Pricing 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, in UK and US life insurance, and in UK workplace pensions and retirement income.

Who we are

Our Retail business supports customers throughout their lives, helping them save, plan, protect, and enjoy retirement. We’re a leading provider of retirement and protection solutions, aiming to support our c.12.8 million policyholders and workplace members throughout their lifelong financial journeys.

We focus on helping the customers of today and tomorrow achieve better long-term outcomes. We either talk with them directly or work with intermediaries and employers to meet their needs. We use the latest technology to connect with them quickly, efficiently, and wherever possible in highly personalised ways.

Job Description

Join our DC & Workplace Savings team as a Pricing Actuary and play a key role in shaping pricing strategies that deliver fair value for customers and drive sustainable growth. You’ll work closely with commercial and distribution teams, using your actuarial expertise to influence decisions and optimise outcomes.

What you'll be doing:

• Delivering accurate pricing for new and existing Workplace schemes in line with Group standards and policies.
• Developing and maintaining robust commercial models and pricing strategies that support profitability and growth.
• Supporting wider commercial activities including illustration projections and bespoke pricing requests.
• Preparing and challenging Management Information to optimise end-to-end value for the business.
• Collaborating with Distribution and Pricing teams to ensure strategic alignment in pricing decisions.
• Providing challenge and insight to continuously improve pricing basis and maintain competitive rates.
• Identifying pricing structures that could lead to customer harm and ensuring fair value across cohorts.
• Using data analysis and market insight to guide pricing decisions and respond to regulatory developments.

Qualifications

Who we're looking for:

• Qualified actuary with strong technical and commercial acumen.
• Deep knowledge of actuarial techniques and pension products.
• Advanced analytical skills with experience in data manipulation and interpretation.
• Ability to present complex information in clear, non-technical language.
• Strong stakeholder management and influencing skills across multiple teams.
• Experience leading projects and managing priorities in a dynamic environment.
• Strategic thinker with sound judgement and attention to risk control.
• Flexible and proactive approach with a drive to deliver high-quality outcomes.

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 (permanent employees only).
• At least 25 days holiday, plus public holidays, increasing to 26 days after 2 years’ service. There’s also 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 (permanent employees only).
• Various discounts for our own products and at a range of high street stores and online.

In 2023, some of our workspaces were redesigned. Our offices 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.