Actuarial Manager - Pension Risk Transfer Pricing

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VN-25481

Permanent

London

Competitive + 12% Car Allowance, Benefits & Bonus

31 July 2023

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We have an exciting opportunity for a qualified actuary to join our market-leading Pension Risk Transfer business as an Actuarial Manager.

You will have the opportunity in directing the production of quotations and supporting documentation for pension scheme de risking activities, while developing and implementing innovative pension scheme de-risking solutions with the support of Directors.

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!

  • Providing peer review and sign off of quotations produced by the Pricing & Execution Team & producing the first draft response to “requests for quotations” ensuring they are tailored to the particular client.
  • Be considered an expert in the capital and pricing models in order to optimise pricing for schemes. 
  • Working with Pensions Consultants to understand the target scheme, including any requirements in terms of insurer responses or insurer selection.
  • Working creatively throughout the quotation process to provide innovative solutions to both clients and the market that meet the customers’ needs.
  • Ensure all quotes are produced with the highest level of accuracy and in line with Legal & General’s pricing model.
  • Showing the ability to propose non-standard assumptions to match the dynamics of a particular scheme and being considered an expert in the capital and pricing models in order to optimise pricing for DB schemes.
  • Qualified Actuary
  • Previous experience working within a Consultancy environment, for a Life Insurer or for another De-risking provider.
  • Good knowledge of Defined Benefit Pension Schemes and/or Pricing and Capital Modelling.
  • Previous experience of adapting to new projects by the development and implementation of new/non-standard and innovative solutions.
  • Strong sales experience and presentation skills.
  • Excellent time management and prioritisation skills
  • Effective delegation and supervision of complex tasks.
  • Project management skills, with a track record of leading and delivering on complex projects within short timescales.
  • Competitive Salary ranging from £63,000 - £80,000 (depending on experience)
  • Bonus
  • Car Allowance – 12% of salary
  • Holiday Allowance – 27 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.

Wide-ranging opportunities 

Our “One L&G” ethos means you’ll be part of a truly ambitious global business. Members of our team regularly support Legal & General Retirement America and Legal & General Reinsurance. In recent years we’ve offered numerous secondment opportunities in both our New York and Bermuda offices.

We have a strong relationship with our colleagues in LGIM, the UK’s largest asset manager and LGC, our alternative assets platform, who invest society’s capital for society’s benefit, creating jobs, transforming communities, and changing lives.

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

Our multi-award-winning Pension Risk Transfer business helps the trustees of defined benefit pension schemes and their sponsoring companies to secure their member’s benefits and settle their pension obligations through buyouts and other insurance solutions (known as bulk annuities). In the last five years alone, we have secured over £30 billion of pension liabilities, protecting the retirement income of over 100,000 people. 

We work with companies and pension scheme trustees to help them honour their DB pension promises to their employees. We do this through insurance transactions called bulk annuities (buy-ins and buyouts), which enable pension trustees to secure their scheme members’ benefits with us and therefore:

  • help companies to settle their pension liabilities so that they can focus on growing their businesses,
  • increase the financial security of their members and help to support them in retirement,
  • provide capital for us to invest for the long term to back our pension commitments.​​​​​​​​​​​​​

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.

Across our Group, we run a multi award-winning Diversity and Inclusion (D&I) programme that actively champions equality in all its forms. Our D&I programme offers opportunities for colleagues to get involved and help drive meaningful change

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.

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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

Our multi-award-winning Pension Risk Transfer business helps the trustees of defined benefit pension schemes and their sponsoring companies to secure their member’s benefits and settle their pension obligations through buyouts and other insurance solutions (known as bulk annuities). In the last five years alone, we have secured over £30 billion of pension liabilities, protecting the retirement income of over 100,000 people. 

We work with companies and pension scheme trustees to help them honour their DB pension promises to their employees. We do this through insurance transactions called bulk annuities (buy-ins and buyouts), which enable pension trustees to secure their scheme members’ benefits with us and therefore:

  • help companies to settle their pension liabilities so that they can focus on growing their businesses,
  • increase the financial security of their members and help to support them in retirement,
  • provide capital for us to invest for the long term to back our pension commitments.​​​​​​​​​​​​​

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.

Across our Group, we run a multi award-winning Diversity and Inclusion (D&I) programme that actively champions equality in all its forms. Our D&I programme offers opportunities for colleagues to get involved and help drive meaningful change

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.