We are looking for an Actuarial / Statistical Risk Analyst to  join a newly created development and insight team as part of the UKs leading Individual Protection Pricing business.

We are looking for either an actuarial analyst or someone with a strong statistical/coding background to join a newly created development and insight team as part of the UKs leading Individual Protection Pricing business. We oversee the largest portfolio of Protection business in the UK for an individual insurer; this provides opportunity for the right individual to apply actuarial techniques studied in exams within a real world environment, helping to develop new approaches to setting demographic assumptions. The role will include application of GLM and/or Machine Learning techniques as well as significant use of data manipulation packages with an aim to inform pricing decisions and risk management as well as incorporating proposals within financial reporting.

Actuarial/Technical Duties: -

• Support all areas of the pricing team to help maintain L&G as one of the UK’s leading market providers of Individual Protection products.
• Manage the tasks necessary to enable the pricing actuaries to:

-develop and price new and existing products, by providing pricing expertise and any additional actuarial support as required.

-interpret the results of the experience investigations to develop and refine the pricing and best estimate basis, by employing data analysis and modelling techniques.

-maintain and manage the existing suite of products and assist in the delivery of new projects and initiatives developed within the business unit.

• Assist in the development and integration of a new risk framework to ensure that it meets the necessary requirements.
• Support the pricing actuaries to determine optimal reinsurance arrangements for the protection products.
• Represent the department and establish and maintain contacts within the organisation.

Technical:

• Member of the Institute of Actuaries with between 4 and 12 actuarial exam passes (generous study support package offered if conditions of scheme met)OR
• Degree (masters or above) with significant statistical or data science components.
• Background in assumption setting within a Life Insurance environment advantageous.
• An understanding of Individual Protection products and key issues associated.
• Knowledge of a relevant actuarial/statistical modelling platforms (e.g. Prophet or Emblem) and data manipulation tools (e.g. SAS or R) advantageous.
• Knowledge and understanding of Microsoft Office applications, including the ability to manipulate complex spreadsheets and VBA code.

Interpersonal:

• Effective at planning, organising and managing your own time. Can appropriately prioritise multiple demands, disciplines and functions.
• Able to build relationships with stakeholders and colleagues to support the delivery of key projects on time.
• Understands own work in the wider actuarial and business context, makes judgements (under some guidance) about whether an issue needs to be referred to more senior actuaries.
• Able to work under pressure and meet targets.
• Team player, with demonstrable experience of helping a team to succeed in its goals.
• Put forward ideas, identify & act upon opportunities to enhance the performance of the team.
• Demonstrate professional responsibility and accountability.
• May be required to coach or mentor more junior or less experienced team members.

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, 25 days’ holiday, private medical insurance, discretionary performance related bonuses, paid overtime, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

For more details, please contact Helen Brockbank - Resourcing Lead - helen.brockbank@landg.com