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Market Pricing Actuary posted by Networx

£Competitive + Bonus + Benefits

Job Description

Vitality is an award winning, dynamic and vibrant financial services provider, with a ground-breaking vision for the future, where individuals are enabled to succeed and are rewarded and recognised for their contribution to our business.

Our CORE PURPOSE is to make people healthier and to enhance and protect their lives. From people to products and processes, we aspire to deliver on our purpose in everything we do.

Our VISION is to be the BEST health insurer in the UK

We are looking for talented individuals who are committed to living our values and delivering an award winning service to our customers.

Overall Job Purpose

To deliver the market pricing strategy to ensure VitalityHealth is at the forefront of the market resulting in achievement of volume and value objectives.


Contributes to and delivers commercial pricing strategies to improve sales and retention business performance, whilst maintaining profitability levels and hitting the business plan metrics
Works closely with the technical pricing and pricing implementation teams to enhance market pricing models using cutting edge statistical and pricing modelling techniques.
Assess and embed insights from our wider functions into our pricing, including insights from Clinical Risk and the Vitality programme.
Develops competitor and market insight in order to refine pricing strategies.
Delivers enhancements to our pricing capability through the modelling and subsequent implementation of new rating factors and micro segmentation.
Evolves the customer lifetime value model and embeds in the business, working closely with the Technical Pricing and Retention teams.
Works closely with Actuarial Reporting team to ensure new business and renewal pricing delivers required margins.
Presents insight to key stakeholders across the business.
Builds relationships with all departments to share best practice and enhance VitalityHealth analytical capability whilst building the profile of the pricing team.
Develops more junior members of the pricing team.

Skills Required


Qualified actuary (or very nearly qualified)

Degree in mathematical/statistics based subject

Experience of working a pricing or commercial team

Statistical modelling experience

Excellent verbal and written communication skills

Strong ability to analyse problems and develop structured solutions

Full IT literacy including Microsoft Outlook, Word, Excel (advanced) and PowerPoint.


Experience of working in a general insurance company

Experience of Earnix or other pricing software

Experience and understanding of GLMs and machine learning techniques

SQL skills

R and Python coding skills

People management experience

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. We think work should be fun and sociable, and we want our people to get the most out of every day.

Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved.



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