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 skills needed for this role:
- Prophet Modelling Subject Matter Expert
- Senior Actuarial Student or Qualified Actuary
- Good translation between technical jargon and practical concepts
What this role is all about:
As a new generation insurer disrupting the insure-tech market, our Actuaries and Actuarial Students are the analytical experts who ensure our operations run seamlessly. They leverage their mathematical prowess to analyse data, predict and manage risks, set equitable premiums, design innovative insurance products, and contribute to long-term financial planning. Their critical role ensures that Vitality offers reliable coverage while maintaining financial stability. By applying their actuarial skills, they provide invaluable insights that drive our decision-making processes.
As the Prophet lead at Vitality Life, you are responsible for developing, maintaining, and enhancing our actuarial model. You will be the Prophet subject matter expert and responsible for ensuring the Prophet model always remains fit-for-purpose and up to date to ensure accurate and efficient modelling processes that support our business objectives.
Key responsibilities include but are not limited to:
- Design, develop, and implement actuarial models using Prophet.
- Customise and enhance existing models to meet specific business needs and regulatory requirements.
- Collaborate with the wider actuarial team to understand business requirements and translate them into technical specifications.
- Liaise with other departments, such as IT and finance, to integrate models into broader business processes leveraging Unify.
- Ensure models are accurate, efficient, and compliant with regulatory standards.
- Perform model validation and testing to ensure reliability and accuracy.
- Ensure a robust and audit standard model change control process is maintained with associated documentation.
- Maintain comprehensive model documentation, including methodologies, assumptions, simplifications and limitations of the model.
- Ensure that all documentation is up-to-date and accessible for audit and review purposes.
- Engage with external and internal auditors on model developments used for actuarial valuations.
- Provide support for model-related queries and issues.
- Ensure all actuarial practices comply with regulatory requirements and professional standards.
- Stay updated with industry trends and advancements in actuarial modelling.
- Provide training and mentoring to junior actuarial staff, fostering a collaborative and supportive team environment.
What do you need to thrive?
- A actuary or senior actuarial student with a passion for actuarial modelling.
- Extensive experience in Prophet development with expert Prophet modelling skills..
- In-depth experience in Life actuarial valuations (IFRS17 and Solvency II).
- Enhance the Prophet model to support more streamlined and efficient valuations.
- Communicate effectively within the team and to other teams across the business.
- Work effectively with different stakeholders in the business.
- Liaise with auditors and external actuaries in the UK and South Africa.
- Work under pressure and within a dynamic and changing environment.
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.
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.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early.