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Legal & General

Actuarial Analyst (Annuity Pricing)

⛔️ Closed

🇬🇧 UKLondon

⛔️ Closed

8mo ago

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Legal & General

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Actuarial Analyst (Annuity Pricing)

Your role at a glance

We have a fantastic opportunity available for a student actuary to join the Individual Annuity Pricing team in Legal & General Retail Retirement (LGR) as an Actuarial Analyst.

In this role, you will be joining the team who are responsible for setting Individual Annuity rates within the market and ensuring that the division meets its business goals.

You will assist, under the guidance of more senior team members, with the production of pricing rates, capital model runs/developments, the monitoring of business performance and the production of relevant MI.

If you have existing knowledge/experience of product pricing, annuity modelling and/or capital modelling this would be highly advantageous but is not a pre-requisite for the role.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate to help achieve a work-life balance which suits you.

What you'll be doing

  • Carrying out, test and review calculations in response to rate change mapping and producing relevant analysis and MI within appropriate timescales.
  • Monitoring L&G’s competitive position with key distribution partners and in the wider market.
  • Delivering and communicating ad-hoc pricing analysis quickly and accurately.
  • Monitoring, running and developing L&G’s Retail Annuity product profitability on a regular basis and communicating the position to senior management.
  • Supporting and testing the implementation of Retail Annuity rate changes and carrying out related activities as required.
  • Supporting the wider team as required with running regular pricing maintenance and processes.
  • Suggesting and implementing process improvements, controls, and maintaining relevant documentation.

What we're looking for

  • A part-qualified actuary who has begun to make progress with the IFoA Exams (or equivalent).
  • At least a basic knowledge of LGR products and pricing principles.
  • Strong knowledge of Microsoft Excel and Office, with basic VBA/SQL/Python/R knowledge preferred.
  • Knowledge of annuity modelling and capital modelling is highly advantageous
  • A good knowledge of processing data and producing Management Information.
  • Excellent personal planning and organisation skills, with the ability to take ownership and responsibility for work and processes, and deliver these to tight timescales.
  • Ability to question results for reasonableness and refer to more experienced staff where appropriate.
  • Initiative in applying problem solving and analytical skills.
  • The ability to communicate clearly with stakeholders both within and outside the team.
  • Ability to draft and maintain process documentation.


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, at least 25 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.

Legal & General runs a highly regarded Actuarial Rotations Programme for students, which you will be a part of. The role you are applying to is part of our rotational program, designed to further develop and enhance your skills, and as part of this program you will be expected to rotate in both of our sites in London and Hove. 

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

Life can sometimes be unpredictable, and it pays to plan ahead. Our aim at Legal & General Retail is to help our customers plan for the unexpected, achieve financial security for their tomorrow, and protect everything that’s important to them. To better understand our customers and meet their needs, we’ve brought our protection, retirement income, savings, lending and advice, fintech and mortgage businesses under one umbrella. Created at the start of 2022 through the merging of our long-standing and trusted retail retirement and insurance businesses, we’re a fast-growing division with big, customer-centered ambitions. 

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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⛔️ Legal & General are no longer taking applications for this job.

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