Actuary - Longevity

Royal London; Alderley Edge; Hybrid; GBP 60,000 - 90,000; Full time

Benefits offered by this job

28 days annual leave

Private medical insurance

Employer pension matching up to 14%

Job summary

Royal London is seeking a talented Actuary to support Longevity Assumptions Development within our Longevity Team in the UK. The role focuses on mortality improvement methodologies, demographic calibration for annuity pricing and valuation, and expanding assumption sophistication.

You will work in a collaborative, hybrid environment, bringing newly or nearly qualified IFoA credentials and communicating actuarial concepts to non-technical stakeholders.

Qualifications

• Newly or nearly qualified actuary with longevity/pensions/life experience.
• Experience in longevity modelling, actuarial analysis or mortality investigations.
• Strong problem solving and data interpretation skills.
• Ability to explain actuarial concepts to non-technical stakeholders.
• Capable of managing complex actuarial projects in a hybrid setting.

Responsibilities

• Develop methodologies for mortality improvement and postcode rating.
• Calibrate demographic assumptions for pricing and valuation of annuities.
• Expand assumption sophistication to support proposition development.
• Develop longevity risk models to align risk and capital needs.
• Ensure regulatory compliance and governance with internal standards.

Skills

Longevity modelling

Actuary

Analytical

Data interpretation

Communication

Education

IFoA qualification or equivalent

Job description

“It feels good to have a career with real purpose.”

We are looking for a talented Actuary to support our Longevity Assumptions Development, working within Royal London’s Longevity Team.

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.

• 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.

Only candidates who have the legal right to work in the UK or Ireland can undertake this role. Unfortunately, Royal London is unable to provide visa or work permit sponsorship.