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- Tasks: Support actuarial systems and improve processes for pension risk transfer.
- Company: Join Legal & General, a leading UK financial services group with a rich history since 1836.
- Benefits: Enjoy hybrid working, competitive salary, generous holidays, and an electric car scheme.
- Why this job: Be part of a collaborative culture that values your growth and well-being while making a social impact.
- Qualifications: Qualified Actuary with experience in DB pensions and technical system development.
- Other info: Flexible working options available; we value outcomes over attendance.
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 have been safeguarding people's financial futures since 1836, striving 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, UK and US life insurance, and 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 since 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 are recruiting for a Systems Actuary to join our multi-award winning Pension Risk Transfer business. We offer 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.
This role is based from our idyllic Hove Office on the South Coast on a hybrid working arrangement, allowing you to split your week between home and the office to find a work-life balance that suits you.
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, with 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)
- Discounts 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, you will be 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.
Service Manager - Legal & General employer: Jobs via eFinancialCareers
Contact Detail:
Jobs via eFinancialCareers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Service Manager - Legal & General
✨Tip Number 1
Familiarise yourself with the specific systems and processes used in Pension Risk Transfer. Understanding how these systems operate will allow you to speak confidently about your ability to improve them during interviews.
✨Tip Number 2
Network with current or former employees of Legal & General, especially those in the actuarial field. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach.
✨Tip Number 3
Brush up on your programming skills, particularly in languages like VB, JAVA, and C#. Being able to demonstrate your technical proficiency will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your problem-solving and analytical skills in detail. Think of specific examples where you've successfully navigated complex issues, as this will resonate well with the interviewers.
We think you need these skills to ace Service Manager - Legal & General
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the requirements of the Service Manager position at Legal & General. Focus on your actuarial qualifications, technical system development experience, and any programming skills you possess.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific aspects of Legal & General's mission and values that resonate with you, and explain how your background makes you a great fit for their team.
Highlight Relevant Achievements: In both your CV and cover letter, include quantifiable achievements from your previous roles. For example, discuss how you improved system efficiency or contributed to successful project outcomes in pension risk transfer.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the financial services sector.
How to prepare for a job interview at Jobs via eFinancialCareers
✨Understand the Role
Make sure you have a solid grasp of what a Systems Actuary does, especially in the context of Pension Risk Transfer. Familiarise yourself with the specific responsibilities mentioned in the job description, such as managing calculation changes and providing actuarial support.
✨Showcase Your Technical Skills
Since programming experience is preferred, be prepared to discuss your knowledge of languages like VB, JAVA, or C#. Bring examples of how you've used these skills in previous roles, particularly in relation to system development or actuarial processes.
✨Prepare for Problem-Solving Questions
Expect questions that assess your analytical and problem-solving abilities. Think of scenarios where you've successfully navigated complex issues, particularly in financial services or pension schemes, and be ready to explain your thought process.
✨Demonstrate Communication Skills
You'll need to convey technical information to non-technical audiences. Prepare examples of how you've effectively communicated complex ideas in the past, and consider how you can tailor your explanations to different stakeholders.
