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Actuarial Analyst

2 months ago

London, Greater London, United Kingdom Legal & General Full time
Job Description

We are seeking a highly skilled Actuarial Analyst to join our Workplace Savings team at Legal & General. As an Actuarial Analyst, you will play a critical role in shaping the future of our Workplace DC products.

Key Responsibilities
  • Core Pricing Work: You will be responsible for negotiating and agreeing terms with various stakeholders for large or otherwise non-standard opportunities to secure volume and profit, ensuring that an appropriate but commercial balance is maintained between the volume and profit margins.
  • Data Analysis and Reporting: You will provide assistance with data manipulation, data analysis, and report production aspects of the regular MI reports that Workplace produce, as well as detailed analyses of experience against pricing assumptions for key factors within the pricing model.
  • Product Development: You will work on all aspects of our Workplace DC products, from product development to getting involved with the negotiation and authorisation of pricing, and providing detailed analysis and reporting of ongoing scheme profitability and Assets Under Management.
  • Client Implementation: You will supply authority of terms for each client implementation, confirming the annual management charges, and later authorise new business set up within the underlying systems.
  • Customer Experience: You will consider L&G's Customer Experience and Treating Customers Fairly Policy when pricing Workplace DC products.
Requirements
  • Qualifications: A Part-Qualified Actuary (who is no longer actively sitting Actuarial exams, but has previously passed exams)
  • Experience: Experience working within a UK Life Office or Re-insurer
  • Skills: Knowledge of unit linked pensions products would be an advantage, but is not essential (as training will be given); ability to communicate clearly, and convey sometimes complex detail to both internal and external customers in simpler terms; problem solving mindset, with the ability to investigate and solve problems as and when they arise; ability to handle a fairly large volume of diverse work, and effectively plan ahead to give appropriate priority to each required task; good general Excel skills - with VBA, Prophet and Python skills also being desirable (training will be provided on Prophet, Python & VBA if required)
Benefits
  • Performance-Related Bonus Plan: The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
  • Pension Contribution: Generous pension contribution
  • Life Assurance: Life assurance
  • