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For Companies At a Glance
- Tasks: Lead reinsurance arrangements and collaborate with expert teams to protect our members.
- Company: Join Vitality, a multi-award-winning insurance brand focused on health and happiness.
- Benefits: Enjoy competitive salary, bonus schemes, health insurance, and a generous pension plan.
- Why this job: Make a real impact in a dynamic environment while advancing your actuarial career.
- Qualifications: Newly or nearly qualified Actuary with strong analytical and communication skills.
- Other info: Be part of a diverse team committed to positive change and personal growth.
The predicted salary is between 36000 - 60000 £ per year.
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. We are happy to discuss flexible working!
Top 3 skills needed for this role:
- Reinsurance expertise with strong analytical and actuarial judgement
- Strong communicator who can influence and collaborate across teams and with reinsurers
- High attention to detail with strong technical skills
What this role is all about:
As an Actuary in our VitalityLife reinsurance team, you'll play a key role in shaping how we protect our members and support the long-term health of our business. You'll lead the oversight, review and implementation of our reinsurance arrangements, working side-by-side with expert teams across Vitality to understand needs, spot opportunities and ensure our strategy delivers real impact. You'll collaborate closely with our data colleagues to bring monthly reinsurance accounts to life with accuracy and insight, while building strong relationships with our reinsurers to make sure our arrangements continue to support our growth and purpose.
Key Actions:
- Run reinsurance tenders that bring market insight to the table, securing competitive rates from a range of reinsurers
- Ensure our reinsurance arrangements stay fit for purpose, aligned to core principles and continuously delivering value to the business
- Support tenders by providing reinsurers with the experience data they need to make informed, high-quality decisions
- Respond to reinsurer queries with clarity and pace, covering claims, underwriting and account data to keep everything moving smoothly
- Act as a key link between product, pricing, underwriting, DQM, distribution and claims teams, making sure reinsurers understand our priorities and have the information they need
- Contribute to treaty and addendum reviews to ensure agreements remain robust, up-to-date and commercially sound
- Help assess the financial impact of changes to reinsurance arrangements, rates and structures so leaders can make confident, data-driven decisions
What do you need to thrive?
- Newly or nearly qualified Actuary
- Strong experience in a relevant life insurance role (pricing, experience analysis or reinsurance)
- Technically inclined with attention to detail
- Ability to communicate both verbally and written at all levels
- Strong analytical skills and the ability to interpret a broad range of data and complex financial calculations
- Strong IT skills and comfortable working on multiple software packages (e.g. SQL, R, Python, Power BI, Excel, Word, PowerPoint; Prophet experience will be an advantage)
- Work comfortably within a dynamic and changing environment
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.
About The Company
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.
Diversity & Inclusion
At Vitality, we're committed to diversity and inclusion because it's good for our employees, for our business, and for society. We welcome applications from individuals of all backgrounds, experiences, and perspectives.
Vitality's approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early.
Actuarial Manager (Life Reinsurance) employer: Vitality Corporate Services Limited
Contact Detail:
Vitality Corporate Services Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Manager (Life Reinsurance)
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Vitality on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your reinsurance knowledge and analytical skills. Be ready to discuss how you've tackled complex problems in the past and how you can bring value to the team.
✨Tip Number 3
Show off your communication skills! During interviews, make sure to articulate your thoughts clearly and confidently. Remember, they want someone who can influence and collaborate across teams.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the Vitality family.
We think you need these skills to ace Actuarial Manager (Life Reinsurance)
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your reinsurance expertise and analytical skills. We want to see how your experience aligns with the role, so don’t hold back on showcasing your relevant achievements!
Show Off Your Communication Skills: As a strong communicator, it’s essential to demonstrate this in your written application. Use clear and concise language, and make sure to convey your ability to collaborate across teams. We love seeing candidates who can influence and engage effectively!
Pay Attention to Detail: Double-check your application for any typos or errors. A high attention to detail is crucial for this role, so showing that you can present a polished application will definitely work in your favour. Remember, first impressions count!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the info you need about the role and our amazing benefits there!
How to prepare for a job interview at Vitality Corporate Services Limited
✨Know Your Reinsurance Stuff
Make sure you brush up on your reinsurance expertise before the interview. Understand the latest trends and challenges in the life reinsurance market, as well as how they impact business strategies. This will show that you're not just knowledgeable but also genuinely interested in the role.
✨Communicate Clearly and Confidently
As a strong communicator, you'll need to demonstrate your ability to influence and collaborate. Practice articulating complex actuarial concepts in simple terms. Use examples from your past experiences where you've successfully communicated with teams or reinsurers to highlight your skills.
✨Show Off Your Analytical Skills
Prepare to discuss specific analytical projects you've worked on. Be ready to explain how you approached data interpretation and what insights you derived. Highlight your technical skills with software like SQL or Power BI, as these are crucial for the role.
✨Attention to Detail is Key
In this role, attention to detail is non-negotiable. Bring examples of how your meticulous nature has led to successful outcomes in previous positions. Whether it’s through reviewing contracts or ensuring accuracy in financial calculations, make sure to convey your commitment to precision.
