Find your next role at Legal & General
Actuarial Analyst (Reinsurance Management & Collateral)
London with agile working
Competitive base plus bonus, pension, study support and much more!
2 September 2022
We have an amazing opportunity for a part-qualified actuary (ideally with knowledge of the DB pension scheme market) to join our Collateral and Reinsurance Management team.
This is a unique opportunity to join the UK’s largest life insurer, who is also 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 the arrangements agreed following a DB Pension Risk Transfer (PRT) deal. This will involve maintaining ongoing relationships with numerous reinsurers, and potentially Trustee counterparts, and to provide calculations relating to post-sale pricing, reinsurance, longevity insurance, and collateral arrangements.
- Supporting 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.
- Helping to on-board new PRT reinsurance arrangements, including reviewing, and providing comments to draft contracts and models.
- Providing the highest level of support to internal and external clients including consultants, trustees, and reinsurers.
- Supporting and checking the work of the Operations Analyst in our Collateral and (Re)Insurance Services team.
- Providing actuarial support to projects relevant to the wider PRT new business team.
- Part-qualified actuary who is making good progress with the actuarial exams.
- Knowledge of Defined Benefit Pension schemes, and associated valuation techniques.
- Excellent attention to detail and a high level of accuracy.
- Strong communication and interpersonal skills.
- Strong time management skills with the ability to work to tight deadlines to ensure project delivery.
When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.
If you join us, you’ll get access to some great benefits, including private medical insurance, at least 25 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave.
You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings.
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 part of our rotational program, designed to further develop and enhance your skills, and as part of this program you will be expected to rotate in both of our sites in 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.
The brand with the brolly is choosing today to change tomorrow.
Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.
We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.
We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.
At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.
Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?
About the business area
Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.
Our commitment to Equal Opportunities
Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.
We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.
We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.
We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.
So whoever you are, wherever you are, whatever your story, we'd love to hear from you.
How to find out more
If this opportunity excites you but you’re not sure you meet all the requirements, or you’d like to know a bit more, please contact Jordan Russell at firstname.lastname@example.org (LinkedIn profile: https://www.linkedin.com/in/jordan-russell-70ab89169/).
If you’d like to be considered for this role, please submit your application through our careers website as we’re not accepting email applications.