Head of Longevity

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. 

Are you an engaging people leader, with good knowledge of longevity risk products including bulk purchase annuities, individual annuities and longevity swaps?

Do you understand the methodologies and life table concepts used in the calculation of mortality experience investigations? 

If you answered yes to both of the above questions, then you might be interested in the Head of Longevity role that we currently have available here at L&G.

In this role you will lead on the production of all aspects of longevity risk assumptions for the purpose of pricing, financial accounting, reinsurance, product design and regulatory and economic capital.

You will deliver current and projected mortality assumptions for both front and back book UK and International business across all metrics (financial reporting, pricing, solvency, EC), develop and execute plans and controls to improve the management of Longevity Risk and assess uncertainty associated with proposed mortality assumptions for use in EC/SCR calibrations and earnings volatility measurement.

As well as innovating and developing new approaches, intellectual property and longevity modelling capabilities to allow us to be competitive in our chosen markets. This will include embedding new techniques and knowledge into longevity risk processes to enable competitive advantage to be gained from risk selection.

You will also manage and develop a multi-disciplinary team (actuarial, statistical and data science) to ensure that key accountabilities are met and business objectives are consistently achieved.

This is a hybrid working opportunity based from our London Offices in Moorgate, which will allow you to work flexibly between your home and the office to find a work/life balance that works for you.

• Qualified Actuary with significant post qualification experience within a life company/consultancy.
• Knowledge of longevity risk products including bulk purchase annuities, individual annuities, longevity swaps etc.
• Experience of using, or preferably developing, mortality assumptions for use with annuities.
• Knowledge of governance structures & LGR liability exposures.
• Advanced actuarial skills to lead modelling and stochastic forecasting. 
• Understanding of key actuarial concepts relating to annuities, life table concepts and the methodologies used in the calculation of mortality experience investigations

• Competitive Salary
• 12% Car Allowance
• Holiday Allowance – 30 days plus all UK bank holidays
• Pension Contribution – L&G match any personal contributions up to 5% and provide a further contribution of 10% per month
• Private Medical Insurance
• Life Insurance
• Income Protection
• As well as access to a host of further Optional Benefits upon joining L&G

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.