We have a brilliant opportunity for a part qualified actuarial student with knowledge of the DB pension scheme market and associated valuation techniques to join us here at Legal & General, specifically in our Collateral and (Re)Insurance Management team.

This is a unique opportunity to join the UK’s largest life insurer, a market leader in UK pension risk transfer and one of Europe’s largest asset managers in an exciting, varied role.

In this role, you will focus on managing arrangements agreed following a DB pensions risk transfer deal. The arrangements require that the team maintain ongoing relationships with numerous reinsurers, and potentially Trustee counterparts, and to provide calculations relating to post-sale pricing, reinsurance, longevity insurance, and collateral arrangements.

You will find in this role that no day is ever the same. There is a brilliant mix of technical, client facing and project management work - this is truly a varied role. The role's accountabilities include:

• support the Actuarial Manager in providing post-sale monitoring and calculations relating to buy-in/out pricing,  reinsurance, longevity insurance and collateral arrangements in a proactive manner;
• help on-board new PRT reinsurance arrangements, including reviewing and feeding in comments to draft contracts and models;
• ensure the highest level of support is provided to internal and external clients including consultants, trustees and reinsurers at all times;
• support, and check the work of, the Operations Analyst in our Collateral and (Re)Insurance Services team; and
• provide actuarial support to projects relevant to the wider PRT new business team.

• part-qualified actuary making good progress with the actuarial exams;
• knowledge of Defined Benefit pension schemes, and associated valuation techniques;
• the ability to work accurately with a high attention to detail;
• strong communication and interpersonal skills; and
• strong time management skills and ability to work to tight deadlines to ensure project delivery.

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.