At a Glance
- Tasks: Lead financial reporting and valuation analysis in a dynamic life insurance environment.
- Company: Join Vitality, a forward-thinking company prioritising health and well-being.
- Benefits: Enjoy competitive salary, bonus schemes, health insurance, and a generous pension plan.
- Other info: Collaborative culture with opportunities for personal and professional growth.
- Why this job: Make a real impact with your actuarial expertise while enjoying flexible working options.
- Qualifications: Qualified actuary with strong IFRS17 and life valuation experience.
The predicted salary is between 58500 - 71500 £ per year.
hackajob is partnering directly with Vitality to hire for this role.
Team - Actuarial Life
Working Pattern - Hybrid - 2 days per week in the Vitality London Office. Full time hours per week. We are happy to discuss flexible working!
Top 3 skills needed for this role:
- Experienced IFRS17 & Life Valuation Reporting
- Advanced Life Insurance Actuarial Experience (EV/VIF/Reserving)
- Strong Prophet Modelling Expertise
What this role is all about:
We are looking for an Actuarial Manager to join the Life Valuations team, playing a key role in delivering high-quality financial reporting, valuation analysis and business insight. Working within Vitality Life's actuarial function, this position will be responsible for supporting critical reporting activities across IFRS and Embedded Value frameworks, providing robust analysis that helps shape business performance and strategic decision-making. The role offers the opportunity to apply advanced actuarial expertise, contribute to the development of valuation models and collaborate closely with stakeholders across the business within a growing and innovative life insurance environment.
Key Actions:
- Lead the quarterly calculation and reconciliation of IFRS reserves, ensuring accurate and timely financial reporting across the business
- Deliver Embedded Value reporting activities including the calculation of VIF and VNB to support financial performance assessment
- Analyse movements in IFRS reserves and Embedded Value results, identifying key drivers and providing meaningful business insight
- Perform IFRS and EV sensitivity testing to assess financial impacts and support informed decision making
- Provide detailed P&L and balance sheet analysis, forecasting outcomes and highlighting trends affecting business performance
- Produce margin build-up analysis and contribute actuarial expertise to the development of five-year budget projections
- Prepare comprehensive reporting for Actuarial Committee meetings and present findings to support governance and oversight requirements
- Build effective working relationships with auditors, providing robust analysis, explanations and supporting documentation throughout the audit process
- Support the development, enhancement and maintenance of Prophet valuation models to ensure accurate and reliable reporting outputs
- Collaborate with stakeholders across the business, translating complex actuarial information into clear and actionable recommendations
What do you need to thrive?
- Qualified Fellow or nearly qualified member of the Institute and Faculty of Actuaries or equivalent
- Strong experience delivering actuarial valuation and financial reporting within a life insurance environment
- Proven experience of IFRS reporting with strong knowledge of IFRS17 requirements
- Advanced actuarial modelling capability including model development validation and assumption setting
- Experience analysing financial results and communicating complex technical findings to stakeholders
- Ability to work independently whilst managing multiple reporting deadlines and priorities
- Strong stakeholder management skills with experience supporting governance committees and audit requirements
- High levels of analytical thinking judgement and problem-solving within complex business environments
- Experience using Prophet and knowledge of SQL R Power BI or Embedded Value reporting would be advantageous
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:
- 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.
Actuarial Manager - Life Valuations Reporting employer: Hackajob Ltd
Hackajob Ltd is an exceptional employer located in the vibrant town of Wallingford, offering a dynamic work culture that fosters collaboration and innovation. Employees benefit from comprehensive training and growth opportunities within the logistics sector, while also enjoying a supportive environment that values their contributions to optimising robotic deployments. With a focus on employee well-being and a commitment to maintaining a balanced work-life dynamic, Hackajob Ltd stands out as a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Manager - Life Valuations Reporting
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Hackajob Ltd). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Hackajob Ltd. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Manager - Life Valuations Reporting
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hackajob Ltd.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hackajob Ltd. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Hackajob Ltd
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hackajob Ltd to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Hackajob Ltd, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Hackajob Ltd's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
