Actuarial Manager – Pension Risk Transfer Pricing

Legal & General; Greater London; On-site; GBP 70,000 - 90,000; Full time

Benefits offered by this job

Competitive salary

Annual performance-related bonus

Generous pension contribution

Life assurance

Healthcare plan

27 days holiday

Electric car scheme

Job summary

A financial services company in the Greater London area is looking for an Actuarial Manager to join their Pension Risk Transfer team. The role requires collaboration with colleagues to provide high-quality pricing delivery and support in de-risking solutions. Key qualifications include being a qualified actuary with strong pensions knowledge and excellent project management skills. The position offers competitive salary, performance-related bonuses, and various employee benefits such as a generous pension contribution and healthcare plan.

Qualifications

• Experience working within pensions consultancy or pension de-risking environment.
• Strong understanding of defined benefit schemes and/or pricing and capital modelling.
• Proven ability to support actuarial students.

Responsibilities

• Lead production of bulk annuity and longevity quotations.
• Delegate work to analysts and perform peer reviews.
• Develop tailored responses to quotation requests.
• Collaborate with consultants for creative solutions.
• Produce governance documentation aligned with pricing models.
• Support and develop colleagues.

Skills

Technical defined benefit pensions knowledge

Project management skills

Confident communicator

Collaborative working style

Education

Qualified actuary (or nearly qualified)

Job description

Job Description

We’re looking for an Actuarial Manager to join our award‑winning Pension Risk Transfer (PRT) Pricing & Execution team. As an Actuarial Manager, you’ll collaborate with talented colleagues across the team to drive high‑quality pricing delivery, whilst also supporting trustees and advisers as they navigate complex defined benefit transactions. You will also utilise your pensions expertise to help shape innovative de‑risking solutions that make a real impact. This is an exciting opportunity to influence outcomes, develop others, and proactively contribute to a growing and ambitious area of the business.

What you’ll be doing

• Leading on the production of bulk annuity and longevity quotations
• Delegating work effectively to actuarial analysts/senior analysts and providing high‑quality peer review
• Developing tailored responses to quotation requests, ensuring clarity and customer focus
• Working collaboratively with consultants to understand scheme requirements and propose creative solutions
• Optimising pricing by applying expert knowledge of capital and pricing models and proposing non‑standard assumptions
• Producing clear and transparent governance documentation in line with pricing models and procedures
• Embedding robust governance, conduct risk and Consumer Duty principles throughout the pricing process
• Supporting, developing and motivating colleagues while acting as a positive role model

Who we’re looking for

• Qualified actuary with strong technical defined benefit pensions knowledge (applications from nearly qualified candidates also considered)
• Experience working within pensions consultancy or pension de‑risking environment
• Strong understanding of defined benefit schemes and/or pricing and capital modelling
• Ability to design and implement innovative, non‑standard solutions to new challenges
• Confident communicator with the ability to present information clearly and persuasively
• Proven ability to supervise, delegate and support actuarial students
• Strong project management and time‑management skills, with experience delivering to tight deadlines
• Collaborative working style and a commitment to delivering good customer outcomes

Benefits

• Competitive salary
• Opportunity to participate in our annual, performance‑related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare plan
• 27 days holiday, plus public holidays; optionally buy and sell holiday
• Competitive family leave
• Participation in our electric car scheme, offering employees the option to hire a brand‑new electric car through tax‑efficient salary sacrifice
• Access to discounts on our own products and at a range of high‑street stores and online
• Commitment to creating net‑zero carbon workplaces by 2030 through investment in sustainable modern offices across the UK

Additional Information

At L&G, we believe it’s possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives that support people to develop their careers and excel. We care passionately about outcomes rather than attendance and we’re open to discussing flexible working options, including part‑time, term‑time and job shares. Not all roles have full flexibility, but we accommodate requests when we can. It doesn’t matter if you don’t meet every criterion; think about what you excel at and what you can bring in terms of strengths, potential and connection to our purpose.