We are looking for a qualified actuary to join our Retirement Division as a Longevity Risk Management Actuary.

In this role you will be responsible for driving and developing key changes to our pricing, reporting and longevity assumptions.

You will also take the lead on various projects pertaining to further longevity risk solutions and have the freedom & autonomy to spend time focussing on this value-add work alongside the BAU elements of the role.

Reporting directly into our Head of Longevity, this role will give you great exposure across Legal & General (both here in the UK as well as in the US and Bermuda Offices) and is a great opportunity for a commercially aware individual who is looking to take that next step in their career. 

This is a hybrid working opportunity based from our London Offices and we would welcome applications from both Full- & Part-Time workers.

• Developing/Improving mortality assumptions for: pricing, year-end reporting and capital requirement purposes for both annuities & lifetime mortgages and leading the communication of these changes to relevant stakeholders across the business.
• Taking core responsibility for the accuracy and completeness of analyses conducted for assigned mortality related projects, and associated reporting. This could include but is not limited to mortality management information and development of mortality assumptions for both UK and international business.
• Providing relevant longevity information/responding to queries from various internal and external stakeholders, primarily L&G Retirement (Finance, Capital, Pricing), Group Capital, external consultancies (who are providing review) and regulators (such as the PRA).
• Taking responsibility for the effective line management and personal development of team members.
• Leading a team of Longevity Risk Actuarial Analysts in the analysis and modelling of longevity risk, ensuring that appropriate controls and processes are in place. 
• Defining, developing and delivering a strategy/plan to ensure that activities are delivered in line with Legal & General’s Customer Experience and Treating Customers Fairly policy.
• Ensuring that all recommendations/changes to assumptions are approved by the business, including presenting these proposals to relevant governance committees (as applicable) to achieve appropriate sign-off.
• Ensuring that the principles of Conduct Risk are embedded into daily operations (including processes and internal controls) to ensure the delivery of good customer outcomes and effective Conduct Risk management at all times.

• A qualified actuary with demonstrable post qualification experience in a commercial environment (e.g., a Life Company or Pensions Consultancy).   
• Practical knowledge of Solvency II framework, model development and the application of statistical methodologies.
• Previous longevity experience including knowledge of base and trend mortality & common practices (is highly preferrable)
• Commercial knowledge/experience of longevity risk products including Bulk Purchase Annuities, individual annuities, longevity swaps, etc. (is highly preferrable)
• A good understanding of key actuarial concepts relating to mortality, annuities, life table concepts and the methodology employed in mortality experience investigations (is highly preferrable)
• Thought leadership, provision of advice and solution proposer for the modelling of longevity and longevity uncertainty.

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, 30 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You'll receive a car allowance of 12% of your annual salary, and 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.