Actuarial Model Developer

Legal & General is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, aiming to build a better society for the long term by investing our customers’ money in things that make life better for everyone and create value for our shareholders.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best. 

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

We’re recruiting for an Actuarial Model Developer to join our Modelling Solutions Department here at L&G. We’re offering a competitive base salary, great benefits and the opportunity to work as part of a project based team.

You will typically be involved in several different projects across end-to-end valuation solutions at any one time. And these projects will range from: enhancements to existing reporting methodologies through to the incorporation of new products and legislative requirements, which could span multiple platforms/software and will involve proactive interactions with various different teams across L&G.

If you are committed to delivering results/solutions to high standards and have a "change" mindset, we'd love to hear from you.

What you'll be doing:

• Implementing developmental changes as identified in the requirements documents in line with the agreed work package plan (covering both technical and documentation changes).
• Completing all testing activities as defined in the project plan, ensuring that all test preparation documentation is complete before undertaking testing, and that the test completion reports are completed to document tests undertaken and their success (or otherwise).
• Preparing all project and test documentation (unit / system / integration) and ensuring it is complete, accurate and adheres to current best practice standards as well as L&G's development standards and methodology.
• Actively managing your own time and workload and knowing when to escalate issues/risks of deviation from the agreed plan to the Project Manager and the Actuarial Technical Lead at the earliest opportunity, so that you can agree options for resolution.
• Providing input to the project status reports as and when requested by the Project Manager, ensuring that they are complete and accurately reflect the development status of the project / work package.
• Ensuring compliance with Internal and group governance policies.
• Supporting End-to-End modelling and methodology initiatives for platforms supported by the Actuarial and Finance Solutions team.
• Acting as a subject matter expert across various actuarial disciplines and providing technical guidance, advice and support in modelling projects across the end-to-end solution.

Who we're looking for:

• A Part-Newly Qualified Actuary with demonstrable actuarial experience
• A passion for project work and delivering change excellence
• Great communication skills (both written and verbal)
• Strong personal planning and organisation skills, with the ability to work in silo, but also as part of an effective team
• High attention to detail, with the ability to show initiative in applying good problem solving/analytical skills
• A practical and hands on approach, including the ability to write own actuarial code from scratch.
• Knowledge/experience of Prophet development within a large life insurer - including code changes, actuarial testing, and producing documentation of development and testing that are compliant to Technical Actuarial Standards (would be highly advantageous)
• Knowledge/experience of wider modelling languages/platforms such as AXIS, Tableau, R, iDR, SQL, DCS etc. (would also be highly advantageous)

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
• 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 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.