About The RoleTeam – Actuarial - LifeWorking 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!What this role is all about:As the Experience and Assumptions Actuary at Vitality Life, you will be responsible for analysing actuarial experience and setting actuarial valuation assumptions. This role is critical in ensuring the accuracy and reliability of our financial models and projections, as well as providing key insights for strategic decision-making.Key ActionsImplement the Actuarial Control Cycle:

• Data Management:
  • Identify and define data considering a broad spectrum of sources (including external data).
  • Manipulate, adjust, and analyse the data.
  • Create or define complicated processes which require a technical understanding of the field.
• Modelling:
  • Build and develop complicated models using Prophet.
  • Customise and enhance existing models.
  • Establish and justify assumptions used in models.
  • Identify, prioritise and quantify risks and opportunities and impact.
  • Maintain comprehensive model documentation, ensuring up to date and accessible for audit.
• Reporting:
  • Use knowledge of the business and external environment to validate results.
  • Define the necessary monitoring and reporting on results and implications.
  • Show judgement in identifying and solving material business challenges.

Distil and Communicate Information to Stakeholders:

• Proactively collaborate with stakeholders.
• Translate technical information into concise, audience appropriate language.
• Field complex questions, engage at a high level ensuring stakeholder understanding to make informed decisions.

Build and Transfer Skills and Knowledge:

• Detailed knowledge and proficiency in area of work and industry.
• Evaluation performance (self and team) to identify and address learning needs.
• Actively coach others in the field of expertise.
• Present and particulate in development sessions.

Manage Self:

• Take full responsibility for work quality.
• Maintain a can-do approach to find solutions and overcome obstacles. 
• Question decisions to understand them.
• Form effective working relationships with team and stakeholders.
• Review outputs of colleagues in other teams.

What do you need to thrive?

• Student or associate member of the Institute and Faculty of Actuaries or equivalent. Or: Fellow of the Institute and Faculty of Actuaries or equivalent.
• Knowledge of more advanced visualisation/dashboarding tools such as Power BI.
• Experience of working within financial services, particularly in health or life insurance.
• Knowledge of SQL, writing and editing complex queries to extract and process data, e.g., using SQL Server Management Studio.
• Knowledge of Python and associated data processing libraries (e.g. pandas, numpy).

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 CompanyWe'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.Ready to find out if we’re the right fit for you? We can’t wait.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.''