KNOWLEDGE SHARING & DEVELOPMENT

• Demonstrate expertise in actuarial work and the insurance industry.
• Mentor others, contribute to training, and support continuous learning.
• Evaluate performance and identify development needs.

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.

TOP 3 SKILLS NEEDED FOR THIS ROLE:

• Effective communication with internal teams and external stakeholders, ensuring strong relationship management
• Proficient in analytical and problem-solving skills, adept at identifying and addressing complex issues.
• Extensive experience in life insurance, with a particular focus on reinsurance and pricing strategies

WHAT THIS ROLE IS ALL ABOUT:

As a new generation insurer disrupting the insure-tech market, our Actuaries and Actuarial Students are key analytical experts. They use their mathematical skills to assess risk, set fair premiums, design products, and support financial planning—ensuring Vitality remains both innovative and financially stable.
As an Actuarial Manager within the Life Reinsurance department at Vitality Life, you will play a critical role in the management of reinsurance arrangements, including ensuring the reinsurance arrangements are supporting the strategic business objectives and are implemented and administered effectively.

REINSURANCE RESPONSIBILITIES

• Review and maintain accuracy of retention and reassured premium calculations in line with treaty terms.
• Support the reinsurance data team in applying treaty provisions and updating calculations as needed.
• Provide experience data to reinsurers and respond to queries related to claims, underwriting, and account data.
• Liaise with internal teams (product, pricing, underwriting, claims, etc.) and reinsurers to align on business priorities and share relevant information.
• Assist with treaty and addendum reviews, and assess financial impacts of changes to reinsurance structures or rates.