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- Tasks: Support actuarial systems and processes in our Pension Risk Transfer business.
- Company: Join Legal & General, a leading UK financial services group with a rich history since 1836.
- Benefits: Enjoy a competitive salary, 12% car allowance, generous holidays, and flexible working options.
- Why this job: Make a real impact on customers' financial security while working in a collaborative environment.
- Qualifications: Qualified Actuary with experience in DB Pensions and technical system development preferred.
- Other info: Embrace a culture of inclusivity and career development opportunities.
The predicted salary is between 36000 - 60000 £ per year.
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 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 recruiting for a Systems Actuary to join our multi-award winning Pension Risk Transfer business. We’re offering a competitive base salary, 12% car allowance and a great benefits package as well as the opportunity to provide pivotal actuarial input and support to various systems and processes used within our PRT business. You will be responsible for ensuring the accuracy and efficiency of our systems and working on continually improving these on an iterative basis, so we can continue to provide our customers with great outcomes and retain our position as a market leader in this sector. If you have a passion for technical excellence and a collaborative approach, we would love to hear from you. This role is based from our central Glasgow Office on a hybrid working arrangement.
What you’ll be doing:
- Providing actuarial and technical support to manage calculation changes to the DB onboarding systems and claims calculators
- Leading the planning, design, and delivery of actuarial and calculation changes for these systems
- Mapping existing processes for improvement and presenting alternatives
- Writing technical actuarial specifications for new systems
- Maintaining and developing test/regression packs for system releases and improvements
- Providing PRT scheme, actuarial, calculation, and data expertise to various teams
- Analysing feedback to ensure customer expectations of performance and service are met
- Training and supporting the wider team, helping with their development
Who we’re looking for:
- Qualified Actuary with a good understanding of DB Pensions
- Strong experience in technical system development
- Programming experience preferred (VB, JAVA, C#)
- In-depth understanding of defined benefit pension schemes
- Excellent problem-solving, analytical, and financial skills
- Proven ability to build effective relationships in complex environments
- Strong communication skills with the ability to filter technical information to a non-technical audience and vice versa
- Excellent interpersonal skills with the ability to engage and influence a broad range of individuals
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
- 27 days holiday, plus public holidays. 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 (permanent employees only)
- There are the many discounts we offer – both for our own products and at a range of high street stores and online
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.
Defined Benefit - Systems Actuary employer: Legal & General
Contact Detail:
Legal & General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Defined Benefit - Systems Actuary
✨Tip Number 1
Familiarise yourself with the specific systems and processes used in pension risk transfer. Understanding how these systems operate will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with current or former employees of Legal & General, especially those in actuarial roles. They can provide valuable insights into the company culture and expectations, which can be a great advantage during your application process.
✨Tip Number 3
Brush up on your programming skills, particularly in languages like VB, JAVA, or C#. Being able to showcase your technical abilities in these areas can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss real-world examples of how you've improved systems or processes in previous roles. This will highlight your problem-solving skills and your ability to contribute to the continuous improvement that Legal & General values.
We think you need these skills to ace Defined Benefit - Systems Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as an actuary, particularly your experience with defined benefit pensions and technical system development. Use specific examples that demonstrate your problem-solving skills and ability to work in complex environments.
Craft a Compelling Cover Letter: In your cover letter, express your passion for actuarial work and how it aligns with Legal & General's mission. Mention your programming experience and how it can contribute to improving their systems. Be sure to convey your collaborative approach and commitment to customer outcomes.
Highlight Relevant Skills: When filling out your application, emphasise your analytical skills, communication abilities, and experience in training and supporting teams. These are crucial for the Systems Actuary role and will help you stand out.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is essential in the actuarial field.
How to prepare for a job interview at Legal & General
✨Understand the Role
Make sure you have a solid grasp of what a Systems Actuary does, especially in the context of Defined Benefit pensions. Familiarise yourself with the specific responsibilities mentioned in the job description, such as managing calculation changes and improving systems.
✨Showcase Your Technical Skills
Since programming experience is preferred, be ready to discuss your knowledge of languages like VB, JAVA, or C#. Prepare examples of how you've used these skills in previous roles, particularly in relation to actuarial work or system development.
✨Prepare for Problem-Solving Questions
Expect questions that assess your analytical and problem-solving abilities. Think of scenarios where you've successfully tackled complex issues, especially those related to financial systems or pension schemes, and be ready to explain your thought process.
✨Communicate Effectively
Strong communication skills are crucial for this role. Practice explaining technical concepts in simple terms, as you'll need to engage with both technical and non-technical audiences. Consider preparing a few examples where you've successfully communicated complex information.
