Manager, Pensions Actuarial

1 week ago

London, United Kingdom Legal & General Full time €80,000 - €100,000

Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award-winning business.   We’re recruiting for an Actuarial Manager to join our Retirement Division (LGRI). We’re offering a competitive salary ranging from circa £80,000 to circa £100,000 (depending on experience) plus a 12% car allowance and a host of other great benefits.
In this role you will be responsible for ensuring the actuarial review and testing of our new tool for calculating member options, including the design and review of the underlying actuarial factors.
This will involve developing an independent actuarial testing and controls framework for a system in development. The role sits within the post-sale actuarial function of our Pension Risk Transfer (PRT) bulk annuity business, and also provides opportunities to give actuarial support to the wider PRT business.
Providing actuarial inputinto the design of the testing framework surrounding a new tool being developed to calculate member options
Applying actuarial techniques to ensure the cost neutrality of all options, incorporating GMP equalisation
Conducting an annual review of the actuarial methods employed in the determination of actuarial factors
Managingindividuals tasked with assisting in the testing work under your governance and the annual review
Identifying elements of pricing member options that could present a risk of foreseeable customer harm, including cohorts of customers at risk of not receiving fair value
A qualified Life/Pensions Actuary
Excellent knowledge of Defined Benefit pension schemes, and associated valuation techniques
Strong experience in technical actuarial roles and / or system development
Strong time management skills and ability to work to tight deadlines to ensure project delivery
Coding experience, ideally in C#, is preferred but not essential
Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Competitive Salary + 12% Car Allowance
~ Generous pension contribution - L&G match any personal contributions up to 5% and provide a further contribution of 6%, increasing by 1% each April until a further 10% is provided on top of any matching contributions from April 2028
~ The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
~ Life assurance
~ Private medical insurance
~ 27 days holiday, plus public holidays. There’s also the option to buy and sell holiday
~ Competitive family leave
~ Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
~ There are the many discounts we offer – both for our own products and at a range of high street stores and online
~ Legal & General is a leading financial services organisation, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future. 
We’re one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. Empowered through initiatives which support people to develop their careers and excel. 
We strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.

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