- Contract Type
- Full Time
- Role Type
- London or Hove dependent on preference
- £35,000 to £42,000
- Closing Date
- Company Info
We take pride in being there for our customers. We help them deal with whatever life has in store and support them in achieving financial security; and that’s thanks to the talented and dedicated people who work with us. For us, ‘social responsibility’ is not just a buzzword. It defines us and runs through everything we do for our customers and as an employer. And working with us, you’ll get a competitive reward package and have the flexibility and autonomy to deliver your personal, business and career goals.
- Department Info
At Legal & General Insurance we look after our customers throughout life, death and everything in between so that you know that everything that’s important to you is protected. With over 180 years’ experience in providing Insurance policies, our customers trust us to be there and to do the right thing.
- Job Duties
To support the Actuarial team in developing and delivering pricing strategies and experience investigations and assumptions setting and methodology which in turn enables Group Protection to meet its business goals.
Pricing / Profitability: Support development of pricing strategies, for new and existing products and features, that enable growth in market share, whilst maintaining required levels of profitability and return on capital, all in line with the Treating Customers Fairly policy.
- Analyse portfolio and market data to understand risk and profitability by varying segments
- Produce impact analyses for suggested pricing changes on both profit and volumes.
Experience & Assumption setting: Support development and production of the more in depth regular demographic and financial experience investigations, the results of which feed consistently into pricing strategy and assumption setting for financial reporting.
Risk: Identify and document risks relating to the existing portfolio and new business.
Data integrity: Implement monitoring and controls to ensure appropriate levels of policy and accounting data integrity for actuarial reporting. Seek improvements to data quality, by contributing to system developments and by working with internal & external customers.
General business support: Provide ad hoc actuarial support as required to support the GP business and wider onward relationships.
- Skills Required
Part-qualified actuary preferable; Graduate with strong mathematical/statistical background would be considered.
Takes ownership, delivers with drive & enthusiasm, deals with change in stride.
Experience using VBA, SQL and SAS would be advantageous.
Ability to analyse & interpret data, understand the implications in a business context, and present the conclusions in non-technical language.
Knowledge and understanding of insurance products.
Commercial attitude and good inter-personal skills.
Appreciation of how assumption and pricing recommendations will impact core financial metrics.
Balances strategic goals with immediate priorities, setting clear targets to achieve progress against both.
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, 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.
For any queries please contact firstname.lastname@example.org. Please note applications can only be made online via the portal.