Actuarial Manager (Life Reinsurance) (London)

Join to apply for the Actuarial Manager (Life Reinsurance) role at Vitality. Working Pattern - Hybrid - 2 days per week in the Vitality London Office. Full time, 37.5 hours per week. We are happy to discuss flexible working!

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.

Key Actions

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.

Actuarial Control Cycle

• Data Management: Source, define, and analyse data from various sources. Develop and manage complex actuarial processes.
• Modelling: Build and enhance models, define assumptions, assess risks, and maintain clear documentation.
• Reporting: Validate results, monitor outcomes, and provide insights to support business decisions.

Stakeholder Communication

• Collaborate with stakeholders and manage relationships.
• Translate technical content into clear, actionable insights.
• Handle complex queries and support informed decision-making.

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.

Self-Management

• Take ownership of work quality and maintain a proactive, solution-focused mindset.
• Build strong working relationships and review outputs from peers and junior team members.

Team Collaboration

• Communicate roles and responsibilities clearly.
• Share ideas, listen actively, and maintain a positive, open-minded approach.
• Meet deadlines, uphold quality standards, and support team success through constructive feedback and collaboration.

What do you need to thrive?

• Student or associate member of the Institute and Faculty of Actuaries or equivalent.
• Or: Fellow of the Institute and Faculty of Actuaries or equivalent.
• Experience in a relevant life insurance role (pricing, experience analysis or reinsurance).

So, what’s in it for you?

• Bonus Schemes - A bonus that regularly rewards you for your performance.
• A pension of up to 12% - We will match your contributions up to 6% of your salary.
• Our award-winning Vitality health insurance - With its own set of rewards and benefits.
• Life Assurance - Four times annual salary.

These are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!

If you are successful in your application and join us at Vitality, this is our promise to you, we will:

• Help you to be the healthiest you’ve ever been.
• Create an environment that embraces you as you are and enables you to be your best self.
• Give you flexibility on how, where and when you work.
• Help you advance your career by playing you to your strengths.
• Give you a voice to help our business grow and make Vitality a great place to be.
• Give you the space to try, fail and learn.
• Provide a healthy balance of challenge and support.
• Recognise and reward you with a competitive salary and amazing benefits.
• Be there for you when you need us.
• Provide opportunities for you to be a force for good in society.

We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance and Sales