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Actuarial Analyst - Collateral & Reinsurance Management
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VN-24272
Permanent
London
Competitive + Study Support, Benefits & Bonus
13 October 2023
We have a fantastic opportunity for a part-qualified actuary to join our CRIM (Collateral and Reinsurance Management) team here at L&G as an Actuarial Analyst.
You will focus on managing the arrangements agreed following a Defined Benefit Pension Risk Transfer (PRT) deal, which involve maintaining ongoing relationships with numerous reinsurers, and potentially Trustee counterparts.
Do you feel like you meet the requirements but require greater flexibility? We’d love to hear from you regardless; we’re open to flexible working arrangements and support hybrid working, so please get in touch!
- Supporting the Actuarial Manager in providing post-sale monitoring and calculations relating to buy-in/out pricing, reinsurance, longevity insurance and collateral arrangements.
- Assisting with the on-boarding of 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 Reinsurance Services team.
- Providing actuarial support to projects relevant to the wider PRT new business team.
- Part-qualified actuary who is making progress with the actuarial exams.
- High 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.
- Knowledge of Defined Benefit Pension schemes, and associated valuation techniques (would be highly advantageous)
- Competitive Salary ranging from circa £34,000 - circa £50,000 (depending on experience)
- Bonus
- Study Support (including a rotation scheme and incremental increases as you progress further through your exams)
- Holiday Allowance – 25 days plus all UK bank holidays
- Pension Contribution – L&G match any personal contributions up to 5% and then provide a further top up of 5%
- Private Medical
- Life Insurance
- Income Protection
- Smart Spending – which gives you access to vouchers/shopping discounts
Please note the above are just a few of the many benefits you will be entitled to when you join L&G from day 1.
About L&G
Established in 1836, we are one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With over £1 trillion in total assets under management, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pensions de-risking, life insurance, workplace pensions and retirement income.
We have also invested over £20 billion in direct investments such as homes, urban regeneration, clean energy and small business finance. Through nearly two centuries of rapid change, we’ve been there, improving the lives of our customers, and building a better society for the long term.
About the business area
We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.
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.
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.
