Senior Actuarial Analyst - Pension Risk Transfer Pricing

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 currently recruiting for a Senior Actuarial Analyst to join our multi-award-winning team who are responsible for the pricing and execution of pension de-risking transactions.

We’re offering a competitive salary, full study support and a host of other great benefits as well as the opportunity to work for the most decorated insurer in the PRT market - who are widely viewed as the gold standard for protecting members' benefit promises for the long-term.

This opportunity would be ideal for someone with existing knowledge of Defined Benefit Pension Schemes and/or experience working at a Pension Consultancy or another Life Insurer; however, we are open to candidates from other backgrounds as well.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate to help achieve a work-life balance which suits you.

What you'll be doing:

• Supervising Actuarial Analysts in providing bulk annuity and longevity quotes to pension schemes in a timely, efficient, and proactive manner ensuring that the highest level of support is provided to the Pricing Managers and Directors at all times.
• Supervising and reviewing quotations produced by Actuarial Analysts whilst seeking support from Pricing Managers or Directors for more complex or larger transactions
• Ensuring all quotes are produced with the highest level of accuracy and within Legal & General’s pricing model & over time ​be considered an expert in the use of capital and pricing models within quote production.
• Ensuring quality and governance remains of paramount importance throughout the quotes process.
• Supporting the Pricing Manager or Director in producing governance documentation and the first draft of the response to “requests for quotations” and benefit specifications.
• Working creatively throughout the quotation process to provide innovative solutions to both clients and the market that meet customers’ needs.

Who we're looking for:

• Part Qualified Actuary who is making good progress through the IFoA Exams.
• Previous actuarial modelling experience through working in a pension consultancy environment, for a life insurer or for another de-risking provider.
• Knowledge of Defined Benefit Pension Schemes or pricing and capital modelling.
• Previous experience of being part of a project/deal-based team, including delegation to more junior team members (is highly desirable)
• Ability to work quickly and accurately, without compromising quality.
• Strong communication and interpersonal skills.
• Strong project management and time management 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   
• Private medical insurance (permanent employees only) 
• 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 

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.