The role will be to support and assist the Pricing Actuary. The responsibilities of this role are wide ranging and you will be exposed to all areas of pricing, modelling and analytical work

PRINCIPAL ACCOUNTABILITIES

Job Duties

The role will be to support and assist the Pricing Actuary. The responsibilities of this role are wide ranging and you will be exposed to all areas of pricing, modelling and analytical work:

This includes:

• Develop and price new and existing products, by providing pricing expertise and any additional actuarial support as required.
• Interpret the results of the experience investigations and implement the required changes to the pricing basis and actuarial pricing model.
• Help maintain the existing suite of products and assist in the delivery of new projects.
• Monitor and analyse market rates and identify strategies and tactics to improve market share and new business profitability.
• Maintain appropriate documentation supporting the pricing procedures, analyses, decisions, processes and controls.
• Support the Pricing Actuary to determine optimal reinsurance arrangements for the protection products.

Skills required

Qualification:

• Part qualified actuary

Experience and background

• Minimum of 2 to 3 years’ of relevant experience.
• Ideally someone with life insurance background such as pricing and reporting (pricing experience is not necessary but would be useful).
• Experience in using Prophet.
• Must be flexible and enjoy working on a wide range of tasks.
• Strong Excel skills – ability to produce technical calculations using Excel with clear audit trail.
• A good understanding of Protection products and new business reporting metrics.
• Broad all round knowledge and awareness of relevant regulation and seek advice when necessary.

Skills:

• Good IT skills: Prophet, Excel, VBA.
• Must be flexible and ability to multi-task effectively to meet strong demand.
• Strong analytical and problem solving skills.
• Ability to work under pressure, independently and good time management.
• Strong communication skills, both written and oral.
• Team player, with demonstrable experience of helping a team to succeed in its goals.
• Put forward ideas and identify and act upon opportunities to enhance the performance of the team.
• Demonstrate professional responsibility and accountability.

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 22 days’ (with potential to rise to 26 days) holiday, discretionary performance related bonuses, paid overtime, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

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 for a specific location, but to further develop and enhance your skills you may be asked to rotate in future to our other site. Our sites are London and Hove.