Actuarial Graduate Programme 2024 - London

The brand with the brolly is choosing today to change tomorrow. Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

Are you looking for an exciting opportunity to earn while you learn?

The L&G Actuarial Graduate scheme has been designed to help you reach your potential. You will develop your skill set, gain valuable work experience and complete a fully funded professional qualification, all whilst earning a competitive salary with access to outstanding employee benefits.

With support every step of the way and access to core skills training, you will contribute to the success of a team and be supported by a line manager with Actuarial experience.  As part of a cohort of graduates, you will also have the opportunity to connect with your peers and colleagues though networking opportunities and social events.

Joining L&G is the beginning to a future that will be anything but familiar. So take a closer look, get involved, be curious and find out how we will enable you to be at your best no matter who you are.

Please note this role is part of a rotational programme and the first rotation will be based in Hove. This means your second rotation will be based in London. 

We can only accept one application per cycle for our graduate roles, so please consider this before submitting as your first application will be considered your only application. 

We recruit on a rolling basis and expect this vacancy to close before the deadline. To be in with the best chance of securing a role, please submit your application ASAP 

Actuarial work is central to ensuring a profitable, well run insurance business and your work will support the success of a FTSE 100 company with a focus on inclusive capitalism to build a better society. Our Actuaries work throughout the business measuring, predicting and managing areas of the business with the aim of giving its customers ‘value for money’. As part of our graduate scheme, you will rotate through different business areas to build up a breadth of knowledge and become a well-rounded actuary. Your first placement will be in Hove; however, every 18-24 months you will rotate through different teams and office locations, developing not only your professional network but also your actuarial expertise.   

Our Graduate Programme has been designed to give you the fundamental experience and skill set to excel at Legal and General.  You’ll join with a cohort of graduates and take part in our thoughtfully designed Legal and General Future Talent Induction, providing you with insights about our business and helping you connect with your new peers to grow your professional network. 

In this role, you will join us on a full-time permanent basis and receive on the job training and coaching from your line manager and team to help you expand on both your business acumen and quantitative and qualitative skills.  Alongside this you’ll study for an industry recognised professional qualification from the Institute And Faculty of Actuaries. Combined, these will fully equip you to be successful in your role, with the knowledge and skills required to apply to real world business challenges.

During the programme you will experience multiple aspects of actuarial work such as:

• Pricing: Perform actuarial investigations and calculations to support pricing decisions and create bespoke quotations for large schemes.
• Risk analysis: Manage the production of regular experience investigations for our products in order to understand the impact of changes in mortality, morbidity, expenses and persistency.
• Regulatory reporting: Deliver the company and statutory financial reporting results to tight deadlines, including the supporting commentary.
• Modelling: developing and maintaining actuarial models, code, and software to solve problems and ensure that decision making is based on robust figures.
• Communication to senior stakeholders: Summarise the performance of insurance products or the results of an investigation to present to senior management
• Marketing: Support actuaries in product development, commercial deals and pricing innovations.

We are looking for people with an inquisitive mind and a desire to learn. We’re not expecting prior industry experience, but we’ll want to see that you have the tools to develop quickly. These include:

• 2.1 degree in a numerate subject 
• Strong analytical skills and great communication skills
• Someone flexible who is also a team-player
• A highly organised individual, who has the ability to prioritise effectively

Our rotational programme means that you could be working in any of our divisions which include Group, Retail, LGI (Legal and General Insurance) and LGRI (Legal and General Retirement Institutional). This also means moving to different office locations for each rotation too; you will have placements in both our main offices, which are Hove and London. If your first rotation is in Hove, your second will be London and you will continue to rotate until you complete your qualification. Wherever you are placed you will be delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.

The Legal & General study package is designed to give you the opportunity to progress quickly through the actuarial exams, with paid study days, study materials, tutorials from external providers and professional fees included.

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 25 days’ holiday, private medical insurance, discretionary performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products. Your hard work will be rewarded when you join us.

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.