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Legal & General

Technical Change Actuary

⛔️ Closed

🇬🇧 UKLondon

⛔️ Closed

1yr ago

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Technical Change Actuary

Your role at a glance

We have a fantastic opportunity for a Qualified Actuary to join our growing Risk Analytics team as a Technical Change Actuary.

In this position you will play a key role in the delivery of the business growth and operational transformation of Legal & General Retirement Institutional (LGRI) and the L&G Group-wide insurance stakeholders whom the team serves - in terms of asset data and related actuarial/financial reporting.

You will also ensure the delivery of assigned initiatives within the Risk Analytics change portfolio by using your awareness of both the business needs and the Risk Analytics processes/systems to facilitate the design, testing and implementation of appropriate solutions.

What you'll be doing

  • Actively developing and maintaining ongoing relationships with all stakeholders/suppliers to ensure change requests are delivered in a timely manner and to an appropriate level. This includes the timely communication of any key issues, risks, assumptions and/or dependencies they should consider or address before `Go Live’
  • Supporting the Risk Analytics Lead Technical Change Actuary in giving guidance to the Risk Analytics team and its customers on the solutions that will best deliver the requested changes to the models/modelling methodologies/reporting processes facilitated by Risk Analytics. Whilst also highlighting any technical limitations of the solutions, their potential impact on desired business outcomes and how this could be mitigated.
  • Ensuring Risk Analytics driven projects and change initiatives deliver their desired outcomes to the agreed budget, timescales, quality and stakeholder priorities. This will be achieved by proactively working with the requesting and delivery teams and any 3rd parties in accordance with the relevant L&G Business/IT Change policies, best practices and governance frameworks, required governance deliverables and by providing actuarial technical steer/input into delivery plans.
  • Ensuring effective solutions are implemented to meet business needs, as agreed with the business requestors by either managing the delivery of/or carrying out elements of the requirements gathering and impact assessment process by using appropriate actuarial analysis techniques/any relevant supporting modelling/other data investigations to produce calculation specifications and acceptance criteria from stakeholders. Including documenting their requirements, developing independent calculation replicating tools, and considering existing asset and other relevant data needs, including from 3rd parties.
  • Acting on behalf of the customer by ensuring sufficient testing and quality evaluation of the deliverables has occurred at all stages of the delivery and development lifecycle to ensure that the end product is fit for purpose, meets the business and IT acceptance criteria, is signed off by all relevant stakeholders as acceptable, and any exceptions to the agreed acceptance criteria are identified to stakeholders for consideration.
  • Managing the smooth, integrated delivery of initiatives and their outcomes into the wider business for them to be able to realise the expected benefits. Achieving this via updates to Risk Analytics BAU operating model documentation, regular ongoing socialisation of the changes and their expected impacts on stakeholder processes. Also by training stakeholders and suppliers to ready them to use any updated software and processes.
  • Ensuring that all business processes and internal controls within your role are designed and performed in a way that delivers good customer outcomes and demonstrates effective management of Conduct Risk.

What we're looking for

  • A qualified Actuary - ideally with post qualification experience from either a life company or consultancy (having additional qualifications such as MSc Finance, CFA would also be beneficial, but is not essential)
  • A Project/Software Development related certification such as: Prince 2 Practitioner, Association of Project Managers (AMP), Agile PM practitioner; ITSQB Test Manager foundation certificate or Business Analysis – e.g., BCS Diploma in Business Analysis modules (again this would be beneficial, but is not essential)
  • A good understanding/working knowledge of: - Insurance Financial reporting processes and metrics such as Economic Capital, Solvency II, IFRS, ALM; Life and Pension products, Bulk and individual annuity products. - Asset valuation and modelling across a variety of asset classes including covering Credit Fixed Income, Rates and Interest Rate Fixed Income, ABS, Equities, Property, Derivatives, Swaps, Equity Release Mortgages, Direct Investments, coupled with knowledge of asset and asset modelling related BAU operations and the necessary attitude towards Live Production systems
  • Hands on experience of programming in languages such as Python, VBA, R, C++
  • Good awareness of the IT technologies and delivery techniques used to build and implement the financial and analytical modelling systems. Including processes used by actuaries/quantitative financial engineers in Insurance organisations, including asset modelling software such as AlgoOne.
  • Excellent communication, collaboration, and interpersonal skills with the ability to influence and steer key stakeholders - including executive managers - into reshaping business problems as solutions that can be solved with available technology or by translating the principles of Business Transformation into business/people change activities and projects.
  • Proven experience of implementing actuarial/risk reporting models and tools, and derivation of new pricing/risk management algorithms and/or supporting software systems development and project delivery life cycles.
  • Experience of working with Business and IT architects, Actuaries, Quantitative/Solution Financial Engineers and IT colleagues to deliver change.
  • Experience of Programme, Project and Change management, including software delivery under Agile and other SDLC approaches.
  • Ability to self-manage, support multiple concurrent projects, balance conflicting strategies, priorities and work in a dynamic environment.


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'll receive a car allowance of 12% of your annual salary, and 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 L&G

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.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

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?

About the business area

Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.  

Our commitment to Equal Opportunities

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.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

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

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