Senior Pricing & Valuation Analyst

About the role

We are looking for a part qualified/qualified Actuary to join our Pricing & Valuation team as a Senior Pricing & Valuation Analyst.

Within this role you will be responsible for the production of valuations for securitised assets; asset stressing; proxy modelling assets/liabilities for capital calculations, deriving investment portfolio metrics and producing the Standard Formula capital requirement. 

You will also gain exposure to a variety of stakeholders both across the Group and externally within this role.

What you’ll be doing

• Supporting the Risk Analytics LTM Lead Technical Change Actuary to create requirements, design and test a new Lifetime Mortgage (LTM) valuation platform to be used by the team in all valuation and stress testing exercises.
• Providing and reviewing monthly lifetime mortgage and securitised asset valuations, asset MI and ALM reports within agreed timescales to support the accurate provision of fund accounting and valuation.
• Working in a team environment to serve as/support the technical subject matter expert for change projects so that team resources are utilised in the most efficient manner and gain a breadth of experience.
• Documenting process flows, including data sources, to exhibit the team’s capabilities through an end-to-end process description.
• Ensuring that appropriate governance and risk mitigation is in place by evaluating and implementing strong data quality controls, including the development and documentation of these procedures to allow reliable and repeatable data collection/usage.
• Supporting adherence to governance standards to maintain and support data integrity and ensure that initiatives are adhered to including; storage of artefacts, traceability, version control and change control.
• Testing new releases of asset models to make sure any changes made and/or any new technical or non-technical developments are fit for purpose.

What we’re looking for

• Strong data sourcing, asset pricing and valuation knowledge with an understanding of how market and asset data will affect valuations.
• General knowledge of a wide range of asset classes covering Credit Fixed Income, Rates and Interest Rate Fixed Income, ABS, Equities and Property.
• Experience and understanding of economic capital calculation in a Solvency II context.
• Strong mathematical/quantitative skills with the proven ability to address and use initiative to deliver solutions to technical and business problems.
• Ability to collaborate with other teams across the Group (e.g. software development team, data management team).
• Strong Microsoft Excel skills, including the use of VBA and/or other actuarial/financial modelling systems, with the ability to troubleshoot models.
• Experience within a life-insurance environment with annuities background or related industry would be beneficial.
• Degree in Actuarial Science, Finance, Maths, Economics, Computer Science or a related discipline would be an advantage.

Benefits

When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.

If you join us, you’ll get access to some great benefits, including private medical insurance, 27 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave. 

You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings. 

About Legal & General

The brand with the brolly is choosing today to change tomorrow. Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet. We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Diversity

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.