About Company
Legal & General Group Plc is one of the UK’s leading financial services companies, providing a wide range of financial products and services, including insurance, investments, and retirement solutions. Founded in 1836, we have a long-standing reputation for innovation, customer focus, and financial strength. At Legal & General, we are committed to helping our customers build brighter futures, whether that’s through protecting their families, growing their wealth, or securing their retirement. We are a purpose-driven organization, dedicated to inclusive capitalism and making a positive impact on society through our investments and community initiatives. We foster a culture of collaboration, respect, and continuous learning, valuing the diverse perspectives and talents of our people. Join us and become part of a team that’s shaping the future of financial services.
Advertisement
Job Description
We are seeking a highly motivated and analytically gifted Actuary to join our dynamic team in London. This pivotal role will be instrumental in the accurate assessment, management, and reporting of financial risks across our diverse product portfolio. You will apply advanced mathematical and statistical techniques to analyze complex data, develop and validate actuarial models, and provide critical insights that inform strategic business decisions. This position offers a unique opportunity to work on challenging projects, contributing directly to our pricing strategies, reserving calculations, capital management, and solvency assessments. You will collaborate closely with various departments, including finance, risk, product development, and underwriting, translating intricate actuarial findings into clear, actionable recommendations for both technical and non-technical stakeholders. Ideal candidates will possess a deep understanding of actuarial principles, a keen eye for detail, and a proactive approach to problem-solving. This is an exciting chance to further develop your career within a supportive environment, engaging with cutting-edge actuarial methodologies and contributing to the financial resilience and growth of a market-leading institution. Your expertise will be crucial in maintaining our strong market position and ensuring our long-term financial stability.
Key Responsibilities
- Perform detailed actuarial analyses for various product lines, including pricing, reserving, and capital modelling.
- Develop, maintain, and enhance complex actuarial models, ensuring their accuracy, efficiency, and compliance with regulatory standards.
- Analyze large datasets to identify trends, risks, and opportunities, providing actionable insights to senior management.
- Prepare comprehensive actuarial reports and presentations for internal and external stakeholders, articulating complex concepts clearly.
- Support the assessment and management of financial risks, including market risk, credit risk, and operational risk.
- Contribute to the implementation of new regulatory requirements (e.g., Solvency II, IFRS 17) and internal risk frameworks.
- Collaborate with multi-disciplinary teams across the business to support product development, strategic planning, and business growth initiatives.
- Engage in continuous professional development to stay abreast of industry best practices, emerging methodologies, and regulatory changes.
- Mentor junior team members and contribute to a culture of knowledge sharing and technical excellence.
Required Skills
- FIA or FFA designation, or significant progress towards qualification (e.g., nearing completion of actuarial exams).
- Minimum of 3 years of post-qualification actuarial experience, preferably within the insurance or financial services sector.
- Strong proficiency in actuarial modelling software (e.g., Prophet, MoSes, WTW RiskAgility FM) and advanced Excel skills.
- Demonstrable experience with programming languages such as R, Python, or VBA for data analysis and model automation.
- Excellent analytical, problem-solving, and critical thinking abilities.
- Exceptional communication skills, both written and verbal, with the ability to convey complex actuarial concepts to diverse audiences.
- Solid understanding of UK financial regulations (e.g., Solvency II) and actuarial reporting standards.
- Proven ability to work independently and collaboratively within a fast-paced, deadline-driven environment.
Preferred Qualifications
- Experience in specific areas such as life insurance, pensions, general insurance, or investment products.
- Familiarity with IFRS 17 implementation or ongoing compliance.
- Project management experience, particularly in actuarial system implementation or upgrade projects.
- Postgraduate degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Experience with cloud-based actuarial solutions or big data analytics platforms.
Perks & Benefits
- Competitive annual leave allowance with the option to buy/sell extra days.
- Discretionary annual bonus scheme based on company and individual performance.
- Generous non-contributory pension scheme with attractive employer contributions.
- Comprehensive private medical insurance for you and your family.
- Life assurance and income protection benefits.
- Access to a wide range of flexible benefits, including cycle-to-work scheme, gym memberships, and retail discounts.
- Hybrid working model, offering flexibility to work from home and our modern London office.
- Dedicated budget for professional development, including support for further actuarial qualifications and industry accreditations.
- Employee assistance program for mental and physical well-being.
- Opportunities for community involvement and volunteering initiatives.
How to Apply
Ready to make a significant impact at a leading financial institution? We invite you to apply by clicking on the application link below. Please ensure your CV and cover letter highlight your relevant actuarial experience, qualifications, and why you believe you are a strong fit for Legal & General. We look forward to reviewing your application.
Advertisement
