Process Improvement Actuary

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VN-23968

Permanent

London or Hove

Competitive + Benefits

9 December 2022

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We are looking for a Process Improvement Actuary to join our Retirement Division. 

This role would be ideal for someone with hands on experience in C#, C++, Python (or other equivalent programming languages) who enjoys project & collaboration work.

In this role you will be responsible for improving the current technical tools that are used within the Pension Risk Transfer (PRT) business from an efficiency perspective. 

The main focus is on increasing the computational efficiency of tools and processes across the Pricing and Execution Team; including New Business Pricing and Business Services. You will be able understand and elicit the detailed business requirements and have the skills and expertise to articulate the business logic and calculations.

By working in partnership with the developers you will ensure that EUCS are replaced wherever possible, and will be able to develop, often in partnership with the developers, viable, efficient and scalable alternatives through a variety of computational languages and approaches, as appropriate.

You will also be part of an existing continuous delivery team (CDM); which champions partnership thinking, continuous delivery practices and plays a key role in working across teams to ensure consistency in approach and timeliness of updates within L&G Retirement.

  • Working closely with the new business pricing team to identify current processes which can be improved, either from a computational efficiency or mathematical perspective.
  • Mapping existing processes which are possible subjects for improvement and to postulate alternatives. Working with the development team where necessary to refine those recommendations into planned improvement processes.
  • Supporting the end users of PRT pricing tools, including assisting with communication/training for and providing desktop support for specific queries.
  • Maintaining and developing an appropriate test/regression pack to ensure good code coverage and robustness of the review process for tool releases.
  • Working closely with the wider Platform and Processes team and developers to ensure that on-desk tool developments are consistent and compatible with the direction of travel for other strategic technologies.   
  • Assisting ad-hoc exercises on behalf of the Pricing Team to meet the requirements of various risk frameworks (e.g. MRCF, GDPR, Internal Audit ‘Spotlights’, etc)
  • Supporting the Pricing Team in the testing of selected pricing developments and completion of other regular tasks as appropriate.
  • Considering the needs of the particular target markets for products and tailor the service proposition to meet those needs effectively.
  • A qualified actuary, or similar relevant experience in developing Insurance/Financial models or Pricing models.
  • Programming experience is essential - Languages including, but not limited to C#, C++, Python & R.
  • Experience with cloud services (e.g. Azure or AWS) and databases (e.g. SQL) is preferred.
  • An understanding of occupational pensions or the bulk annuity market (is highly advantageous, but not a requirement)
  • Business Test Capability.
  • User Story Definition – being able to clearly express and articulate detailed logical business specifications, along with acceptance criteria.
  • Ability to clearly communicate and work closely as part of an agile team.

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, 27 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. 

About L&G

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 jordan.russell@landg.com (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.

Back to search

About L&G

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 jordan.russell@landg.com (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.