Actuarial Manager (Life Reinsurance)
Actuarial Manager (Life Reinsurance)
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Job Description
Team Actuarial - Life
Working Pattern - Hybrid 2days per week in the Vitality London Office.Full time 37.5 hours per week.
Top 3 skills needed for this role:
- Effective communication with internal teams and external stakeholders ensuring strong relationship management
- Proficient in analytical and problem-solving skills adept at identifying and addressing complex issues.
- Extensive experience in life insurance with a particular focus on reinsurance and pricing strategies
What this role is all about:
As a new generation insurer disrupting the insure-tech market our Actuaries and Actuarial Students are key analytical experts. They use their mathematical skills to assess risk set fair premiums design products and support financial planningensuring Vitality remains both innovative and financially stable.
As an Actuarial Manager within the Life Reinsurance department at Vitality Life you will play a critical role in the management of reinsurance arrangements including ensuring the reinsurance arrangements are supporting the strategic business objectives and are implemented and administered effectively.
Key Actions
Reinsurance Responsibilities
- Review and maintain accuracy of retention and reassured premium calculations in line with treaty terms.
- Support the reinsurance data team in applying treaty provisions and updating calculations as needed.
- Provide experience data to reinsurers and respond to queries related to claims underwriting and account data.
- Liaise with internal teams (product pricing underwriting claims etc.) and reinsurers to align on business priorities and share relevant information.
- Assist with treaty and addendum reviews and assess financial impacts of changes to reinsurance structures or rates.
Actuarial Control Cycle
- Data Management:Source define and analyse data from various sources. Develop and manage complex actuarial processes.
- Modelling:Build and enhance models define assumptions assess risks and maintain clear documentation.
- Reporting:Validate results monitor outcomes and provide insights to support business decisions.
Stakeholder Communication
- Collaborate with stakeholders and manage relationships.
- Translate technical content into clear actionable insights.
- Handle complex queries and support informed decision-making.
Knowledge Sharing & Development
- Demonstrate expertise in actuarial work and the insurance industry.
- Mentor others contribute to training and support continuous learning.
- Evaluate performance and identify development needs.
Self-Management
- Take ownership of work quality and maintain a proactive solution-focused mindset.
- Build strong working relationships and review outputs from peers and junior team members.
Team Collaboration
- Communicate roles and responsibilities clearly.
- Share ideas listen actively and maintain a positive open-minded approach.
- Meet deadlines uphold quality standards and support team success through constructive feedback and collaboration.
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.
- Experience in a relevant life insurance role (pricing experience analysis or reinsurance).
- 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!
- Help you to be the healthiest youve 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 You
About Us
Were 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.
Weve 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. Were successful because we attract develop and retain the best people and because we care.
At Vitality were committed to diversity and inclusion because its good for our employees for our business and for society. We welcome applications from individuals of all backgrounds experiences and perspectives.
Vitalitys 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.
Required Experience:
Manager
Employment Type
Full-Time
