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Vitality
,
London, Greater London
Product Pricing Actuarial Analyst
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Job Type: Full-time |
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Overview
Vitality, Product Pricing Actuarial Analyst, 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 Product Pricing 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, 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 Our Product Pricing Actuarial Analyst will work with the VitalityLife product development and pricing teams to deliver on the product development and pricing strategy. The work will include a wide range of key deliverables for the business, including the product pricing, new product development, profitability and sales monitoring, assumption review and setting, and assessment of distribution details. The work will require very strong quantitative and analytical skills using cutting edge actuarial and statistical techniques. Responsibilities as our Product Pricing Actuarial Analyst: - Perform profitability analysis by product segmentation. - Optimise and run pricing models and perform assessments of existing pricing strategies - Support product development initiatives, including market research - Prepare reports for the relevant Committees - Perform the end to end reprice process for existing business - Assess the viability of commercial deals and submit proposals to senior management - Assist in the data analysis required for new product developments and re-pricing. - The candidate would be supported in, and is expected to be working towards qualifying as an Actuary on the company study scheme. No exemptions to actuarial exams are required. To become our Product Pricing Actuarial Analyst, you will have the below skills and experience: Essential - A levels or equivalent in a technical / analytical subject - Experience of working with Microsoft Excel and Access, as well as statistical modelling tools such as R/SQL - Ability to grasp concepts of a technical nature quickly - Ability to develop a sound understanding of the underlying business environment - Ability to multi-task, managing several projects concurrently - Flexibility, ability to investigate and reconcile differences in outputs - Results driven and self motivated Desirable - Further Education qualification in a technical / analytical subject - Further qualifications in data analysis / software - Excellent data analysis skills (advanced excel, access, visual basic etc) - Visual basic for Excel at an intermediate level - Experience of Prophet (actuarial modelling software) or similar software package - Experience of working within project teams and dealing with clients and stakeholders Closing Date: Friday 3rd April 2020 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. If you feel you have the skills and experience to become our Product Pricing Actuarial Analyst, thenplease click ‘ apply’ today.