Actuarial Manager - Life Experience and Assumptions

at  Vitality

KEY ACTIONS

• Conduct detailed analysis of historical data to monitor and evaluate the experience in areas such as claims, lapses and member engagement in the Vitality program.
• Develop and update actuarial assumptions based on experience studies, industry trends, and regulatory requirements to ensure accurate and reliable valuations.
• Prepare comprehensive reports and documentation to support the assumptions and methodologies used in valuations, ensuring transparency and auditability.
• Clearly communicate findings and assumptions and provide actuarial insights for decision-making.
• Ensure that all actuarial practices and assumptions comply with regulatory requirements and professional standards.
• Engage with external and internal auditors on the valuation basis.
• Develop and maintain actuarial models used for experience monitoring and valuation, ensuring they are robust, accurate, and up-to-date.
• Identify and assess risks related to actuarial assumptions and experience and develop strategies to mitigate these risks.
• Provide training and mentoring to junior actuarial staff, fostering a collaborative and supportive team environment.

ABOUT US

We’re really excited to announce that we have recently been awarded “Top 10 Best Places To Work” in The Sunday Times Awards 2024!
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.
We’ve been a purpose and values-driven business from day 1- long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives – they benefit, our business benefits, and society benefits. We’re successful because we attract, develop, and retain the best people – and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.

ABOUT THE ROLE

Team – Actuarial - Life
Working Pattern - Hybrid – 2 days per week in the Vitality London Office. Full time, 37.5 hours per week.

WHAT THIS ROLE IS ALL ABOUT:

As the Experience and Assumptions Actuarial Manager at Vitality Life, you will be responsible for analysing actuarial experience and setting actuarial valuation assumptions. This role is critical in ensuring the accuracy and reliability of our financial models and projections, as well as providing key insights for strategic decision-making.