We have a brilliant opportunity for a qualified actuary to join our Longevity Risk Managemtent team here at Legal & General.

Ideally, you will have previous experience in a life office or pensions consulting environment, and will be responsible for the production and communication of pricing, reporting and capital assumptions for longevity for the UK and international retirement (primarily annuities) business.

This role would suit an actuarial professional with an eye for detail, who has the ability to run individual projects independently and communicate effectively to a range of stakeholders.

1. Ensure that the principles of Conduct Risk are embedded into your day to day operations to deliver good customer outcomes at all times. Ensure that all business processes and internal controls within your role are designed and performed in a way that delivers good customer outcomes and demonstrates effective management of Conduct Risk.
2. Development and communication of longevity assumptions, analytics and solutions for the purposes of pricing, reporting and capital. Providing stakeholder information through responsibility for assumption or analytical projects. This work includes both UK and international territories.
   • Analysis and modelling of longevity risk (primarily annuitant base mortality, mortality trend, and spouse demography) ensuring appropriate controls and processes are in place.
   • Develop solutions that are responsive to new information as well as providing long term stability, enabling LGR to meet its financial reporting strategy and manage earnings volatility.
   • Develop, maintain and refine mortality models used within the team.
3. Provide mortality support and development for new initiatives across pricing, reporting and capital as and when required by the business by helping stakeholders define the problem and develop scope of analytical projects, providing useful insight to drive decisions.
4. Provide concise, clear and well communicated summaries of all analysis and present these findings to key stakeholders. Ensure recommendations are approved by the business; ongoing education and informing of stakeholders, contribute to the presentation of proposals to committees. Where required, present at governance committees to achieve sign-off for assumptions proposals.
5. Stay abreast with, and where appropriate contribute to, external longevity risk developments, ensuring that Legal & General’s longevity assumptions remain appropriate. This includes (but is not limited to) the work of CMI sub-committees.
6. Development of appropriate models and tools for the analysis of longevity risk trends and uncertainty. The business solutions developed will use appropriate statistical methodologies to enhance LRT modelling capabilities.
7. Responsibility for the accuracy and completeness of analyses conducted for assigned mortality related projects, and associated reports. This could include, but is not limited to: mortality management information, development of mortality assumptions for UK and international business. Ensure appropriate actuarial controls are in place.
8. Support the wider longevity team by providing technical advice and guidance to colleagues. Ensure cohesive working across the different work strands within the team and sharing of knowledge.
9. Define, develop and deliver a strategy and plan to ensure activities are delivered in line with Legal & General’s Customer Experience and Treating Customers Fairly policy.
10. Line management of junior staff members. Demonstrate effective Leadership Behaviours.

• Qualified actuary with experience in either a life office, reinsurer or pensions consultancy.

Knowledge:

• Experience in a commercial environment. Ideally some longevity experience with knowledge of base and trend mortality and common practices.
• Experience in the specifics of longevity modelling is advantageous.
• Knowledge of the Solvency II framework. Practical experience of model development and the application of statistical methodologies.
• Analysis and reporting of internal and external mortality data sets and understanding impact on mortality and mortality measures (life expectancy, annuity values, capital and reserving impact).
• Knowledge of governance structures and ability to manage stakeholders.
• Understanding of key actuarial concepts relating to mortality, annuities, life table concepts and the methodology employed in mortality experience investigations. Understanding of data mining and predictive modelling in relation to mortality analyses.

Skills:

• Communication – Excellent written, oral and presentation skills to liaise with internal and external stakeholders.
• Analytical – Advanced Excel skills. Knowledge of coding languages such as R, SAS or Emblem would be advantageous. Ability to break down complex problems and systematically solve them.
• Influencing – Ability to understand the tasks required and to persuade managers of the outcome.
• Problem solving & Initiative – Demonstration of application of actuarial techniques, principles and methods to solving both routine and unstructured problems. Put forward ideas, identify and act upon opportunities/ proposals to enhance the performance and contribution of the team and wider department. Able to present and implement independently creative solutions to complex problems.
• 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.
• Management and Teamwork – Ability to manage staff and delegate effectively. Ability to work well with peers, providing peer review to enable delivery of projects in a timely manner. 

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, 27 days' holiday, private medical insurance, performance related bonuses, a variety of share schemes, 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.