Actuarial Analyst - Actuarial Policyholder Options

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

We’re looking for an Actuarial Analyst to join the Actuarial Policyholder Options team within our multi-award winning Pension Risk Transfer Division.

This is a great opportunity for a part-qualified pensions actuary who enjoys technical actuarial work, problem solving and working with others to improve tools, methods and outcomes for customers.

You’ll support the governance and implementation of actuarial methods and assumptions relating to policyholder options, and help to ensure that calculations are robust, accurate and provide fair value.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate.

• Assisting in the development of actuarial methods for policyholder option calculations
• Reviewing and validating tools used for policyholder option calculations
• Collaborating with colleagues to deliver system developments
• Conducting regular processes for bespoke implementation of the policyholder options basis
• Checking calculations for non-standard individual cases
• Ensuring policyholder option pricing delivers fair value for customers
• Working closely with developers, end users and change professionals
• Specifying and testing developments to policyholder option calculation tools

• Part-qualified pensions actuary, who is making good progress through the IFoA Exams
• Experience applying actuarial…