Pricing Actuary

Legal & General Reinsurance is a Bermuda-based specialist life reinsurer. We are the global reinsurance hub of Legal & General Group Plc, a multinational financial services company established in 1836, and we provide life reinsurance solutions to clients in the UK, Europe, the US and Canada.

We’re recruiting for a Pricing Actuary to join us. We’re offering a competitive base salary, great benefits and the opportunity to support on the pricing of all annuity, longevity, and protection / mortality reinsurance business opportunities, including supporting with the writing of Committee and Board papers

What you'll be doing:

• Supporting the pricing of all annuity, longevity, and protection / mortality reinsurance business opportunities.
• Supporting pricing systems and processes including the review of existing systems and the development and implementation of new ones.
• Supporting the team with the writing of Committee and Board papers.
• Supporting relationships with clients, prospects and retrocessionaires in all territories.
• Providing actuarial support to other areas of the business, including contributing to business planning, reporting and ad hoc business requests and projects.
• Coaching others, to achieve and maintain optimal employee engagement.
• Developing and maintaining highly collaborative and effective relationships at all levels within the organization.
• Actively promoting L&G Re’s culture of ownership across the organization and being a role model for L&G's behaviours of being Straightforward, Collaborative and Purposeful.
• Carrying out duties with integrity, purpose and diligence, ensuring that appropriate professional standards are maintained, that the pricing requirements and deadlines are met, that records are maintained appropriately and that the actuarial processes are fit for purpose and meet internal and regulatory requirements.
• Running and maintaining reinsurance contract administration systems and processes to reconcile and process regular client reinsurance premiums and claims for clients.

Who we're looking for:

• An Associate or Fellow Life Actuary.
• A minimum of 5 years’ relevant experience within the re/insurance industry or pension consulting industry, 3 of which must be directly within pricing life/annuity business and/or structuring transactions.
• Demonstrated understanding of technical aspects of external regulatory reporting, capital and solvency requirements and IFRS reporting.
• Demonstrated ability to interpret financial information, identify key issues based on this information and propose controls and measure to address them.
• Ability to design and implement efficient, robust and effective actuarial processes, incorporating and managing appropriate controls.
• Ability to demonstrate strong technical actuarial skills as well as the ability to apply a balanced judgement of risks and the views of others in order to achieve business aims.
• Demonstrated ability to develop effective professional relationships at all levels throughout an organisation, as well as internal stakeholder management.
• Demonstrated ability to act independently, as well as part of a team, and apply sound judgement and pragmatism in order to achieve business aims.
• A keen commercial awareness, as well as a good understanding of the economic, market and regulatory environment in which L&G Re operates.
• Must be very organised, highly efficient and enjoy working in a fast-paced dynamic environment, with the ability to deliver reliable work of a high quality in demanding timescales.