At a Glance
- Tasks: Lead analysis of life portfolio trends and set robust actuarial assumptions.
- Company: Join Vitality, a multi-award-winning UK insurance brand focused on health and happiness.
- Benefits: Enjoy competitive salary, bonus schemes, pension contributions, and award-winning health insurance.
- Other info: Flexible hybrid working, career growth opportunities, and a commitment to diversity and inclusion.
- Why this job: Make a real impact on financial models and business decisions in a supportive environment.
- Qualifications: Qualified actuary with strong analytical skills and stakeholder management experience.
The predicted salary is between 63000 - 77000 £ 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:
- Proven actuarial experience analysis & assumption setting
- Strong commercial insight
- Experienced stakeholder & governance leadership
What this role is all about
We’re looking for an experienced Actuarial Manager to take a senior role in shaping the experience analysis and actuarial assumptions that underpin Vitality Life’s financial models, projections and key business decisions. With significant ownership across mortality, morbidity and persistency, this role will lead the interpretation of portfolio experience, identify emerging trends and determine how these should translate into robust actuarial assumptions. Working independently across complex actuarial matters, the Actuarial Manager will provide clear technical judgement on the impact of assumption changes across reserves, capital, profitability and forecasting, while partnering with senior stakeholders across Finance, Reinsurance, Pricing and Underwriting to influence decisions and strengthen actuarial insight across the business.
What you will be doing
- Lead the analysis of mortality, morbidity and persistency experience across the life portfolio, identifying material trends and their financial and commercial implications.
- Own the end-to-end process for setting, reviewing and maintaining actuarial assumptions, ensuring recommendations are supported by robust analysis and actuarial judgement.
- Assess the impact of assumption changes across reserves, capital, profitability and forecasts to support effective financial and business decision-making.
- Maintain strong governance around actuarial assumptions, with clear documentation, controls and reporting through relevant governance forums.
- Build, develop and enhance complex Prophet models, ensuring assumptions, risks and outputs are robust, clearly justified and appropriately documented.
- Use internal and external data and wider market insight to challenge results, solve complex actuarial problems and strengthen the quality of analysis.
- Partner with Finance, Reinsurance, Pricing and Underwriting to provide actuarial expertise, challenge and insight on significant business decisions.
- Present complex experience and assumption findings to senior stakeholders and governance forums, translating technical analysis into clear implications and recommendations.
- Drive improvements across actuarial models, experience reporting, data processes and automation to strengthen efficiency, control and quality.
- Provide technical oversight, review and coaching to actuarial colleagues, supporting capability and high standards without formal line management responsibility.
What do you need to thrive?
- Qualified or nearly qualified member of the Institute and Faculty of Actuaries, or an equivalent professional body.
- Strong actuarial expertise with the judgement to interpret complex experience, identify material issues and recommend appropriate solutions.
- Strong understanding of actuarial experience analysis, assumption setting and the actuarial control cycle.
- Ability to work independently on complex actuarial matters and take ownership for the quality and delivery of technically demanding work.
- Strong actuarial modelling capability with the ability to build, develop, challenge and document complex models.
- Ability to translate complex actuarial information into clear, commercially relevant recommendations for senior stakeholders.
- Strong stakeholder management skills with the confidence to challenge, influence and build effective relationships across the business.
- Experience providing technical guidance, review or coaching to other actuarial professionals.
- Experience with IFRS reporting, particularly IFRS 17, would be advantageous.
- Experience with Prophet and knowledge of R, SQL or Power BI 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, 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 Us
We’re incredibly proud to be recognised for the culture we've created — recently being named one of Glassdoor’s Best Places to Work 2026, and in 2024 we were delighted to be awarded Top 10 Places to Work in the Sunday Times Awards. 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.
Ready to find out if we’re the right fit for you? We can’t wait.
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. If you are interested, please submit your application as soon as possible.
Actuarial Manager (Life Experience and Assumptions) employer: Vitality
Vitality is an exceptional employer, offering a vibrant work culture that prioritises employee well-being and professional growth. With flexible working arrangements and a commitment to diversity and inclusion, employees are empowered to thrive in their roles while enjoying competitive benefits such as a generous pension scheme and award-winning health insurance. Join us in our London office and be part of a purpose-driven team dedicated to making a positive impact on society.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Manager (Life Experience and Assumptions)
✨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). 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. 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 Experience and Assumptions)
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Vitality. 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
✨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 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, 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'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.
