Actuary

LV=; Bournemouth; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

LV= is seeking an experienced Actuary to join our Bournemouth office on a fixed-term basis. This role offers the chance to utilize your actuarial skills in a dynamic environment, working on pivotal projects while benefiting from a flexible hybrid working model. We prioritize quality customer focus and are committed to growth through ongoing improvements and compliance with regulatory standards.

Benefits

30 days' holiday, with the option to buy up to 2 additional days

Double-match pension scheme up to 14%

Annual bonus scheme based on performance

Private medical insurance

Flexible benefits package

Discounts on life products

Group life assurance policy

Qualifications

• Experience in life insurance and preferably with-profits management.
• Self-motivated and able to work independently as well as part of a team.
• Curious with a strong analytical approach.

Responsibilities

• Provide actuarial support for LV='s legacy with-profits business.
• Prepare analysis and offer advice to senior management.
• Develop new tools or enhance existing actuarial models.

Skills

Actuarial experience

Analytical mindset

Communication skills

Interpersonal skills

Customer focus

Education

Fellow of the Institute and Faculty of Actuaries

Tools

Microsoft Word

Microsoft Excel

Job description

About The Role

We are pleased to announce an exciting new opportunity for an Actuary to join our established team on a fixed-term basis until the end of the year 2025.

This is the perfect opportunity for an experienced Actuary to utilise their technical knowledge and actuarial skills,together with financial services industry knowledge, to identify and analyse issues within our Heritage business department, and propose and implement appropriate solutions. This will help us adhere to regulatory requirements and ensure that business needs are met and exceeded.

The role is based from our Bournemouth office, however we’re happy to offer a flexible hybrid working model.

Key Accountabilities

Our ideal candidate will…

• Provide actuarial support to the management of LV=’s legacy with-profits business, including rectification of issues affecting this business and other projects as required.
• Offer professional advice and support to senior management on a regular basis, to include the preparation of analysis.
• Work independently and to a high standard, developing new tools and/or building enhancement to existing actuarial models.
• Take a leading role in identifying possible improvements and proposing ideas on how to implement these improvements.
• Initiate and carry out specification of new systems and procedures, ensuring systems (or processes) within the Actuarial team are supported, enabling business needs to be met and exceeded.
• Assist in delivering recommendations and solutions to business problems, by using Actuarial systems, company systems or manual methods as necessary, and in an appropriate manner.
• Recognise the technical knowledge and abilities of each customer, ensuring that all work is produced to a high standard and in a timely manner, so that outcomes of the business plan are met and exceeded.

About You

Our ideal candidate will…

• Demonstrate significant Actuarial experience, which has been gained by working in life insurance, and ideally in With-Profits management.
• Have a good understanding of the changing financial services market.
• Possess excellent communication and interpersonal skills.
• Be self-motivated and able work to your own initiative, as well as being an active team player.
• Possess a curious and analytical mindset.
• Consistently achieve high standards of quality customer focus.
• Be a Fellow (or nearly qualified) of the Institute and Faculty of Actuaries.
• Be able to competently use Microsoft programmes such as Word and Excel.

Rewards & Benefits

This role is a Band C in the LV= Structure.

At LV= Life and Pensions, you’ll go above and beyond to do the right thing for our customers. We’ll reward your hard work with an attractive, competitive salary and benefits package, which includes:

• 30 days' holiday, with the option to buy up to 2 additional days
• Competitive pension scheme - LV= Life and Pensions will double-match the amount you pay, up to 14% (subject to National Minimum Wage requirements)
• An annual bonus scheme based on company and personal performance
• Single-cover private medical insurance (with the option for you to upgrade to family cover)
• Flexible benefits, including a cycle to work scheme, personal accident insurance, critical illness cover and dental insurance
• Up to 20% discount on our life products for you and your immediate family
• A group life assurance policy with 4 x your basic pay to go to your dependents (you’ll have the option to increase to 8 x cover)
• Group Income Protection (if you become a member of the Pension scheme and reach 5 years of service)
• Access to our Employee Assistance Programme (EAP) for support when you need it
• A virtual GP service
• Shared parental leave.

About Us

Here at LV= Life and Pensions we love to hear from great people, so don’t forget to connect with us on social media.

We’re proudly an equal-opportunity employer and we highly value diversity and inclusivity.

We don’t discriminate on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We’re also open to conversations about flexible working as part of your application - if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.

Please note that we are unable to offer Skilled Worker Visa Sponsorship for this role. Therefore, you must ensure that you are eligible to work in the UK without our sponsorship in order for your application to be considered.

Please note that any successful internal colleagues will be offered a secondment opportunity. The secondment policy is available on the intranet for internal colleagues.