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- 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: Flexible working options and a commitment to diversity and inclusion.
The predicted salary is between 36000 - 60000 £ per year.
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) in City of London 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) in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial and reinsurance space. Attend industry events or webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research the company and its culture, especially how they approach reinsurance. Be ready to discuss your analytical skills and how you can influence teams. Practise common interview questions and have your own questions ready to show your interest.
✨Tip Number 3
Showcase your technical skills! If you’ve got experience with SQL, R, or Power BI, make sure to highlight that in conversations. Bring examples of how you’ve used these tools to solve problems or improve processes in past roles.
✨Tip Number 4
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 our team at Vitality. Don’t forget to follow up after applying to express your enthusiasm!
We think you need these skills to ace Actuarial Manager (Life Reinsurance) in City of London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Actuarial Manager role. Highlight your reinsurance expertise and analytical skills, as these are key for us. Show how your experience aligns with what we’re looking for!
Show Off Your Communication Skills: Since strong communication is a must-have for this role, don’t shy away from showcasing your ability to influence and collaborate. Use clear and concise language in your application to demonstrate your written communication prowess.
Attention to Detail is Key: We love candidates who pay attention to detail! Double-check your application for any typos or errors. A polished application reflects your technical skills and shows us you care about quality.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the info you need about our amazing benefits there!
How to prepare for a job interview at Vitality Corporate Services Limited
✨Know Your Numbers
As an Actuarial Manager, you'll need to demonstrate your strong analytical skills. Brush up on key metrics and data analysis techniques relevant to life reinsurance. Be prepared to discuss how you've used data to influence decisions in past roles.
✨Communicate Clearly
Strong communication is essential for this role. Practice articulating complex actuarial concepts in simple terms. Think about examples where you've successfully collaborated with teams or influenced stakeholders, and be ready to share those stories.
✨Showcase Your Technical Skills
Familiarise yourself with the software mentioned in the job description, like SQL, R, and Power BI. If you have experience with Prophet, make sure to highlight it. Consider preparing a brief example of how you've used these tools to solve a problem or improve a process.
✨Prepare for Scenario Questions
Expect questions that assess your judgement and decision-making in reinsurance scenarios. Think through potential challenges you might face in the role and how you would address them. This will show your ability to think critically and adapt in a dynamic environment.
