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Assistant Commercial Actuary - Lifetime Mortgages

Legal & General

London

Hybrid

GBP 40,000 - 60,000

Full time

6 days ago

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Job summary

Legal & General seeks an Assistant Commercial Actuary to join its Lifetime Mortgage Pricing Team in London. The role involves supporting pricing strategies, managing risk profiles, and collaborating with stakeholders to innovate product offerings, all while cultivating a flexible work environment.

Benefits

Annual performance-related bonus

Generous pension contribution

Life assurance

Healthcare Plan

At least 25 days holiday plus public holidays

Competitive family leave

Electric car scheme available

Discounts on products and services

Qualifications

A nearly/newly qualified actuary with relevant work experience.
Excellent knowledge of actuarial techniques and Solvency II regulations.
Strong communication skills for presenting to stakeholders.

Responsibilities

Support pricing strategy design and delivery to gain competitive advantage.
Manage risk profiles of LTM portfolios and implement risk improvement techniques.
Collaborate with stakeholders on pricing strategies and product design.

Skills

Analytical Skills

Communication

Problem-Solving

Education

Qualification via IFoA or equivalent institute

Assistant Commercial Actuary - Lifetime Mortgages

Join to apply for the Assistant Commercial Actuary - Lifetime Mortgages role at Legal & General

Assistant Commercial Actuary - Lifetime Mortgages

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Join to apply for the Assistant Commercial Actuary - Lifetime Mortgages role at Legal & General

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Retail supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses.

Our Retail division helps people enjoy a more colourful retirement, both directly and through their employers, including Lifetime Mortgages, Retirement Interest Only Mortgages and financial advice on our range of lending products.

We are the UK’s number one individual life insurer, and also provide Group Protection products for employers – all helping people to plan for the unexpected. We support home buying through our Mortgage Club – the UK’s largest – and our award-winning Surveying Services team. And our fintech team finds and supports socially useful start-ups and scale-ups working in the workplace, home, insurance and wealth areas.

Joining us means helping create brighter financial futures for all our customers.

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

L&G Retail supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses.

Joining us means helping create brighter financial futures for all our customers.

Job Description

We're currently recruiting for an Assistant Commercial Actuary to join our dynamic Lifetime Mortgage Pricing Team.

In this role, you will support the commercial management of our Lifetime Mortgage business, by contributing to innovative solutions and maximising Group value.

This is a hybrid working opportunity which means you can split your working week between your home and our central London office to find a work/life balance that works for you.

What you'll be doing:

Supporting the design and delivery of pricing strategies in collaboration with stakeholders to gain competitive advantage
Identifying and developing variants of existing LTM products to better manage the risk profile
Working closely with lenders to deliver new product initiatives, focusing on financial business cases, risk management, and developing pricing and reporting models
Monitoring and managing the risk profile of all LTM portfolios, implementing techniques for improving risk selection
Collaborating with key stakeholders to determine pricing strategies, rating, and capital treatment of new products
Ensuring business processes and internal controls deliver good customer outcomes and align with Treating Customers Fairly (TCF) principles
Contributing to discussions on potential changes to product design to better meet customer needs
Supporting work on international markets, including Dutch retirement lending

Qualifications

Who we're looking for:

A nearly/newly qualified actuary (via the IFoA or equivalent institute) with relevant work experience
Excellent knowledge of actuarial techniques and awareness of relevant regulations, including Solvency II
Experience in lifetime mortgages and/or pricing is desirable (but not essential)
Strong communication skills with the ability to present results clearly to various stakeholders
Demonstrated achievement drive and flexibility in adapting to change
Strong analytical and judgement skills with a focus on customer orientation
Commercial awareness and creativity in problem-solving
Commitment to continual professional development and high standards of business ethics

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
Generous pension contribution
Life assurance
Healthcare Plan
At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
Competitive family leave
Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
There are the many discounts we offer – both for our own products and at a range of high street stores and online
In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

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 which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.

Seniority level

Seniority level
Not Applicable

Employment type

Employment type
Full-time

Job function

Job function
Finance

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