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Senior Actuarial Analyst – Member Options

Legal & General

London

Hybrid

GBP 60,000 - 80,000

Full time

2 days ago

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Job summary

A leading insurance company is seeking a Senior Actuarial Analyst for their newly created Actuarial Policyholder Options team. This role involves developing actuarial methods, ensuring fair value pricing of policyholder options, and collaborating with colleagues to deliver system developments, all within a hybrid working environment.

Benefits

Life assurance

Private medical insurance

Generous pension contributions

At least 25 days holiday, plus public holidays

Participation in performance-related bonus plan

Discounts on L&G products and high street stores

Flexible working options

Qualifications

Experience in applying actuarial principles to UK Defined Benefit Pension Schemes.
Strong knowledge of member options and validation of actuarial systems.
Proactive and able to manage multiple tasks efficiently.

Responsibilities

Assisting in the development of actuarial methods for policyholder option calculations.
Ensuring pricing of policyholder options delivers fair value to customers.
Collaborating with colleagues to ensure delivery of system developments.

Skills

Analytical skills

Problem-solving skills

Detail-oriented

Effective communication

Team collaboration

Education

Part-qualified Pensions Actuary

Senior Actuarial Analyst – Member Options

1 day ago Be among the first 25 applicants

Legal & General Institutional Retirement has secured the retirement benefits of over 700,000 members of defined benefit pension schemes. We are the UK’s longest-running insurer, operating continuously in the UK market from our entrance in 1987.

Our Institutional Retirement division provides Pension Risk Transfer (PRT) solutions for UK and US defined benefit (DB) pension schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members’ retirement benefits.

Joining us means you’ll support customers’ financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

Job Description

We’re currently recruiting for aSenior Actuarial Analyst tojoin the newly created Actuarial Policyholder Options team within our multi-award winning PRT Division.

We’re offering a competitive salary, study support and a host of other great benefits as well as the opportunity to work for the most decorated insurer in the PRT market - who are widely viewed as the gold standard for protecting members' benefits for the long-term.

This is a unique opportunity, where you'll play a crucial role in supporting the governance and implementation of the actuarial methods and assumptions applicable to policyholder options and ensure that fair value is always provided.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate.

What you’ll be doing:

Assisting in the development of actuarial methods for policyholder option calculations
Reviewing and validating tools for policyholder option calculations
Collaborating with colleagues to ensure delivery of system developments
Conducting regular processes for bespoke implementation of our policyholder options basis
Checking calculations for non-standard individual cases
Ensuring pricing of policyholder options delivers fair value to customers
Working closely with developers, end users, and change professionals
Specifying and testing developments to member option calculation tools

Qualifications

Who we’re looking for:

Part-qualified Pensions Actuary
Experience in applying actuarial principles to UK Defined Benefit Pension Schemes
Strong knowledge of member options and validation of actuarial systems
Excellent analytical and problem-solving skills
Ability to work collaboratively in a team environment
Effective communication skills
Detail-oriented with a focus on accuracy
Proactive and able to manage multiple tasks efficiently

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:

Participation in our annual performance-related bonus plan and share schemes
Generous pension contributions
Life assurance
Private medical insurance
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
Discounts on a range of L&G products and those of high street stores and online retailers
Redesigned office spaces enabling collaboration and with your wellbeing at its 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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