At a Glance
- Tasks: Lead advanced actuarial modelling and data analytics to shape innovative pension solutions.
- Company: Join a dynamic team at Vitality, known for its collaborative and inclusive culture.
- Benefits: Enjoy a competitive salary, up to 12% pension match, and award-winning health insurance.
- Other info: Flexible working options and a supportive environment for personal and professional growth.
- Why this job: Make a real impact on financial outcomes while advancing your actuarial career.
- Qualifications: Actuarial student or fellow with SQL skills and strong data manipulation abilities.
The predicted salary is between 60000 - 80000 £ per year.
Working Pattern - Hybrid – 2 days per week in the Vitality London or Bournemouth Office. Full time hours per week. We are happy to discuss flexible working!
What this role is all about:
The Senior Actuarial Analyst within the Vitality Programme team plays a key role in the development and performance of a market‐leading proposition, applying advanced analytics, modelling and pricing expertise to influence product design, customer engagement and long‐term financial outcomes. Working within a highly collaborative, cross‐functional environment, the role contributes strategic insight, informs key business decisions, and supports sustainable growth and competitive advantage.
- Maintain and develop statistical models to forecast future engagement patterns and their impact on other key business drivers such as sales, retention, premium growth and claims and ultimately profitability / embedded value metrics. This may include elements of actuarial assumption setting.
- Produce actuarial pricing for new benefits and possible changes to existing benefits, in conjunction with the Research and Development team.
- Help develop business plans for future financial years, and monitor experience vs assumptions.
- Collaborate with other business teams, including actuarial, R&D, big data, marketing, pricing and finance, to grow understanding of the interaction between engagement and other key business drivers.
- Collaborate with other analysts and reporting specialists (including across Vitality's international markets) to drive adoption of standard engagement performance measures.
- Help produce key performance metrics, forecasts & monthly reports for senior management and wider business use, including marketing, technical marketing, sales, and finance.
Student or associate member of the Institute and Faculty of Actuaries or equivalent, working towards the completion of their actuarial qualification. Or: Fellow of the Institute and Faculty of Actuaries or equivalent.
Knowledge of SQL, writing and editing complex queries to extract and process data, e.g., using SQL Server Management Studio. MS Office: Excel 365 to an intermediate level. Should be able and confident in manipulating large data sets, and familiar with the capabilities of the latest version of Excel.
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! Great career opportunities!
We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Consultant - Pensions in Bournemouth
✨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 Senior Actuarial Consultant - Pensions in Bournemouth
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.
