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- Tasks: Support governance and implementation of actuarial methods for policyholder options.
- Company: Join Legal & General, the UK's longest-running insurer, securing retirement benefits since 1987.
- Benefits: Enjoy hybrid working, competitive salary, study support, and generous holiday allowances.
- Why this job: Be part of a multi-award winning team making a real impact on financial security.
- Qualifications: Part-qualified Pensions Actuary with experience in UK Defined Benefit Pension Schemes required.
- Other info: Flexible working options available; we value outcomes over attendance.
The predicted salary is between 43200 - 72000 £ per year.
Senior Actuarial Analyst – Member Options
Senior Actuarial Analyst – Member Options
1 day ago Be among the first 25 applicants
Legal & General Institutional Retirement has secured the retirement benefits of over 700,000 members of defined benefit pension schemes. We are the UK’s longest-running insurer, operating continuously in the UK market from our entrance in 1987.
Our Institutional Retirement division provides Pension Risk Transfer (PRT) solutions for UK and US defined benefit (DB) pension 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.
Legal & General Institutional Retirement has secured the retirement benefits of over 700,000 members of defined benefit pension schemes. We are the UK’s longest-running insurer, operating continuously in the UK market from our entrance in 1987.
Our Institutional Retirement division provides Pension Risk Transfer (PRT) solutions for UK and US defined benefit (DB) pension 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.
Job Description
We’re currently recruiting for aSenior Actuarial Analyst tojoin the newly created Actuarial Policyholder Options team within our multi-award winning PRT Division.
We’re offering a competitive salary, 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\’ benefits for the long-term.
This is a unique opportunity, where you\’ll play a crucial role in supporting the governance and implementation of the actuarial methods and assumptions applicable to policyholder options and ensure that fair value is always provided.
This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate.
What you’ll be doing:
- Assisting in the development of actuarial methods for policyholder option calculations
- Reviewing and validating tools for policyholder option calculations
- Collaborating with colleagues to ensure delivery of system developments
- Conducting regular processes for bespoke implementation of our policyholder options basis
- Checking calculations for non-standard individual cases
- Ensuring pricing of policyholder options delivers fair value to customers
- Working closely with developers, end users, and change professionals
- Specifying and testing developments to member option calculation tools
Qualifications
Who we’re looking for:
- Part-qualified Pensions Actuary
- Experience in applying actuarial principles to UK Defined Benefit Pension Schemes
- Strong knowledge of member options and validation of actuarial systems
- Excellent analytical and problem-solving skills
- Ability to work collaboratively in a team environment
- Effective communication skills
- Detail-oriented with a focus on accuracy
- Proactive and able to manage multiple tasks efficiently
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:
- Participation in our annual performance-related bonus plan and share schemes
- Generous pension contributions
- Life assurance
- Private medical insurance
- 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
- Discounts on a range of L&G products and those of high street stores and online retailers
- Redesigned office spaces enabling collaboration and with your wellbeing at its heart
Additional Information
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.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance
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Senior Actuarial Analyst – Member Options employer: Legal & General
Contact Detail:
Legal & General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Analyst – Member Options
✨Tip Number 1
Familiarise yourself with the latest actuarial methods and assumptions used in policyholder options. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work with defined benefit pension schemes. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've applied analytical and problem-solving skills in previous roles. Being able to articulate your experience will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to work collaboratively by highlighting any team projects you've been involved in. This is crucial for the Senior Actuarial Analyst role, as collaboration is key to delivering effective solutions.
We think you need these skills to ace Senior Actuarial Analyst – Member Options
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial analysis, particularly with UK Defined Benefit Pension Schemes. Emphasise your part-qualified status and any specific skills related to member options.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your analytical skills and experience align with the responsibilities of the Senior Actuarial Analyst position, particularly in developing actuarial methods.
Showcase Problem-Solving Skills: Provide examples in your application that demonstrate your analytical and problem-solving abilities. Highlight situations where you successfully validated actuarial systems or collaborated on system developments.
Highlight Team Collaboration: Since the role involves working closely with developers and colleagues, mention any past experiences where you effectively collaborated in a team environment. This will show your ability to work well with others in achieving common goals.
How to prepare for a job interview at Legal & General
✨Understand the Role
Make sure you have a solid grasp of what a Senior Actuarial Analyst does, especially in relation to member options. Familiarise yourself with the key responsibilities mentioned in the job description, such as developing actuarial methods and validating tools.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've applied your analytical and problem-solving skills in previous roles. Highlight any experience you have with UK Defined Benefit Pension Schemes and how you've contributed to similar projects.
✨Communicate Effectively
Since effective communication is crucial for this role, practice articulating your thoughts clearly. Be ready to explain complex actuarial concepts in simple terms, as you may need to collaborate with colleagues from different backgrounds.
✨Demonstrate Team Collaboration
Be prepared to discuss your experience working in teams. Share examples of how you've collaborated with others to achieve common goals, particularly in a financial or actuarial context, as this will be important in the role.
