Actuary - Longevity

Royal London Group; Alderley Edge; Hybrid; GBP 55,000 - 85,000; Full time

Benefits offered by this job

28 days leave

Pension matching up to 14%

Private medical insurance

Job summary

Royal London Group in Alderley Edge is seeking an Actuary in Longevity who is newly or nearly qualified. You will contribute to mortality improvement methodologies, postcode rating, and calibration of demographic assumptions for pricing and valuing annuities.

In a hybrid role combining office and home working, you will expand assumption sophistication, support regulatory compliance, and communicate complex actuarial concepts to non-technical stakeholders.

Qualifications

• Newly or nearly qualified actuary with longevity, BPA, pensions or life insurance experience.
• Strong longevity modelling and actuarial analysis skills.
• Analytical mindset with data interpretation capabilities.

Responsibilities

• Support development of mortality improvement and postcode rating methodologies.
• Calibrate demographic assumptions for pricing and valuations of annuities.
• Contribute to longevity risk model development and regulatory governance.
• Collaborate with stakeholders in a hybrid working environment.

Skills

Longevity modelling

Actuarial analysis

Data interpretation

Stakeholder communication

Project management

Education

IFoA qualification (Newly or Nearly Qualified)

Job description

Contract type: Permanent
Location: Alderley Park
Working style: Hybrid 50% home/office based

About the Role

As an Actuary in Longevity, you will support:

• the development of our methodologies for mortality improvement, postcode rating and other components of the assumptions
• the calibration of the demographic assumptions for the pricing and valuation of individual and bulk annuities
• expansion of our assumption sophistication to support proposition development
• development the longevity risk models to ensure our assessment of risk and capital requirements remains appropriate
• compliance with regulatory requirements, governance frameworks and internal actuarial standards

About You

• A Newly or Nearly Qualified Actuary (IFoA or equivalent) with experience in longevity, BPA, pensions, or life insurance
• Experienced in longevity modelling, actuarial analysis or mortality experience investigations
• Highly analytical with strong problem‑solving and data interpretation skills
• Confident communicating actuarial concepts to non‑technical stakeholders
• Able to manage complex actuarial projects in a collaborative, hybrid working environment
• Motivated by working in financial services, insurance, pensions and reinsurance, with a desire to make a positive impact

About Royal London

We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate and Achieve. We offer a competitive benefits package including 28 days’ annual leave plus bank holidays, up to 14% employer pension matching and private medical insurance.

Inclusion, diversity and belonging

We’re an inclusive employer and value different backgrounds and cultures across Royal London. Our diverse people and perspectives bring a range of skills which are recognised and respected.