Actuarial Manager (Health Pricing)
- Hiring from
- United Kingdom
- Work type
- Hybrid
- Posted
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About The Role
Team – Pricing
Working Pattern - Hybrid – 2 days per week in the Vitality London or Bournemouth Office. Full-time hours apply.
Top 3 skills needed for this role:
- Strong Insurance Pricing Expertise
- Advanced Predictive Modelling Capability
- Proven Python & SQL Expertise
What this role is all about
What you'll be doing
- Direct the development of sophisticated risk models for individual and SME health insurance products, using machine learning techniques alongside traditional GLMs
- Own the full modelling lifecycle, from data and feature design through model development, support, sign-off and implementation into live pricing
- Be in charge of the sourcing, evaluation and integration of external data to strengthen risk segmentation and connect new pricing opportunities
- Research and test new rating factors, building robust statistical evidence and translating findings into clear recommendations for implementation
- Build, customise and enhance complex pricing models using Python and specialist pricing software, applying sound actuarial judgement to assumptions and methodology
- Translate machine learning outputs into practical, explainable and governable rating structures, working closely with Pricing Implementation to take changes live
- Own monitoring and governance across the model suite, maintaining comprehensive documentation, defining recalibration triggers and ensuring audit readiness
- Identify, prioritise and quantify material pricing risks and opportunities, applying commercial and technical judgement to complex business challenges
- Lead pricing projects and manage relationships across technical and business stakeholders, communicating complex findings clearly to support informed decision-making
- Review modelling work and provide technical coaching to strengthen modelling capability, quality and knowledge across the wider team
What do you need to thrive?
- Extensive experience within insurance pricing, ideally across health or personal lines general insurance
- Strong hands-on experience building GBMs, including XGBoost or LightGBM, alongside GLMs for insurance risk
- Proven experience taking pricing models from development and validation through to live rates
- Strong Python capability for developing and enhancing complex pricing models
- Advanced SQL capability, including writing and editing complex queries to extract and process data
- Strong technical and analytical judgement, with the ability to structure and solve complex pricing problems
- Proven experience conducting pricing projects and delivering outcomes across multiple stakeholders
- Excellent written and verbal communication skills, with the ability to translate complex technical information for different audiences
- Fellowship of the Institute and Faculty of Actuaries or an equivalent actuarial qualification would be advantageous
- Experience with Radar, Earnix or Akur8, external pricing data or model interpretability techniques such as SHAP and partial dependence would be advantageous
- 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 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 Us
We’ve 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. We’re successful because we attract, develop, and retain the best people – and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.
Ready to find out if we’re the right fit for you? We can’t wait.
At Vitality, we’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. We welcome applications from individuals of all backgrounds, experiences, and perspectives.
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. If you are interested, please submit your application as soon as possible.
Skills
.Hard Skills - SQL, .Hard Skills - Python, .Hard Skills - Leadership, .Hard Skills - Programme, .Hard Skills - Sustainability
