JUMP TO CONTENT

Actuarial Analyst - Workplace Savings

  1. London
  2. Full-time
  3. Studying Actuary

__jobinformationwidget.freetext.ExternalReference__

813_06307


Company Description

Life can sometimes be unpredictable, and it pays to plan ahead. Our aim at Legal & General Retail is to help our customers plan for the unexpected, achieve financial security for their tomorrow, and protect everything that’s important to them. To better understand our customers and meet their needs, we’ve brought our protection, retirement income, savings, lending, and advice, fintech and mortgage businesses under one umbrella. Created at the start of 2022 through the merging of our long-standing and trusted retail retirement and insurance businesses, we’re a fast-growing division with big, customer-centred ambitions.  


Job Description

We’re recruiting for an Actuarial Analystto join our Workplace Savings team. We’re offering a competitive base salary, great benefits and the opportunity to work on every aspect of our Workplace DC products.

In this role you will have the opportunity to work on all aspects of our Workplace DC products from product development, through to getting involved with the negotiation and authorisation of pricing (at both new business tender stage and/or retention pricing stage), through to providing detailed analysis and reporting of ongoing scheme profitability and Assets Under Management.

This role would be ideal for a highly analytical person who has strong experience with Data Analysis, Data Manipulation and/or previous Product Pricing experience.

    What you'll be doing:

    • Core pricing work for all bundled Workplace DC requests, this will include negotiating and agreeing terms with various stakeholders for large or otherwise non-standard opportunities to secure volume and profit, ensuring that an appropriate but commercial balance is maintained between the volume and profit margins.
    • Providing assistance with the following:-
      - Fund Pricing, covering the future growth rate assumptions and pricing of Workplace DC funds.
      - Updating of the Workplace DC Pricing Model and the annual reconciliation of the Reporting model.
      - Understanding, testing and maintaining the various different illustration systems used.
      - The data manipulation, data analysis and report production aspects of the regular MI reports that Workplace produce.
      - Detailed analyses of experience against pricing assumptions for key factors within the pricing model. These include persistency, expenses and other assumptions
      - Ad Hoc/Project work and/or additional analyses and reports, as required.
    • Supplying authority of terms for each client implementation, confirming the annual management charges, and later authorise new business set up within the underlying systems.
    • Considering L&G’s Customer Experience and Treating Customers Fairly Policy when pricing Workplace DC products.

    Qualifications

    Who we're looking for:

    • A Part-Qualified Actuary (who is no longer actively sitting Actuarial exams, but has previously passed exams)
    • Experience working within a UK Life Office or Re-insurer.
    • Knowledge of unit linked pensions products would be an advantage, but is not essential (as training will be given)
    • The ability to communicate clearly, and convey sometimes complex detail to both internal and external customers in simpler terms.
    • A problem solving mindset, with the ability to investigate and solve problems as and when they arise.
    • The ability to handle a fairly large volume of diverse work, and effectively plan ahead to give appropriate priority to each required task.
    • The ability to perform accurate calculations quickly and assess results of these calculations to ensure they are reasonable, and where appropriate referring these to more experienced staff if this is not the case.
    • Good general Excel skills - with VBA, Prophet and Python skills also being desirable (training will be provided on Prophet, Python & VBA if 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

    Additional Information

    Legal & General is a leading financial services group and major global investor, 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 aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

    If you join us, you’ll be part of a welcoming 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.

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

    Great news! We will let you know when a new job like this has been added!

    Similar roles

    List #1

    Our latest posts

    Photo of Gemma, in the woods, holding her pet dog and smiling while taking a selfie.
    From fashion to finance: Gemma's journey of career growth and personal development

    Teaser

    Our people

    Content Type

    Blog

    Publish date

    06/27/2024

    Summary

    At Legal and General, we see the potential in you. If you do not have a strong background in financial services and have worked as an Analyst in other industries, for example, those skills are tra

    Teaser

    Gemma's remarkable journey at Legal & General showcases the transformative power of a supportive and inclusive workplace.

    Read more
    Two women at a desk on a laptop in a work meeting in the office with a big screen behind them.
    Can actuaries be replaced by AI?

    Teaser

    Finance & Actuary

    Content Type

    Blog

    Publish date

    06/19/2024

    Summary

    In the current quickly evolving digital terrain, the integration of artificial intelligence (AI) and advanced technologies into various industries is reshaping many traditional roles. Actuarial scie

    Teaser

    Discover the evolving role of actuaries in the age of AI and explore exciting career opportunities at Legal & General.

