Actuarial Analyst – Pension Risk Transfer Pricing in London

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.

We’re looking for talented Actuarial Analysts/Senior Analysts to join our award-winning Pension Risk Transfer (PRT) Pricing & Execution team. Working in our Pricing & Execution team is an excellent opportunity to deepen your technical pensions knowledge, develop commercial understanding and gain exposure to a fast‑paced, purpose‑driven environment. In this role you’ll play an important part in supporting the delivery of bulk annuity and longevity quotations for pension scheme de-risking activity. You will also have the opportunity to get involved with project work that supports our ongoing commitment to providing innovative and creative de-risking solutions to the market.

If you’re a student actuary, who’s making good progress through the IFoA Exams and have previous Defined Benefit pensions experience, either at another de-risking provider or at a Pension Consultancy – we’d love to hear from you.

What you'll be doing:

• Supporting with the production of bulk annuity and longevity quotations for pension schemes in a timely and proactive manner
• Ensuring quotes are produced with a high level of accuracy and aligned with our pricing models
• Helping to deliver value and volume‑based new business targets for PRT
• Further developing technical pensions and market knowledge to support your ongoing actuarial career progression
• Providing high‑quality support to Managers and Directors across the quotation process
• Working in accordance with established governance frameworks, quality controls and pricing procedures
• Producing initial drafts of responses to requests for quotations and benefit specifications
• Contributing creative and customer‑focused ideas to support innovative pricing and quotation solutions

Who we’re looking for:

• Part‑qualified actuary who is making good progress with actuarial exams
• Experience/Knowledge of Defined Benefit pension schemes, pricing or capital modelling
• Previous experience with actuarial modelling in consultancy, insurance or de‑risking environments (highly desirable)
• Ability to work quickly, accurately and with strong attention to detail
• Strong verbal and written interpersonal and communication skills, with a collaborative approach
• Strong organisational and time‑management skills, including the ability to balance multiple priorities
• Experience contributing to project or deal‑based work (desirable)
• A proactive mindset with curiosity, problem‑solving skills and a commitment to learning

Benefits:

• Competitive salary & full study support
• 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 to hire a brand-new electric car through tax efficient salary sacrifice
• Discounts on our products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK

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.