Senior Actuarial Manager - Life Experience & Assumptions

at  Vitality

KEY ACTIONS

• Manage the process for setting and updating actuarial assumptions based on experience studies, industry trends, and regulatory requirements to ensure accurate and reliable valuations.
• Manage and direct the detailed analysis of historical data to monitor and evaluate the experience in areas such as claims, lapses and member engagement in the Vitality program.
• Manage the development and maintenance of actuarial models used for experience monitoring and assumption setting, 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.
• Stay updated with industry trends and advancements in actuarial experience monitoring and assumptions setting (e.g. CMI model developments).
• Prepare comprehensive reports and documentation to support the assumptions used in valuations, ensuring transparency and auditability.
• Clearly communicate findings and provide actuarial insights for decision-making.
• Provide training and mentoring to junior actuarial staff, fostering a collaborative and supportive team environment.
• Ensure that all actuarial practices and assumptions comply with regulatory requirements and professional standards.
• Engage with external and internal auditors on the valuation basis.

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 a Senior Actuarial Manager within the Life Actuarial department at Vitality Life, you play a senior specialist and leadership role, 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.