Actuarial Graduate Program 2022

VN-20874

Apprenticeship - Permanent

London, Hove

from £30,000 + excellent benefits + bonus

9 December 2021

Are you looking for a graduate role that is technically challenging? Do you want a future that allows you to develop commercial acumen alongside your technical skills? Are you keen to have the opportunity to progress in a breadth of roles – technical or business?

We are looking for graduates who can answer “yes” to the above for our 2022 Actuarial Graduate Program. If you are successful you will join Legal & General’s well-regarded actuarial community, which plays a pivotal role in our continued success.

Actuarial work is central to ensuring a profitable, well run insurance business and your work will support the success of a FTSE 100 company. Our actuaries work throughout the business measuring, predicting and managing areas of the business with the aim of giving its customers ‘value for money’. Every 18-24 months you will rotate through a number of different business areas, developing your professional network and expanding on your quantitative and qualitative skills whilst you study towards professional qualification.

If you are successful you will join one of the actuarial teams and depending on what team you join you could be involved in:

  • Performing actuarial investigations and calculations to produce profitability information and management reports for our products.
  • Managing the production of regular experience investigations for our products in order to understand the impact of changes in mortality, morbidity, expenses and persistency.
  • Delivering the company and statutory financial reporting results to tight deadlines, including the supporting commentary.
  • Collecting and analysing market data to provide insight and aide the pricing actuaries in setting insurance prices.
  • Summarising performance of insurance products to present to senior management to aid in decision making.
  • Support the actuaries in product developments, commercial deals and pricing innovations.

First and foremost, we are looking for people with an inquisitive mind and a desire to learn. We’re not expecting prior industry experience, but we’ll want to see that you have the tools to develop quickly. These include:

  • 2:1 degree - this can be in any subject
  • Analytical mind-set, with a high level of numeracy
  • Great communication skills
  • Flexible and a team-player
  • High levels of energy, dynamism and commitment
  • Highly organised with the ability to prioritise effectively

Please note, we can only accept 1 application per person across all of our graduate programs. Therefore, please think carefully about the program you intend to apply for. Your first application will be considered as your only application. 

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.

Legal & General runs a highly regarded Actuarial Rotations Programme for students, which you will be a part of. The role you are applying to is for a specific location, but to further develop and enhance your skills you may be asked to rotate in future to our other site. Our sites are London and Hove.  

For internal candidates, please note that your application will be shared with the L&G Chief Tutor. This is your name only and for rotation purposes.

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Our rotational programme means that you could be working in any of our divisions which include Group, Legal & General Insurance (LGI), Legal & General Retirement Institutional (LGRI), Legal & General Retail Retirement (LGRR) and Legal & General Capital (LGC). Wherever you are placed you will be delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

Bringing out the best in you

We believe that good businesses are built on doing the right thing and strive to do what is best for both our people and our customers. This means, enabling you to bring your best self to work by giving you what you need, when you need it.

This is why we have designed a process that puts you in control, because we recognise your time is valuable. At each step, make sure you take time to pause and reflect before progressing to the next, as each subsequent step will ask for a bit more of your time. 

We want you to feel comfortable that this process is as fair and inclusive as possible, so please let us know if you need an accommodation for any disability.

At each step we will give more information and clear instructions on what actions you need to take. You will be screened at each of these steps. In brief our recruitment process will include:

The application for this role is as follows: complete our online application including uploading your CV, online testing (Situational Judgement and General Ability), a recorded video interview, and an assessment centre (line manager interview, a presentation, a group exercise).

Please note that we work with an external company, SHL, to process all online tests and video interviews. By submitting your application you are agreeing for your personal information (name and email) to be securely sent to them. If you have any questions about this information transfer then please email futuretalentrecruitment@landg.com before applying for the role. 

For any queries please contact futuretalentrecruitment@landg.com. Please note we are unable to accept any email applications. 

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Our rotational programme means that you could be working in any of our divisions which include Group, Legal & General Insurance (LGI), Legal & General Retirement Institutional (LGRI), Legal & General Retail Retirement (LGRR) and Legal & General Capital (LGC). Wherever you are placed you will be delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

Bringing out the best in you

We believe that good businesses are built on doing the right thing and strive to do what is best for both our people and our customers. This means, enabling you to bring your best self to work by giving you what you need, when you need it.

This is why we have designed a process that puts you in control, because we recognise your time is valuable. At each step, make sure you take time to pause and reflect before progressing to the next, as each subsequent step will ask for a bit more of your time. 

We want you to feel comfortable that this process is as fair and inclusive as possible, so please let us know if you need an accommodation for any disability.

At each step we will give more information and clear instructions on what actions you need to take. You will be screened at each of these steps. In brief our recruitment process will include:

The application for this role is as follows: complete our online application including uploading your CV, online testing (Situational Judgement and General Ability), a recorded video interview, and an assessment centre (line manager interview, a presentation, a group exercise).

Please note that we work with an external company, SHL, to process all online tests and video interviews. By submitting your application you are agreeing for your personal information (name and email) to be securely sent to them. If you have any questions about this information transfer then please email futuretalentrecruitment@landg.com before applying for the role. 

For any queries please contact futuretalentrecruitment@landg.com. Please note we are unable to accept any email applications.