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Actuarial Analyst

Zoek Pin East London, Greater London, England

0.0000

Permanent (Full time)

Posted 26 days ago

Vitality, Capital Management Actuarial Analyst, London, £Competitive + Bonus + Benefits

We’re the UK insurer and investment provider that rewards people for positive lifestyle choices. With + 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: Free places to Vitality sponsored run events, online fitness classes and wellbeing workshops, competitions to win tickets to top-flight sporting events, health checks 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 Capital Management Actuarial Analyst, you’ll get the benefits our members enjoy, including:

  • Our award-winning private Vitality Health insurance + wellness incentive programme

  • Access to The Vitality Programme – Apple Watch, Waitrose and Partners, Garmin, Amazon Prime, Champneys Spa days, Rakuten TV and half-price gym memberships 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

As our Capital Management Actuarial Analyst, you will be involved with all aspects related to Solvency II across Pillars I, II and III. The role will be mostly technical in nature with a focus on maintaining and developing the solvency II model and producing Solvency II balance sheets for various purposes across the business. There will also be opportunities to get involved in other areas of the business such as risk management and various capital-related projects.

Key responsibilities of our Capital Management Actuarial Analyst include:

  • Quarterly SII reporting: Our team produces and reviews the results, performs the analysis of movement in the SII position, prepares the internal reporting pack and works with our Finance colleagues to get the QRTs submitted to the PRA

  • Model maintenance and development: Our team is responsible for maintaining the solvency II valuation model and identifying opportunities to improve the Prophet model and/or calculation process as well as testing any proposed changes

  • Producing the 5-year solvency projections for the ORSA and the related Stress & Scenario testing calculations

  • Assisting with risk appetite work, particularly assessing whether the SCR coverage risk appetite remains appropriate

  • Assisting in the production of the ORSA report, SFCR and RSR

  • Identifying capital and product opportunities through the use of analytics and actuarial modelling techniques and then measuring the financial impact of proposed changes, risks and opportunities

  • Analysing the risk profile and re-assessment of standard formula appropriateness

  • Supporting the Chief Actuary in fulfilling the Actuarial Function’s responsibilities

Our ideal Capital Management Actuarial Analyst will:

  • Have Prophet and DCS modelling knowledge

  • Be proficient in MS Office

  • Have demonstrable experience with exposure to the life insurance industry

  • Be able to demonstrate Solvency II technical knowledge and experience with practical application

  • Have good progress with actuarial exams (ideally completed the core principle and core practice 1 exams)

Closing Date: Monday 31st May 2021

Working for Vitality, you will 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.

If you feel you have the skills and experience to become our Capital Management Actuarial Analyst, thenplease click ‘apply’ today.

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