Process Improvement Actuary

Legal & General (L&G) is a leading UK financial services group and major global investor. 

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. 

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. 

L&G Institutional Retirement 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 business is the UK’s longest-serving active bulk annuity provider.

Who we are 

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023. 

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

We are seeking a talented and motivated Process Improvement Actuary to join our Pension Risk Transfer (PRT) division.

As a Process Improvement Actuary you will play a pivotal role in enhancing the efficiency of our technical tools and processes, to ensure that we continue to deliver an exceptional service to our clients. If you are passionate about computational efficiency and want to be part of a team that values innovation, collaboration, and continuous improvement we would love to hear from you.

This is a hybrid working opportunity which means you can split your time between working from home and our London Office, to find a work life balance that works for you within a role that offers great flexibility.

Please Note – whilst this role has been advertised as Full Time, we are open to and supportive of more Flexible Working Patterns if required.

What you'll be doing:

• Identifying and improving current processes for computational efficiency and mathematical accuracy
• Mapping existing processes and recommending process improvements or viable alternatives as appropriate
• Collaborating with the development team to refine and implement any process improvements
• Supporting end users of these processes/tools, including communication and training as well as any additional support (as required)
• Maintaining and developing test and regression packs to ensure robust tool releases
• Working closely with the Platform and Processes team to ensure consistency with strategic technologies
• Assisting with ad-hoc exercises to meet various risk framework requirements
• Supporting the PRT Pricing and Client Services Teams in testing pricing developments and completing regular tasks (as required)

Who we're looking for:

• Qualified Pensions Actuary with experience of Pension Risk Transfer/Defined Benefit Pension Schemes
• Excellent communication skills (both verbal and written) and the ability to work in an agile team
• Good programming/coding experience (e.g., C#, C++, Python, R)
• Familiarity with cloud services (e.g., Azure) and databases (e.g., SQL) (preferred but not required)
• Strong analytical and problem-solving skills, with the ability to think of innovative solutions to problems
• Flexibility and adaptability to change
• Strong knowledge of financial models, and ideally insurance/pension pricing
• Proficiency in business test capability and user story definition

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
• Healthcare Plan
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. 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

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive 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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.