role is all about:

This role is for an actuarial analyst in the VitalityLife Pricing team supporting the implementation of our pricing and new business value strategy. You will require an understanding of life insurance actuarial dynamics and the life insurance market in the UK. You will be responsible for driving improvements to our pricing position and strategy, taking ownership of the pricing control cycle from idea, to proposal, evaluation, approval, and delivery.

Team –

Pricing - Life

Working Pattern

- Hybrid – 2 days per week in the Vitality London Office.
Full time, hours per week.

Top 3 skills needed for this role:

• A statistical mind
• Seeking to develop a career in Actuarial/Data Science
• Great communication skills

What this role is all about:

This role is for an actuarial analyst in the VitalityLife Pricing team supporting the implementation of our pricing and new business value strategy. You will require an understanding of life insurance actuarial dynamics and the life insurance market in the UK. You will be responsible for driving improvements to our pricing position and strategy, taking ownership of the pricing control cycle from idea, to proposal, evaluation, approval, and delivery.

Key Actions

1. Deliver on the pricing control cycle: identifying opportunities for improvement in pricing position, crafting effective improvement strategies. You will deliver these through our pricing system and observe the results.
2. Deliver and improve on end-to-end reprice processes for existing business products. This includes all actuarial, analytical, and modelling aspects of the process.
3. Optimise and run pricing models and perform assessments of existing pricing strategies.
4. Assess the viability of commercial deals and submit proposals to senior management.
5. Assist in the data analysis required for re-pricing and sales monitoring.
6. Prepare and present reports for relevant Committees and forums.

The candidate would be supported in, and is expected to be working towards qualifying as an Actuary on the company study scheme.

Essential Skills needed to fulfil this role:

• Undergraduate degree in a numerical or stats based subject
• Actuarial Student (progress through Core exams) with interest in continuing actuarial study career (exam support provided).
• Experience making use of advanced analytical skills in Microsoft Excel, Python / R, and relational database languages such as SQL.
• Experience of translating complex business or real-world problems into analytical solutions, communicating proposals and delivering on actions.

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 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.