Senior Actuarial Manager, Health Pricing & Modelling Lead

Vitality; Poole; Hybrid; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Bonus schemes

Pension up to 12%

Vitality health insurance

Life Assurance

Flexible working

Job summary

Vitality is seeking a Senior Actuarial Manager to shape health pricing strategy and strengthen technical pricing capability. You will develop risk, demand, elasticity and pricing models, advance price optimisation and drive pricing innovation to support sustainable growth and margin.

The role is hands-on and senior, leading specialist actuarial talent and presenting findings to senior stakeholders. Hybrid working with two days per week in the London or Bournemouth offices is offered.

Qualifications

• Qualified actuary with FIA or an equivalent qualification, or an equivalent professional background with substantial pricing experience
• Significant experience delivering insurance pricing work, ideally within health or personal lines general insurance
• Strong hands-on experience building risk and demand models using GLMs and machine learning techniques such as GBMs
• Deep understanding of price optimisation and how risk and demand models combine to inform pricing decisions
• A strong track record of delivering modelling innovation with measurable commercial impact

Responsibilities

• Lead the development of risk models for individual and SME health insurance products using machine learning techniques alongside GLMs
• Build complex demand, price elasticity and technical rate models, taking ownership of the methodology from data and feature design through to validation and sign-off
• Develop and scale Vitality's price optimisation capability by creating the frameworks, tools and processes required for live pricing decisions
• Design and analyse price tests and controlled experiments to generate robust evidence and improve pricing performance
• Set the roadmap for demand modelling and price testing, prioritising activity according to commercial value and strategic impact
• Deliver modelling innovations that produce measurable improvements across growth, retention, margin and other key commercial outcomes
• Apply expert judgement to challenge assumptions, assess uncertainty and recommend technically robust pricing solutions
• Present complex technical work, risks and opportunities clearly to senior stakeholders and governance forums
• Lead projects across technical, commercial and operational teams, influencing decisions and securing support for new approaches
• Lead and develop a small specialist team, setting high technical standards and building capability through coaching and knowledge sharing

Skills

Insurance pricing

Predictive modelling

Stakeholder influence

Education

FIA or equivalent

Tools

SQL

Python

Power BI

Job description

Vitality is seeking a Senior Actuarial Manager to shape health pricing strategy and strengthen technical pricing capability. You will develop risk, demand, elasticity and pricing models, advance price optimisation and drive pricing innovation to support sustainable growth and margin.

The role is hands-on and senior, leading specialist actuarial talent and presenting findings to senior stakeholders. Hybrid working with two days per week in the London or Bournemouth offices is offered.