Actuarial Manager

Your role at a glance:

We have an exciting opportunity for a qualified actuary to join our market-leading Pension Risk Transfer business as an Actuarial Manager.

You will have the opportunity to direct the production of quotations and supporting documentation for pension scheme de-risking activities, while developing and implementing innovative pension scheme de-risking solutions with the support of Directors.

What you'll be doing:

• Providing peer review and sign off of quotations produced by the Pricing & Execution Team & producing the first draft response to “requests for quotations” ensuring they are tailored to the particular client.
• Being considered an expert in the capital and pricing models in order to optimize pricing for schemes.
• Working with Pensions Consultants to understand the target scheme, including any requirements in terms of insurer responses or insurer selection.
• Working creatively throughout the quotation process to provide innovative solutions to both clients and the market that meet the customers’ needs.
• Ensuring all quotes are produced with the highest level of accuracy and in line with Legal & General’s pricing model.
• Showing the ability to propose non-standard assumptions to match the dynamics of a particular scheme and being considered an expert in the capital and pricing models in order to optimize pricing for DB schemes.

What we're looking for:

• Qualified Actuary
• Previous experience working within a Consultancy environment, for a Life Insurer or for another De-risking provider.
• Good knowledge of Defined Benefit Pension Schemes and/or Pricing and Capital Modelling.
• Previous experience of adapting to new projects by the development and implementation of new/non-standard and innovative solutions.
• Strong sales experience and presentation skills.
• Excellent time management and prioritization skills.
• Effective delegation and supervision of complex tasks.
• Project management skills, with a track record of leading and delivering on complex projects within short timescales.

Benefits:

• Competitive Salary ranging from £63,000 - £80,000 (depending on experience)
• Bonus
• Car Allowance – 12% of salary
• Holiday Allowance – 27 days plus all UK bank holidays
• Pension Contribution – L&G match any personal contributions up to 5% and then provide a further top up of 5%
• Private Medical
• Life Insurance
• Income Protection
• Smart Spending – which gives you access to vouchers/shopping discounts

Please note the above are just a few of the many benefits you will be entitled to when you join L&G from day 1.

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.