Actuarial Analyst

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 3 skills needed for this role:
* Strong analytical skills
* Experience in SQL, R, Python or Excel
* Mathematical or statistical background
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 an Actuarial Analyst within the Vitality Life Actuarial department, you will be part of a dynamic resource pool that supports various actuarial functions. This will include a primary focus on valuations and capital management. This role offers a unique opportunity to gain hands-on experience in key actuarial areas. Develop technical skills, and contribute to the financial stability and strategic decision-making of the company.
Key Actions
Implement the Actuarial Control Cycle:
Data Management:
Cleanse and validate data.
Complete data analysis.
Run predefined and documented processes.
Modelling:
Build simple models or use pre-existing ones.
Document and understand key assumptions used in models.
Identify key risks and assumptions.
Reporting:
Report analysis outcomes to a manager or team head.
Conduct reasonability checks using available data.
Monitor results and identify improvement opportunities.
Distil and Communicate Information to Stakeholders:
Understand stakeholder needs and requirements.
Collaborate freely with stakeholders for issue clarification.
Prepare and update presentations.
Build and Transfer Skills and Knowledge:
Participate in and seek out learning opportunities.
Apply learnings effectively to work.
Manage Self:
Take full responsibility for work quality.
Maintain a can-do approach to find solutions and overcome tasks.
Keep stakeholders informed of progress and manage expectations.
Form effective working relationships with team and stakeholders.
Collaborate Within and Across Teams:
Know and communicate your responsibilities and those of others.
Focus on achieving agreed end results.
Share ideas and actively listen.
Communicate clearly and timely.
Maintain a positive attitude and help others do the same.
Keep an open mind when discussing problems.
Meet deadlines and quality standards.
Organize and share information appropriately.
Mediate between team members and settle disputes fairly.
What do you need to thrive?
A minimum of a bachelor’s degree in maths, stats or equivalent
Student membership of the Institute and Faculty of Actuaries or equivalent.
Working towards the completion of their actuarial qualification.
Strong analytical and problem-solving skills.
Excellent communication and teamwork skills.
MS Office skills: Excel intermediate, Word/PowerPoint basic.
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
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.
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