Featured
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.
Top 3 skills needed for this role:
As an actuarial analyst in the VitalityLife reinsurance team you will be involved in the oversight, review and implementation of VitalityLife reinsurance arrangements. You will work closely with several different teams to understand the reinsurance needs and the impact of reinsurance across the business. You will also work closely with the data team tasked with developing monthly reinsurance accounts to ensure the reinsurance arrangements are being accurately implemented.
Key Actions
If you are successful in your application and join us at Vitality, this is our promise to you, we will:
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.
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. If you are interested, please submit your application as soon as possible.
Team – Actuarial 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:
- Strong analytical skills
- Experience in SQL, R, Python or Excel
- Mathematical or statistical background
As an actuarial analyst in the VitalityLife reinsurance team you will be involved in the oversight, review and implementation of VitalityLife reinsurance arrangements. You will work closely with several different teams to understand the reinsurance needs and the impact of reinsurance across the business. You will also work closely with the data team tasked with developing monthly reinsurance accounts to ensure the reinsurance arrangements are being accurately implemented.
Key Actions
- Review the retention calculations that are applied to the reinsurance accounts and assist the reinsurance data team in ensuring the retention amounts are accurate as per the treaties
- Review the reassured premium calculations that are applied to the reinsurance accounts and assist the reinsurance data team in ensuring the reassured premiums are accurate as per the treaties
- Work to update the retention and reassured premium calculations when there are changes
- Assist in providing experience data to reinsurers where they request it
- Support with adhoc queries from reinsurers arising from claims, underwriting and account data
- Assist in liaising between the product development, pricing, underwriting, distribution quality management and claims teams and the reinsurers to make sure the reinsurers are aware of what the business priorities are and that they have the required information to answer any questions we may have
- Support in treaty/addendums reviews
- Assist in understanding the financial impact of any changes to reinsurance arrangements, rates & structures.
- Actuarial Student (i.e. progress through Core Principles exams)
- Actuarial work experience will be an advantage
- Technically inclined with attention to detail
- Confident communicating both verbally and written at all levels
- Strong analytical skills and the ability to interpret a broad range of data and complex financial calculations
- Strong IT skills and comfortable working on multiple software packages (e.g sql, R, Phyton, Power BI, Excel, Word, PowerPoint, Prophet experience will be an advantage)
- Work under pressure and within a dynamic and changing environment
- 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
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.
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.
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. If you are interested, please submit your application as soon as possible.
Reference: 53031921
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