Longevity Risk Actuarial Analyst

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. 

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

Are you a part-nearly qualified Actuary looking for a new and challenging role?

If so, we have a fantastic opportunity to join our Longevity Risk Team as an Actuarial Analyst.

Our Longevity Risk team are responsible for providing mortality assumptions (both base mortality and trend) to optimise Pricing, Economic Capital and Valuation assumptions for Legal & General’s Retirement Business (LGRI). 

As a Longevity Risk Actuarial Analyst, you will support the regular mortality analysis to assist with the delivery of LGRI’s strategic objectives, focussing particularly on Solvency II capital modelling, strategic analytics, and year end assumptions for retirement (primarily annuities).

You will also assist in providing population mortality monitoring and expert analysis that can help to drive business decisions which allow us to be reactive to recent developments and further push forward our understanding of mortality trends.

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!

• A part-qualified/student actuary, who is making good progress with their IFoA Exams - Ideally with some previous Life or Pensions experience across pricing, reporting and/or capital.
• Longevity experience/knowledge would highly beneficial but is not essential (specific knowledge of base and trend mortality and common practices being particularly useful)
• Commercial knowledge of longevity risk products including BPA, individual annuities, longevity swaps etc. would be desirable.
• Practical experience of model development and knowledge of the application of statistical methodologies to longevity modelling would be highly beneficial but is not essential.
• Knowledge of Solvency II and setting Solvency II marginal distributions assumptions.
• Actuarial skills for modelling - Including advanced Excel skills (experience with modelling in R would be an even greater advantage)
• Strong problem solving and analytical skills (e.g. the ability to break down the problem into separate components, form judgements, assess risks and develop solutions).
• Good Communication Skills - written, oral and presentation skills.
• Ability to understand the tasks required and to persuade peers and stakeholders of the desired outcome.
• Ability to work flexibly and adapt to the changing demands and conditions within the organisation and market place.

• Competitive Salary
• Full Study Support (including a rotation scheme and incremental increases as you progress further through your exams)
• Holiday Allowance – 25 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 and are available to you from day one.

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.