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Vitality
,
London, Greater London
Head of Actuarial Valuations
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Job Type: Full-time |
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Overview
Vitality, Head of Actuarial Valuations, London, £Competitive Bonus Benefits We’re the UK insurer and investment provider that rewards people for positive lifestyle choices. With 1.25m UK members and more than 25m globally, we’re out to make the world a healthier, happier place. That applies as much to our people as it does to our members. So, as well as a highly competitive pay package, you’ll enjoy complimentary breakfasts; regular onsite physical and mental wellness workshops; on-site health checks; annual flu jabs and access to our full range of partners and rewards. It’s what we call offering shared value, because a healthy, happy team is good for us, good for our members and good for you. As our Head of Actuarial Valuations, you’ll get the benefits our members enjoy, including - Our award-winning private Vitality Health insurance wellness incentive programme - The Vitality Programme – Apple Watch, Ocado, Garmin, Champneys Spa days, half price gym memberships, Disney Store discounts to name a few - Personal health fund Life Assurance - Stakeholder Pension Plan with employer contribution - 25 Days annual leave Bank holidays option to buy and sell 5 more - Flexible benefits package - Internal incentives, competitions and awards – a chance to win football and sports tickets or even be in with a chance to have a holiday of a lifetime - A genuine opportunity to grow and establish a long-term career Responsibilities as our Head of Actuarial Valuations include: - Lead our life actuarial valuations team based in London - Add value to the strategic decision making within VitalityLife through the analysis of actuarial experience, trends, profitability drivers and capital requirements - Interact closely with other companies within the group and its parent company, Discovery - Ensure alignment of VitalityLife’s strategy to the wider group - Understand and communicating the financial impact of shared value insurance for VitalityLife - The team is also the custodian of the life Prophet valuation model and responsible for methodology and modelling changes and new product modelling - Monthly experience reporting and monitoring which includes: To become our Head of Actuarial Valuations, you will have the below skills and experience: Essential - Working in the life industry with a demonstrable post qualification reporting function experience for protection business - In-depth experience of how a shared value model is allowed for in actuarial valuations - In depth Prophet modelling knowledge is essential and should be proficient with MS Office - Communicate effectively to senior management and relevant committee members - Work effectively with different stakeholders in the business - Liaise with auditors and external actuaries in the UK and South Africa - Write complex valuation, experience and EV reports - Understand the actuarial dynamics of shared value insurance and wellness programmes and how these are allowed for in actuarial valuations - Apply both UK and South African actuarial best practice and reporting standards - Team management experience Desirable - VIF/EV reporting on a Solvency I and Solvency II basis - IFRS reporting - Segmental reporting of the business, and across different reporting periods - Financial reinsurance - SII capital modelling and calculation of SCR and RM Working for Vitality you'll experience an exciting mix of creativity and innovation, within a framework of challenging objectives and a passion for delivering the best. Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved. Closing Date: Wednesday 25th March 2020 If you feel you have the skills and experience to become our Head of Actuarial Valuations, thenplease click ‘ apply’ today.