Development and communication of longevity assumptions, analytics and solutions for the purposes of pricing, reporting or providing stakeholder information, through responsibility for assumption or analytical analysis projects. This work includes both UK and international territories and could include:

Development and communication of longevity assumptions, analytics and solutions for the purposes of pricing, reporting or providing stakeholder information, through responsibility for assumption or analytical analysis projects. This work includes both UK and international territories and could include:

• Developing Base Mortality Predictive models for UK & US Bulk and UK Individual annuitant business to ensure they reflect the specific mortality risk within these markets whilst supporting a competitive price where appropriate.
• Mortality pricing for other international territories to ensure it reflects the specific mortality risk within these markets whilst supporting a competitive price where appropriate.
• Interpreting the results of the mortality analysis to develop and refine the models.
• Development and maintenance of the Socio-Economic Classification profiling systems.
• Analysis and modelling of base mortality and spouse’s demography assumptions for reporting purposes.
• Development of appropriate models and tools for the analysis of longevity risk trends and uncertainty. The business solutions developed will use appropriate statistical methodologies to enhance LRT modelling capabilities.

Support mortality data acquisition, research and analysis to enable Legal & General to further expand into new international annuities.

Provide support to PRT teams on mortality related issues for UK & US transactions, including undertaking large scheme mortality investigations.

Provide mortality support and development for new initiatives across pricing, reporting and capital as and when required by the business.

Stay abreast with, and where appropriate contribute to, external longevity risk developments, ensuring that Legal & General’s longevity assumptions remain appropriate. This includes (but is not limited to) the work of CMI sub-committees.

Qualifications

Qualified Actuary with longevity experience across pricing and reporting. Alternatively, partially qualified with equivalent experience, commercial understanding and technical capabilities to a qualified Actuary.

Knowledge

Understanding of longevity risk products including bulk annuities, retail retirement, longevity swaps etc.

Demographic assumption setting experience in a commercial environment with specific knowledge of base and trend mortality and common practices

Analysis and reporting of internal and external mortality data sets and understanding impact on mortality and mortality measures (life expectancy, annuity values, pricing and capital impact).

Practical experience of predictive modelling and the application of statistical methodologies in relation to mortality analysis and an understanding of data mining would be desirable.

Ability to work and deliver within governance frameworks and manage stakeholders.

Skills

Communication – Excellent written, oral and presentation skills to liaise with internal and external stakeholders.

Problem solving & Initiative – Demonstration of application of actuarial techniques, principles and methods to solving both routine and unstructured problems. Able to present and implement independently creative solutions to complex problems.

Modelling Skills. Advanced Excel skills.  Knowledge of SAS or other statistical package with good programming skills to be able to analyse/manipulate data using these packages would be advantageous.

Planning & Team work – Ability to plan projects for self or a team  and work coherently with peers and contribute to the delivery of data/projects in a timely manner. Motivate and involve others associated with the work team’s performance.

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, 25 days' holiday (plus one day after two years), private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme, your hard work will be rewarded when you join us.

Our view is that this role is suitable for agile working. This means we would consider a more flexible working arrangement, where your hours and work location are managed according to business, customer and personal needs. For this role, you would be based in our London Office, but you could work in other Legal and General offices or at home, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.

For any queries please contact kieran.ives@landg.com.  Please note applications can only be made online via the portal