    Read more
    Female data engineer working on her laptop at a desk in a modern office
    What skills do Data Engineers need?

    Teaser

    Technology, Digital & Data

    Content Type

    Blog

    Publish date

    06/11/2024

    Summary

    At Legal & General, we’re committed to creating an environment where people can thrive in their careers. We understand the important role that Data Engineers play in our mission to build a more sustai

    Teaser

    Curious about the skills you need to thrive as a Data Engineer? Dive into our guide and explore how you can shape the future of financial services and asset management at Legal & General.

    Read more

    by

    Enrique Rodriguez

    by

    Enrique Rodriguez

    Picture of a female Risk Manager at her desk with a laptop in an office
    Is it hard to be a Risk Manager?

    Teaser

    Our people

    Content Type

    Blog

    Publish date

    05/30/2024

    Summary

    Risk Management a { text-decoration: underline; } According to a recent report by the International Risk Management Institute, the demand for skilled Risk Managers is growing. As a

    Teaser

    Discover the dynamic world of risk management, where challenges meet opportunities and your expertise shapes the future of business.

    Read more
    man sat at a laptop with a headset on
    What are the top 5 emerging cyber security challenges?

    Teaser

    Technology, Digital & Data

    Content Type

    Blog

    Publish date

    05/07/2024

    Summary

    Data breaches cost businesses an average of $4.35 million in 2022 globally and such breaches have continued to become one of the biggest cyber security threats. In the ever-evolving digital landsc

    Teaser

    Together, we're harnessing innovation and expertise to safeguard against the ever-evolving challenges of the digital age

    Read more
    man in headset at a computer smiling at his colleague
    What takes customer service from good to great?

    Teaser

    Customer Service & Sales

    Content Type

    Blog

    Publish date

    05/07/2024

    Summary

    In the dynamic realm of customer service, the difference between good and great can be significant. 82.5% of customers whose overall satisfaction with an organisation is 9 or 10 out of 10, also

    Teaser

    At Legal & General, we're committed to exceptional customer experiences, setting high standards in financial services.

    Read more
    group of women sitting in a line with a keynote speaker stood in front
    Black Women in Asset Management connect at L&G

    Teaser

    Investments

    Content Type

    Blog

    Publish date

    04/25/2024

    Summary

    At Legal & General we’re committed to creating an inclusive workplace, one that helps us to better represent the customers and clients we serve. That’s why we partner with a range of organisatio

    Teaser

    “The more we actively create opportunities like this, the more it will become ‘the way we do things around here”

    Read more
    two people in suits sat at a desk pointing at print outs of graphs
    5 reasons to bring your actuarial career to the UK

    Teaser

    Finance & Actuary

    Content Type

    Blog

    Publish date

    04/08/2024

    Summary

    Shifting gears in your career isn't just about making a decision; it's a chance to chart a new course, unlock new challenges and make a real impact. If you’ve got your sights set on the UK, you

    Teaser

    Imagine yourself stepping into a vibrant financial services landscape, where each day brings new opportunities for growth. That's precisely what you'll find in the UK.

    Read more
    girl in chador wearing glasses and smiling
    Wardha is a role model for women thriving in data and technology

    Teaser

    Technology, Digital & Data

    Content Type

    Blog

    Publish date

    04/05/2024

    Summary

    Legal & General is commited to building an even more diverse, inclusive workplace – one where everyone thrives. Our second Britain’s Most Admired Company win is a recent recognition of this, wit

    Teaser

    By 2025 we’re targeting a 50/50 gender balance in our workforce, with 40% of senior management roles being women. Wardha is a shining example of the many inspiring women driving progress at Legal & General.

    Read more
    Woman in suit staring directly at the camera
    How Jas is leaving a lasting legacy working in Real Assets

    Teaser

    Investments

    Content Type

    Blog

    Publish date

    04/03/2024

    Summary

    If you're familiar with Legal & General Investment Management, you know that our mission is to create a better future through responsible investing. LGIM is our global asset management business,

    Teaser

    If you're familiar with Legal & General Investment Management, you know that our mission is to create a better future through responsible investing. Legal & General’s Jas Chahal shares what this means to her.

    Read more
    View all

    Job search

    What we do?

    There’s so much more to us than meets the eye. We’re insurers, investors, builders, city-regenerators and green technology champions.

    And whatever the future holds, our people’s knowledge, skill and passion will mean we’re placed to make a real difference to society.

    Click here to join us
    Search for jobs