About The Role
Team –
Pricing - Life
Working Pattern -
Hybrid – 2 days per week in the Vitality London Office. Full time, 37.5 hours per week.
Top 3 skills needed for this role:
- A statistical mind
- Seeking to develop to a career in Actuarial/Data Science
- Great communication skills
What this role is all about:
This role is for an actuarial analyst in the VitalityLife Pricing team supporting the implementation of our pricing and new business value strategy. You will require an understanding of life insurance actuarial dynamics and the life insurance market in the UK.
You will be responsible for driving improvements to our pricing position and strategy, taking ownership of the pricing control cycle from idea, to proposal, evaluation, approval and delivery.
Key Actions
- Deliver on the pricing control cycle: identifying opportunities for improvement in pricing position, crafting effective improvement strategies. You will deliver these through our pricing system and observe the results.
- Deliver and improve on end-to-end reprice processes for existing business products. This includes all actuarial, analytical and modelling aspects of the process.
- Optimise and run pricing models and perform assessments of existing pricing strategies.
- Assess the viability of commercial deals and submit proposals to senior management.
- Assist in the data analysis required for re-pricing and sales monitoring.
- Prepare and present reports for relevant Committees and forums.
The candidate would be supported in, and is expected to be working towards qualifying as an Actuary on the company study scheme.
Essential Skills needed to fulfil this role:
- Undergraduate degree in a numerical or stats based subject
- Actuarial Student (i.e. progress through Core exams) with interest in continuing actuarial study career (exam support provided).
- Experience making use of advanced analytical skills in Microsoft Excel, Python / R, and relational database languages such as SQL.
- Experience of translating complex business or real-world problems into analytical solutions, communicating proposals and delivering on actions.
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, w
e 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 Company
We'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.
Diversity & Inclusion
We're committed to diversity and inclusion because it's good for our employees, for our business, and for society. To learn more please visit our Careers page.
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. #LI-Hybrid
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.