Systems Actuary

Company Description

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, UK and US life insurance, and 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. Operating continuously in the UK market since our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes, and their advisors to help them secure and protect scheme members’ retirement benefits.

Joining us means you’ll support customers’ financial security in retirement, help companies to settle their pension liabilities, and enable investment for the long term to back our pension promises.

Job Description

We’re recruiting for a Systems Actuary to join our multi-award winning Pension Risk Transfer business. We’re offering a competitive base salary, 12% car allowance, and a great benefits package.

This role provides pivotal actuarial input and support to various systems and processes used within our PRT business. You will be responsible for ensuring the accuracy and efficiency of our systems and working on continually improving these on an iterative basis.

If you have a passion for technical excellence and a collaborative approach, we would love to hear from you. This role is based from our central Glasgow Office on a hybrid working arrangement, allowing you to split your week between home and the office.

What you'll be doing:

• Providing actuarial and technical support to manage calculation changes to the DB onboarding systems and claims calculators.
• Leading the planning, design, and delivery of actuarial and calculation changes for these systems.
• Mapping existing processes for improvement and presenting alternatives.
• Writing technical actuarial specifications for new systems.
• Maintaining and developing test/regression packs for system releases and improvements.
• Providing PRT scheme, actuarial, calculation, and data expertise to various teams.
• Analysing feedback to ensure customer expectations of performance and service are met.
• Training and supporting the wider team, helping with their development.

Qualifications

Who we're looking for:

• Qualified Actuary with a good understanding of DB administration.
• Strong experience in technical system development.
• Programming experience preferred (VB, JAVA, C#).
• In-depth understanding of defined benefit pension schemes.
• Excellent problem-solving, analytical, and financial skills.
• Proven ability to build effective relationships in complex environments.
• Strong communication skills with the ability to filter technical information for a non-technical audience and vice versa.
• Excellent interpersonal skills with the ability to engage and influence a broad range of individuals.

Benefits

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.
• Healthcare Plan.
• 27 days holiday, plus public holidays, with 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.
• Many discounts for our own products and at a range of high street stores and online.
• Our redesigned workspaces are great spaces to connect and collaborate, with wellbeing at the heart.

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, you will be empowered through initiatives that 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.

Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential, and connection to our purpose.