R&D Actuary

Vitality; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Bonus scheme

Pension up to 12%

Vitality health insurance

Life Assurance

Job summary

Vitality, based in London, is seeking an R&D Actuary to join Enterprise R&D, supporting development of innovative insurance products across VitalityLife and VitalityHealth. This role leads product research, design and pricing across lifecycle from concept to implementation.

The successful candidate will work with senior stakeholders and cross-functional teams to deliver commercially viable propositions that meet member outcomes and business strategy. Hybrid working with 2 days in London office.

Qualifications

• Qualified Actuary with product development or pricing experience.
• Experience translating actuarial analysis into business actions.
• Strong stakeholder management and communication.
• Advanced actuarial modelling skills and data interpretation.
• Experience with Prophet and Excel.
• Experience working with cross-functional teams.

Responsibilities

• Lead development and execution of innovative product propositions.
• Own actuarial design and pricing of new product structures.
• Develop business cases and present to executives.
• Partner with Technology, Change, Digital and Operations teams.
• Establish product performance frameworks with data-driven insights.

Skills

Product development

Actuarial analysis translation

Stakeholder management

Tools

Prophet

Excel

SQL

R

Python

Job description

Team - Enterprise R&D Lab

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:

• Proven product development experience
• Expertise in translating actuarial analysis into impactful business actions and outcomes
• Strong stakeholder management, communication and influencing skills

What this role is all about:

We're looking for an R&D Actuary to join our Enterprise R&D team, supporting the development of innovative insurance products across VitalityLife and VitalityHealth. This role will help develop and execute the R&D strategy while leading product research, design and pricing activities, working across the full product lifecycle from concept through to implementation and ongoing optimisation. The position partners closely with senior stakeholders and cross-functional teams to deliver commercially viable propositions that support business strategy and member outcomes.

Key Actions

• Lead the development and execution of innovative product propositions, translating strategic objectives into commercially viable insurance solutions
• Own the actuarial design and pricing of new product structures, balancing customer value, commercial performance and risk considerations
• Provide thought leadership on emerging market trends, customer needs and industry developments to identify future product opportunities
• Develop compelling business cases and present complex actuarial concepts to executive audiences, influencing key strategic decisions and investment priorities
• Act as a senior subject matter expert throughout product implementation, partnering with Technology, Change, Digital and Operations teams to ensure delivery aligns with original product intent
• Take ownership of end-to-end product specifications, ensuring robust governance, clear requirements and successful operational execution
• Establish and oversee product performance frameworks, using data-driven insights to evaluate outcomes and recommend enhancements or corrective action
• Drive continuous innovation across Life and Health propositions, identifying opportunities to improve competitiveness, customer engagement and business value
• Provide technical leadership and mentorship within the R&D function, raising capability and supporting the development of actuarial best practice
• Lead or contribute to high-profile strategic projects, acting as a trusted partner and escalation point for senior stakeholders across the business

What do you need to thrive?

• Qualified Actuary with a strong track record in product development, pricing or proposition design
• Experience developing and implementing complex insurance products within a Life, Health or related financial services environment
• Strong commercial acumen with the ability to balance customer outcomes, risk and business performance
• Advanced actuarial modelling and analytical skills, with confidence interpreting data and translating insights into strategic recommendations
• Excellent stakeholder management skills, with experience influencing senior leaders and presenting to executive audiences
• Ability to lead and contribute to cross-functional projects involving Technology, Change, Digital and Operations teams
• Experience defining business requirements and translating product concepts into successful operational delivery
• Strong communication and presentation skills, able to explain complex technical concepts to non-technical audiences
• Knowledge of actuarial modelling tools such as Prophet and proficiency in Excel
• Experience using analytical and data tools such as SQL, R or Python 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 in your application and join us at Vitality, this is our promise to you, w

e 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.