At a Glance
- Tasks: Join our team to analyse and manage pension risk transfer deals.
- Company: Legal & General, a leading UK financial services group.
- Benefits: Competitive salary, actuarial study support, and flexible working options.
- Other info: Inclusive culture with opportunities for collaboration and career growth.
- Why this job: Make a real impact on financial security for retirement while developing your career.
- Qualifications: Part-qualified actuary with knowledge of Defined Benefit pension schemes.
The predicted salary is between 40000 - 50000 € 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.
We’re looking for a motivated and collaborative Actuarial Analyst to join our Collateral & Reinsurance Management team. The Collateral & Reinsurance Management (or CRIM) team sits within our award-winning Pension Risk Transfer Division, and offers a unique opportunity to focus on managing the arrangements agreed following a Pension Risk Transfer (PRT) deal. This will involve maintaining ongoing relationships with reinsurers, and potentially Trustee counterparts, as well as providing calculations relating to post-sale pricing, reinsurance, longevity insurance, and other collateral arrangements. This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office to help you achieve a work-life balance that works for you.
What you’ll be doing:
- Supporting the delivery of post‑sale monitoring and calculations across buy‑ins, buyouts, reinsurance, longevity insurance and collateral arrangements
- Building and maintaining effective working relationships with internal stakeholders, consultants, trustees and reinsurers
- Providing high‑quality actuarial analysis and insight to support post‑transaction pricing activities
- Supporting and reviewing the work of Operations Analysts within the Collateral & Reinsurance Services team
- Contributing proactively to wider PRT New Business project work (alongside BAU)
- Problem solving capabilities, including the ability to apply strong analytical skills and pensions knowledge to resolve issues
- Managing your own time effectively to ensure deadlines are met and work is completed to a high standard
- Upholding our commitment to consistently delivering great customer outcomes
Who we’re looking for:
- Part‑qualified actuary, who is making progress with the IFoA Exams
- Knowledge of Defined Benefit pension schemes and the relevant valuation techniques
- Previous experience working in a pensions consultancy or de‑risking provider environment (highly beneficial)
- Strong communication and interpersonal skills, with the ability to work collaboratively
- Ability to work quickly and accurately while maintaining high quality
- Strong time‑management skills and confidence working to tight deadlines
- A proactive approach to problem‑solving and continuous improvement
- Commitment to acting with integrity and delivering positive outcomes for customers
Benefits:
- Competitive salary & Actuarial study support
- The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
- Life assurance
- 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 for our own products and at a range of high street stores and online
- 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.
Actuarial Analyst - Collateral & Reinsurance Management employer: LegalAndGeneral
Legal & General is an exceptional employer, offering a dynamic work environment in the heart of London where you can thrive as an Actuarial Analyst. With a strong commitment to employee development, competitive benefits including actuarial study support, and a focus on work-life balance through hybrid working options, L&G fosters a culture of inclusivity and collaboration. Join us to contribute to meaningful financial solutions while enjoying opportunities for personal and professional growth in a company dedicated to building a better future.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst - Collateral & Reinsurance Management
✨Tip Number 1
Network like a pro! Reach out to current or former employees at L&G on LinkedIn. Ask them about their experiences and any tips they might have for landing a role in the Collateral & Reinsurance Management team.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Defined Benefit pension schemes. Be ready to discuss how your skills can contribute to post-sale monitoring and calculations, as well as your problem-solving approach.
✨Tip Number 3
Show off your collaborative spirit! During interviews, highlight examples of how you've worked effectively with teams or built relationships with stakeholders. This is key for the role, so make it shine!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, you’ll find all the latest opportunities there, so keep checking back!
We think you need these skills to ace Actuarial Analyst - Collateral & Reinsurance Management
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Actuarial Analyst role. Highlight your experience with Defined Benefit pension schemes and any relevant actuarial exams you've completed. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about joining our Collateral & Reinsurance Management team. Share specific examples of your problem-solving skills and how you’ve worked collaboratively in the past.
Showcase Your Analytical Skills:Since this role involves a lot of analysis, make sure to highlight your analytical skills in your application. Mention any tools or techniques you’ve used in previous roles that demonstrate your ability to deliver high-quality actuarial insights.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll get to explore more about our company culture while you’re at it!
How to prepare for a job interview at LegalAndGeneral
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with complex calculations and data analysis. Brush up on your knowledge of Defined Benefit pension schemes and valuation techniques. Be prepared to discuss how you've applied these skills in previous roles or during your studies.
✨Build Relationships
The role involves maintaining relationships with reinsurers and trustees. Think about examples from your past where you successfully collaborated with stakeholders. Highlight your communication skills and how you can foster effective working relationships.
✨Show Your Problem-Solving Skills
Expect questions that assess your analytical abilities and problem-solving approach. Prepare to discuss specific challenges you've faced in your work or studies and how you resolved them. This will demonstrate your proactive mindset and ability to think critically.
✨Time Management is Key
With tight deadlines in this role, it's crucial to showcase your time management skills. Be ready to share how you prioritise tasks and manage your workload effectively. Consider using examples from your academic or professional experiences to illustrate your ability to meet deadlines without compromising quality.
