Senior Actuarial Manager; Head Reinsurance

About

The Role Team – Reinsurance
- 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 Stakeholder Management & Strategic Influence Innovation & Learning Agility Proactive Problem Solving & Resilience What this role is all about:

We’re looking for a Senior Actuarial Manager to lead the management of Life reinsurance arrangements and partner relationships across Vitality Life. This is a senior actuarial leadership role responsible for securing commercially effective reinsurance solutions that support strategic business objectives, including Shared Value Insurance, while ensuring arrangements are implemented, governed and administered effectively. The role will provide expert actuarial insight, influence senior decision-making and lead a high-performing team within a complex insurance environment.

Key Actions Lead the management, development and ongoing optimisation of Life reinsurance arrangements to support Vitality Life’s strategic and commercial objectives

Build effective relationships with reinsurance partners, ensuring agreed arrangements are implemented, administered and governed to the required standard

Apply expert judgement and actuarial knowledge to review complex data, challenge model outputs and develop innovative solutions to business problems

Challenge actuarial assumptions and methodologies, ensuring recommendations are supported by robust rationale and appropriate technical evidence

Assess and clearly communicate the risks, opportunities and commercial implications associated with proposed actuarial and reinsurance solutions

Advise and present to senior management, providing clear actuarial insight that informs strategic planning and business decision-making

Anticipate future business requirements and identify opportunities to strengthen reinsurance arrangements, actuarial processes and operational effectiveness

Set technical and professional standards across the team, acting as a trusted point of reference and sharing specialist actuarial expertise

Coach and develop Actuaries, Actuarial Specialists and Managers by identifying capability gaps and creating meaningful learning opportunities

Lead project teams and contribute to functional strategy, continuous improvement and the development of an engaged, high-performing team

What do you need to thrive?

Fellowship of the Institute and Faculty of Actuaries or an equivalent professional qualification, or significant specialist actuarial expertise developed over many years

Substantial actuarial experience with the ability to operate independently and provide direction within a complex business environment

Strong understanding of the Life reinsurance market and the management of reinsurance arrangements

Experience with in financial services, ideally within Life insurance

Proven ability to challenge assumptions, assess complex risks and provide robust, commercially informed recommendations

Experience presenting technical information and influencing senior management and external stakeholders

Strong leadership capability with experience coaching, developing and setting standards for actuarial professionals

Knowledge of Prophet and actuarial modelling within Life insurance

Knowledge of SQL, including writing and editing complex queries to extract and process data Knowledge of Python data-processing libraries and advanced reporting or visualisation tools such as Power BI
So, what’s in it for you?

Bonus Schemes – A bonus that regularly rewards you for your performanceA 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…