Data & Automation Actuary - 12 Month FTC

Legal & General looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members’ retirement benefits.

Joining us means you’ll support customers’ financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

We’re recruiting for a Data & Automation Actuary to join us for a period of 12 months (1/1/25-31/12/25) to work on improvement initiatives within the Institutional Retirement Financial Transformation Team.

This role will primarily focus on improving the flow of data from Pricing to Financial Reporting.

What you'll be doing:

• Leading on a valuation load replacement project.
• Acting as a Prophet SME on the project to improve the flow of data from Pricing to Financial Reporting.
• Initially focussing on Individual Annuity work with colleagues across the business to productionise a new process of converting pricing data to Prophet model point files.
• Expanding the proposed process above to Deferred Annuity business and also “Ab Initio” schemes.
• Participating in the wider Data and Automation team’s work to improve processes within Finance and other departments we work with.
• Helping to develop and implement innovative ways of operating to improve the efficiency of the Institutional Retirement Finance department and reduce manual work.
• Ensuring any new processes produce clear, useful and accessible controls.
• Using these controls to give confidence to stakeholders about the quality of the new processes.

Who we're looking for:

• Qualified Actuary, with experience of the Life Industry
• A strong understanding of / the ability to learn about:- Data processes used to administer insurance business, Modelling software used for actuarial liabilities, Reporting metrics: IFRS and Solvency II, UK Pension Scheme liabilities, Risk and regulatory requirements.
• Strong data manipulation and coding skills (we are open to coding language)
• Good knowledge of Prophet and DCS
• Analytical skills with the ability to review results for reasonableness
• Good communication and interpersonal skills

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   
• 27 days holiday, plus public holidays. 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.