About Company
Legal & General is a leading UK financial services group, established in 1836. We are one of the UK’s largest financial services companies, providing a diverse range of products and services, including investments, annuities, life assurance, and general insurance. Our purpose is to improve the lives of our customers and build a better society for the long term. With a commitment to sustainability and innovation, we manage over £1 trillion in assets and serve millions of customers worldwide. At Legal & General, you’ll be part of a forward-thinking organisation that values expertise, integrity, and social responsibility. We foster an inclusive environment where every employee can thrive and contribute to our mission of creating a more secure financial future for everyone. Join us and be part of a company that is dedicated to making a positive impact on society.
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Job Description
Are you a highly skilled and experienced Actuary looking to make a significant impact within a dynamic and reputable financial services firm? Legal & General is seeking a talented Actuary to join our expert Life & Pensions team in London. This pivotal role offers the opportunity to apply your actuarial expertise to complex problems, influence strategic decisions, and contribute to the financial health and stability of our diverse product offerings. You will be instrumental in the valuation of our life and pensions liabilities, developing and enhancing actuarial models, and providing critical insights that drive business performance and mitigate risk. This role is crucial for ensuring the robustness of our financial reporting and the integrity of our product designs.
We are looking for a proactive individual with a strong analytical mind, exceptional problem-solving capabilities, and a deep understanding of actuarial principles and regulations. This role involves close collaboration with various departments, including finance, risk, product development, and investment teams, providing a broad exposure across the business. You will be expected to communicate complex actuarial concepts clearly and concisely to both technical and non-technical audiences, influencing key stakeholders and supporting strategic initiatives. If you are passionate about driving actuarial excellence and contributing to a company that makes a real difference in people’s lives, we encourage you to apply. This is a fantastic opportunity for an Actuary who thrives in a challenging yet supportive environment, seeking to advance their career with a market leader.
Key Responsibilities
- Perform robust actuarial valuations of life and pension liabilities, ensuring compliance with relevant regulatory standards (e.g., Solvency II, IFRS).
- Develop, maintain, and enhance complex actuarial models and tools, ensuring their accuracy, efficiency, and fitness for purpose.
- Contribute to the analysis and interpretation of financial results, providing insightful commentary and recommendations to senior management.
- Support the product development process by conducting actuarial pricing, profitability analysis, and risk assessments for new and existing products.
- Collaborate with risk management teams to identify, assess, and monitor actuarial risks, contributing to the development of effective risk mitigation strategies.
- Prepare comprehensive actuarial reports and presentations for internal stakeholders, external auditors, and regulatory bodies.
- Stay abreast of industry trends, regulatory changes, and emerging actuarial methodologies, applying best practices within the team.
- Mentor junior actuaries and contribute to the continuous professional development of the actuarial team.
Required Skills
- Qualified Actuary (FIA/FFA or equivalent) with significant post-qualification experience.
- Strong understanding of UK life and pensions market and regulatory environment (e.g., Solvency II).
- Proven experience in actuarial valuation, financial reporting, and model development.
- Advanced proficiency in actuarial software (e.g., Prophet, MoSes, R, Python) and Microsoft Excel.
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong communication and interpersonal skills, capable of explaining complex concepts to diverse audiences.
- Ability to work effectively both independently and as part of a collaborative team.
- Demonstrated ability to manage multiple priorities and deliver high-quality work under pressure.
Preferred Qualifications
- Experience with capital modelling and stress testing.
- Background in product pricing and development within a life insurance context.
- Knowledge of investment principles and their impact on actuarial liabilities.
- Experience with advanced data analytics techniques and tools.
Perks & Benefits
- Competitive base salary and annual performance-related bonus.
- Generous pension scheme with employer contributions.
- Private medical insurance and comprehensive health and wellbeing programmes.
- Flexible working arrangements and generous annual leave entitlement.
- Life assurance and income protection.
- Support for professional development, including ongoing actuarial CPD and training.
- Employee assistance programme and discounts on company products.
- Opportunities for career progression within a large, diverse financial services group.
How to Apply
Interested candidates are invited to apply directly through our careers portal by clicking the application link below. Please ensure your CV and cover letter highlight your relevant actuarial experience and qualifications, demonstrating how you meet the requirements of this role.
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