About The RoleTeam – Enterprise R&D LabWorking 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 product development experienceExpertise in translating actuarial analysis into impactful business actions and outcomesStrong stakeholder management, communication and influencing skills What this role is all about:We're looking for an R&D Actuary to join our Enterprise R&D team, supporting the development of innovative insurance products across VitalityLife and VitalityHealth. This role will help develop and execute the R&D strategy while leading product research, design and pricing activities, working across the full product lifecycle from concept through to implementation and ongoing optimisation. The position partners closely with senior stakeholders and cross-functional teams to deliver commercially viable propositions that support business strategy and member outcomes.Key ActionsLead the development and execution of innovative product propositions, translating strategic objectives into commercially viable insurance solutionsOwn the actuarial design and pricing of new product structures, balancing customer value, commercial performance and risk considerationsProvide thought leadership on emerging market trends, customer needs and industry developments to identify future product opportunitiesDevelop compelling business cases and present complex actuarial concepts to executive audiences, influencing key strategic decisions and investment prioritiesAct as a senior subject matter expert throughout product implementation, partnering with Technology, Change, Digital and Operations teams to ensure delivery aligns with original product intentTake ownership of end-to-end product specifications, ensuring robust governance, clear requirements and successful operational executionEstablish and oversee product performance frameworks, using data-driven insights to evaluate outcomes and recommend enhancements or corrective actionDrive continuous innovation across Life and Health propositions, identifying opportunities to improve competitiveness, customer engagement and business valueProvide technical leadership and mentorship within the R&D function, raising capability and supporting the development of actuarial best practiceLead or contribute to high-profile strategic projects, acting as a trusted partner and escalation point for senior stakeholders across the businessWhat do you need to thrive?Qualified Actuary with a strong track record in product development, pricing or proposition designExperience developing and implementing complex insurance products within a Life, Health or related financial services environmentStrong commercial acumen with the ability to balance customer outcomes, risk and business performanceAdvanced actuarial modelling and analytical skills, with confidence interpreting data and translating insights into strategic recommendationsExcellent stakeholder management skills, with experience influencing senior leaders and presenting to executive audiencesAbility to lead and contribute to cross-functional projects involving Technology, Change, Digital and Operations teamsExperience defining business requirements and translating product concepts into successful operational deliveryStrong communication and presentation skills, able to explain complex technical concepts to non-technical audiencesKnowledge of actuarial modelling tools such as Prophet and proficiency in ExcelExperience using analytical and data tools such as SQL, R or Python would be advantageous So, what’s in it for you?Bonus Schemes – A bonus that regularly rewards you for your performanceA pension of up to 12%– We will match your contributions up to 6% of your salaryOur award-winning Vitality health insurance – With its own set of rewards and benefitsLife Assurance – Four times annual salaryThese 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 beenCreate an environment that embraces you as you are and enables you to be your best selfGive you flexibility on how, where and when you workHelp you advance your career by playing you to your strengthsGive you a voice to help our business grow and make Vitality a great place to beGive you the space to try, fail and learnProvide a healthy balance of challenge and supportRecognise and reward you with a competitive salary and amazing benefitsBe there for you when you need usProvide opportunities for you to be a force for good in societyWe commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.About YouAbout UsWe’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.Unable to show this video due to your cookie preferencesDiversity & InclusionAt 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 sustainabilityVitality 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. #LI-HybridIf 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.All LocationsLondonAll Locations is a required fieldAdvertising SalaryCompetitive + Bonus + BenefitsContract TypePermanentFunctionActuarial & Data ScienceExternal Advertising End DateClosing Date:05 Oct 2026
R&D Actuary in London 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.
