Actuarial Manager (Health Profitability and Value)
Actuarial Manager (Health Profitability and Value)
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Job Description
Team Actuarial - Health
Working Pattern - Hybrid 2days per week in the Vitality Bournemouth or London Office.Full time 37.5 hours per week.
Top 3 skills needed for this role:
- Strong SQL and Power BI skills for building dashboards and analysing complex data sets.
- Ability to turn data into meaningful insights for decision-making.
- Confidently engaging with executives and cross-functional teams (Actuarial Pricing Clinical Risk).
What this role is all about:
As an Actuarial Manager in our Health Actuarial Reporting team youll take the lead in shaping how we deliver fair value across our products. This role is about more than reporting youll drive the development of robust fair value assessments foster collaboration across business teams and ensure our approach is both rigorous and forward-thinking. Working closely with pricing reporting and clinical analytics teams youll provide actionable insights into profitability and take ownership of evolving our business planning process to support smarter data-driven decisions.
Key Actions
- Lead annual and ongoing Fair Value assessments for all VitalityHealth products delivering clear actionable insight andcompliance with FCA regulations (PROD 4 Consumer Duty).
- Build and analyse complex data sets to drive informed discussions and identify value opportunities.
- Monitor product performance highlight risks and ensure timely execution of improvement actions.
- Partner with stakeholders and executives to communicate findings and ensure products deliver long-term customer value.
- Champion the management and enhancement of products for in-force customers ensuring access to product services features and flexibility to meet their needs and long-term continued value.
- Own and develop business planning models and projections to support strategic goals.
- Provide data-driven recommendations on assumptions and scenarios aligning Actuarial Pricing and Clinical Risk teams.
- Create and maintain insightful dashboards to track trends and support decision-making.
- Use actuarial judgement to recommend assumptions build and enhance models and validate results to identify risks and opportunities
- Provide continual enhancement of existing processes and insights in a well-controlled environment. Ensuring strong governance is implemented throughout processes.
What do you need to thrive
- Associate or Fellow of the Institute and Faculty of Actuaries or equivalent
- MS Office skills: Excel advanced Word/PowerPoint intermediate.
- Detailed SQL Power BI and other dashboard building skills to support the insights of senior managers in the business.
- Confident and competent interaction with stakeholders across the business.
- 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
