Actuarial Analyst - Financial Risk

Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award-winning business.  

We’re recruiting for an Actuarial Analyst to join our Financial Risk Team. We’re offering a competitive base salary, great benefits and full actuarial study support (including rotations).

You will have the opportunity to get involved with varied and interesting work such as stress and scenario tests (SSTs) and the production of valuable MI which is used to manage the ALM (asset-liability management) position of L&Gs Retirement Division (LGR).

This role would be perfect for an aspiring actuary with an inquisitive nature, and a keen eye for detail.

What you'll be doing:

• Supporting the team with the delivery of various stress and scenario tests used to manage the risks we are exposed to as a division.
• Building and maintaining effective working relationships with stakeholders including (but not limited to) other teams in LGR Finance, LGR Investments and Group Finance.
• Ensuring that communication is clear, concise, and tailored to the specific needs of the various stakeholders.
• Supporting the development, implementation and maintenance of the team’s reporting systems and processes. Ensuring systems and processes are robust, with any associated risks assessed and appropriately controlled

Who we're looking for:

• An actuarial student
• Good communication and interpersonal skills
• Strong analytical skills
• Life Insurance experience would be advantageous, but is not required
• An understanding/knowledge of Reporting Metrics such as IFRS17 & SII would be advantageous, but is not required

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   
• Private medical insurance (permanent employees only) 
• 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 
• 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 

Legal & General is a leading financial services organisation, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.  

We’re one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.  

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 strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. 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. 

If you’re open to find out more, we'd love to hear from you.