Senior Actuarial Manager: Life Experience & Assumptions

Vitality; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Bonus schemes

Pension matched contributions up to 6%

Vitality health insurance

Life assurance 4x salary

Job summary

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

Qualifications

• 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.

Responsibilities

• 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.

Skills

Actuarial analysis

Commercial insight

Stakeholder governance

Education

IFoA qualified or near-qualified

Tools

Prophet

R

SQL

Power BI

Job description

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