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For Companies At a Glance
- Tasks: Support post-sale monitoring and calculations for pension risk transfer deals.
- Company: Join Legal & General, a leading financial services group with a rich history.
- Benefits: Enjoy competitive salary, generous holiday, private medical insurance, and more.
- Why this job: Make a real impact on financial security for retirement while developing your actuarial skills.
- Qualifications: Part Qualified Actuary with experience in pension consultancy preferred.
- Other info: Flexible working options and a culture that values diversity and inclusion.
The predicted salary is between 36000 - 60000 £ per year.
Company Description
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, 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.
Job Description
We are recruiting for a Senior Actuarial Analyst to join the Collateral & Reinsurance Management team within our multi-award winning Pension Risk Transfer (PRT) Division. This is a unique opportunity, where you will focus on managing the arrangements agreed following a DB Pension Risk Transfer (PRT) deal. This will involve maintaining ongoing relationships with numerous reinsurers, and potentially Trustee counterparts, as well as providing calculations relating to post-sale pricing, reinsurance, longevity insurance, and collateral arrangements. This role is available on a hybrid working arrangement, which means you will be able to split your working week flexibly between your home and our London office in Moorgate to help you achieve a work-life balance that works for you.
What you'll be doing:
- Proactively supporting the Actuarial Managers in providing post-sale monitoring and calculations work relating to buy-in/out pricing, reinsurance, longevity insurance and collateral arrangements.
- Helping to on-board new PRT reinsurance arrangements, including reviewing and feeding in comments to draft contracts and models.
- Ensuring that the highest level of support is provided to internal and external clients including consultants, trustees and reinsurers at all times.
- Supporting and checking the work of the Operations Analysts in our Collateral and Reinsurance Services team.
- Providing actuarial support to projects relevant to the wider PRT New Business team.
Qualifications
Who we're looking for:
- Part Qualified Actuary who is making good progress through the IFoA Exams.
- Previous experience working in a pension consultancy environment or for another de-risking provider would be highly preferable.
- Knowledge of Defined Benefit Pension Schemes, and associated valuation techniques.
- Ability to work quickly and accurately, without compromising quality.
- Strong communication and interpersonal skills.
- Strong time management skills and the ability to work to tight deadlines to ensure project delivery.
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.
- 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.
- There are the many discounts we offer - both for our own products and at a range of high street stores and online.
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.
Senior Actuarial Analyst - Collateral & Reinsurance Management employer: LegalAndGeneral
Contact Detail:
LegalAndGeneral Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Analyst - Collateral & Reinsurance Management
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work at companies like Legal & General. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Defined Benefit Pension Schemes and the latest trends in pension risk transfer. We want you to impress with your expertise and show that you're the right fit for the team!
✨Tip Number 3
Don’t just wait for job postings; be proactive! Check out our website regularly and apply directly through it. This shows initiative and can set you apart from other candidates.
✨Tip Number 4
Follow up after interviews with a thank-you email. It’s a simple gesture that keeps you fresh in their minds and shows your enthusiasm for the role. Plus, it’s a great way to reiterate your interest in working with them!
We think you need these skills to ace Senior Actuarial Analyst - Collateral & Reinsurance Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Actuarial Analyst role. Highlight your experience with pension schemes and any relevant actuarial qualifications. 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 this role and how your background makes you a great fit. Don’t forget to mention your understanding of collateral and reinsurance management.
Showcase Your Communication Skills: Strong communication is key in this role, so make sure to demonstrate your interpersonal skills in your application. Whether it’s through examples in your CV or your cover letter, let us know how you’ve effectively communicated complex ideas in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at LegalAndGeneral
✨Know Your Numbers
As a Senior Actuarial Analyst, you'll be dealing with complex calculations and valuations. Brush up on your knowledge of Defined Benefit Pension Schemes and associated valuation techniques. Be prepared to discuss specific examples from your experience where you've successfully applied these skills.
✨Showcase Your Communication Skills
Strong communication is key in this role, especially when liaising with clients, trustees, and reinsurers. Practice explaining complex actuarial concepts in simple terms. You might even want to prepare a few scenarios where you effectively communicated technical information to non-technical stakeholders.
✨Demonstrate Your Time Management Abilities
This position requires working to tight deadlines, so be ready to discuss how you prioritise tasks and manage your time effectively. Think of specific instances where you successfully met deadlines while maintaining high-quality work, and be ready to share those stories.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about the team dynamics, ongoing projects, or the company’s approach to pension risk transfer. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
