Head of Actuarial System Development

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 settle their pension liabilities, and enable investment for the long term to back our pension promises.

Job Description

We’re looking for a visionary leader to shape the future of actuarial systems at Legal & General. As Head of Actuarial System Development, you’ll be at the forefront of innovation, driving the design and delivery of scalable, compliant, and cutting-edge actuarial tools that support our pension risk transfer business.

This is a unique opportunity to lead a talented team and collaborate across functions to deliver outstanding customer and business outcomes.

What you’ll be doing:

• Defining and leading the actuarial development strategy, ensuring alignment with business objectives, regulatory requirements, and technological advancements.
• Overseeing the design, build, and enhancement of actuarial models and systems, ensuring they are fit-for-purpose, scalable, and compliant with internal and external standards.
• Partnering with other members of the product function as well as IT, Client Servicing, Finance, and Risk teams to ensure actuarial solutions are integrated effectively across the organisation.
• Leading and developing a high-performing actuarial development team, fostering a culture of innovation, accountability, and continuous improvement.
• Establishing and maintaining governance frameworks for actuarial development, including model validation, documentation standards, and peer review processes.
• Reviewing the performance of products and the service provided to customers to ensure that expected and acceptable standards are achieved.
• Ensuring any system or process changes that impact customer journeys have been reviewed by business stakeholders to determine the impact of the changes on the delivery of customer outcomes.
• Taking the lead in all matters with regard to the management of employees, ensuring that management discretion is used consistently and that the area follows the Group’s policies and procedures.

Qualifications

Who we’re looking for:

• Expert knowledge of Defined Benefit pensions.
• Expert knowledge in C#, Python, or other relevant languages.
• Understanding of IT infrastructure systems and services in complex environments.
• Experience working in Agile delivery teams and using tools such as JIRA, Confluence, or similar.
• It’s essential that you are a Qualified Actuary.
• It would also be useful if you had any of the following qualifications: Product Owner, Professional Scrum Product Owner (PSPO), Certified Scrum Product Owner (CSPO), or relevant experience.

Benefits

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you.

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
• Generous pension contribution.
• Life assurance.
• Healthcare Plan (permanent employees only).
• At least 25 days holiday, plus public holidays, increasing to 26 days after 2 years’ service.
• 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 (permanent employees only).
• Discounts for our own products and at a range of high street stores and online.
• Redesigned workspaces that promote connection and collaboration with wellbeing at the heart.

Additional Information

At L&G, we believe it's possible to generate positive returns 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.

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.