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 since 1987, we are the UK’s longest-running insurer. Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider. 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.

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

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)

Qualifications:

• Qualified Pensions Actuary with experience of Pension Risk Transfer/Defined Benefit Pension Schemes
• Excellent communication skills (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

Benefits & Working Arrangements:

• 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 with the option to buy and sell holiday
• Competitive family leave
• Electric car salary sacrifice scheme
• Discounts on products and at various retailers
• Wellbeing-focused workspaces and collaborative spaces

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. We care passionately about outcomes rather than attendance and are open to discussing flexible working options including part-time, term-time and job shares where possible.