At a Glance
- Tasks: Lead health pricing strategy and develop complex risk models using advanced techniques.
- Company: Vitality, a forward-thinking insurance company with a focus on innovation.
- Benefits: Hybrid working, flexible hours, and opportunities for professional growth.
- Other info: Join a specialist team and influence key stakeholders while driving innovation.
- Why this job: Shape the future of health pricing and make impactful decisions in a dynamic environment.
- Qualifications: Qualified actuary with extensive pricing experience and strong technical skills.
The predicted salary is between 75600 - 92400 £ per year.
Make sure to apply quickly in order to maximise your chances of being considered for an interview. Read the complete job description below.
About The Role
Team – Pricing
Working Pattern - Hybrid – 2 days per week in the Vitality London or Bournemouth Office. Full-time hours apply. We are happy to discuss flexible working!
Top 3 skills needed for this role:
- Extensive Insurance Pricing Expertise
- Advanced Predictive Modelling Capability
- Proven Technical Stakeholder Influence
What this role is all about
We're looking for a Senior Actuarial Manager to take a leading role in shaping Vitality's health pricing strategy and strengthening our technical pricing capability. This is a senior, hands-on position with responsibility for developing complex risk, demand, elasticity and technical rate models, advancing price optimisation and setting the direction for pricing innovation and testing. The role will lead specialist actuarial talent, influence senior stakeholders and turn complex analysis into commercially effective decisions that support sustainable growth, retention and margin.
What you'll be doing
- Lead the development of risk models for individual and SME health insurance products using machine learning techniques alongside GLMs
- Build complex demand, price elasticity and technical rate models, taking ownership of the methodology from data and feature design through to validation and sign-off
- Develop and scale Vitality's price optimisation capability by creating the frameworks, tools and processes required for live pricing decisions
- Design and analyse price tests and controlled experiments to generate robust evidence and improve pricing performance
- Set the roadmap for demand modelling and price testing, prioritising activity according to commercial value and strategic impact
- Deliver modelling innovations that produce measurable improvements across growth, retention, margin and other key commercial outcomes
- Apply expert judgement to challenge assumptions, assess uncertainty and recommend technically robust pricing solutions
- Present complex technical work, risks and opportunities clearly to senior stakeholders and governance forums
- Lead projects across technical, commercial and operational teams, influencing decisions and securing support for new approaches
- Lead and develop a small specialist team, setting high technical standards and building capability through coaching and knowledge sharing
What do you need to thrive?
- Qualified actuary with FIA or an equivalent qualification, or an equivalent professional background with substantial pricing experience
- Significant experience delivering insurance pricing work, ideally within health or personal lines general insurance
- Strong hands-on experience building risk and demand models using GLMs and machine learning techniques
Senior Actuarial Manager (Health Pricing) employer: Vitality Corporate Services
Vitality is an exceptional employer that fosters a dynamic and inclusive work culture, offering flexible working arrangements to support a healthy work-life balance. As part of the Actuarial team in London, employees benefit from continuous professional development opportunities and the chance to collaborate with diverse stakeholders on innovative projects that drive the company's actuarial modelling capabilities forward. With a commitment to employee well-being and growth, Vitality stands out as a rewarding place to build a meaningful career.
Contact Details:
Vitality Corporate Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Manager (Health Pricing)
✨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 Vitality Corporate Services). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨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 Vitality Corporate Services. 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 Senior Actuarial Manager (Health Pricing)
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 Vitality Corporate Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Vitality Corporate Services. 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 Vitality Corporate Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Vitality Corporate Services 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 Vitality Corporate Services, 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 Vitality Corporate Services'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.
