Actuarial Technical Service Manager - Full or Part Time

We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.

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. 

Do you have a wealth of Defined Benefit knowledge which you would like to share?

If so, we are looking for a Qualified Actuary to join the Technical Services Team within our PRT Business here at L&G.

In this role you will provide technical actuarial support to our Annuities Book (both in-payment and deferred quotes) which support and underpins both BAU releases and programme deliveries within our PRT Business.

This is a Hybrid working opportunity based from our London Offices in Moorgate (but would entail travel to Hove as required)

Whilst this role has been advertised as a Full-Time position, we would also actively encourage applications from Part Time workers.

Do you feel like you meet the requirements but require greater flexibility? We’d love to hear from you regardless; we’re open to flexible working arrangements and support hybrid working, so please get in touch!

What you'll be doing

• Directing the planning, design and delivery of all actuarial & calculation changes for ALPS and associated EUCs.
• Seeking creative and innovative ways to deliver continuous improvement using LEAN methodologies, whilst maintaining quality, controls and customer outcomes.
• Mapping existing processes to identify improvements and presenting alternatives while supporting these recommendations into the business
• Maintaining and developing appropriate test packs to ensure good code coverage.
• Supporting the Senior Systems Actuary in all activities relating to the ongoing support of the pricing model including updates, development, documentation and testing.
• Support the Pensioner and Deferred Pension Loading teams in all activity including migration and new scheme loading to ensure benefit structures operate accurately and effectively leading to correct calculations, member communications and valuations data.

• A qualified Life/Pensions Actuary (or qualified through similar experience)
• Strong experience in technical actuarial roles and/or system development.
• In depth understanding of defined benefit pension schemes.
• Programming experience is preferred. Ideally with proficiency in C#, however other coding languages such as C++, R, Python etc. could be considered.
• Strong problem solving, analytical and financial skills
• Strong organisational and change management skills with the attention to detail
• Ability to prioritise and work independently, managing a high-volume of tasks and deadlines.

• Competitive Salary ranging from circa £60,000 – circa £80,000 (depending on experience)
• Bonus
• Car Allowance – 12% of salary (if Qualified Actuary)
• Study Support (including a rotation scheme and incremental increases as you progress further through your exams)
• Overtime Pay
• Holiday Allowance – 27 days plus all UK bank holidays
• Pension Contribution – L&G match any personal contributions up to 5% and then provide a further top up of 5%
• Private Medical
• Life Insurance
• Income Protection
• Smart Spending – which gives you access to vouchers/shopping discounts

Please note the above are just a few of the many benefits you will be entitled to when you join L&G from day 1.

If this opportunity excites you but you’re not sure you meet all the requirements, or you’d like to know a bit more, please contact Jordan Russell  at jordan.russell@landg.com (LinkedIn profile: https://www.linkedin.com/in/jordan-russell-70ab89169/).

If you’d like to be considered for this role, please submit your application through our careers website as we’re not accepting email applications.

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.