Longevity Risk Management Actuary
- Role Type
- £80,000 to 95,000 plus car allowance and benefits
- Closing Date
- Company Info
Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.
- Department Info
With around one million customers, our retail business helps turn customers’ pension savings into lifelong retirement income and our corporate business looks after our defined benefit pension schemes ensuring they are effectively managed to protect against risk and achieve their maximum potential.
We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.
- Job Duties
Responsible for the production and communication of year-end assumptions (to include base mortality, mortality improvement projections and spouse demography assumptions) for longevity for the UK and international retirement (primarily annuities) business.
Contribute to the delivery of strategic analytics, SII capital modelling assumptions and pricing assumptions for longevity for the UK and international retirement (primarily annuities) business
- Skills Required
Typically the jobholder will be a qualified Actuary with 5+ years’ post qualification experience within a Life company/Consultancy.
Technical - Experience in a commercial environment with a longevity background is essential. Longevity experience is required with specific knowledge of base and trend mortality and common practices. Practical experience of model development and the application of statistical methodologies is a must.
Life Insurance Experience - Extensive experience in individual annuities and bulk buyout markets. Extensive commercial knowledge of longevity risk products including bulk, individual, longevity swaps etc..
L&G Knowledge - Knowledge of governance structures, who’s who.
Specific Experience - Thought leadership, provision of advice and solution proposer for the modelling of longevity and longevity uncertainty.
Understanding of key actuarial concepts relating to mortality, annuities, life table concepts and the methodology employed in mortality experience investigations.
Communication – Excellent written, oral and presentation skills to liaise with senior internal and external stakeholders.
Influencing – Ability to understand the tasks required and to persuade managers of the outcome.
Problem solving – Ability to identify problems and suggest solutions. Provide thought and innovative leadership in all areas of longevity.
Planning – Ability to plan projects for self or a team, setting out purpose, objectives, milestones, deliverables, dates etc. Ability to track progress, provide issue resolution and ensure delivery of requirements to quality and within budget.
Documentation – Maintain and drive excellent standards of documentation and audit trails.
Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 30 days' holiday, private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme, your hard work will be rewarded when you join us.
For any queries please contact email@example.com. Please note applications can only be made online via the portal, I cannot accept applications directly via email.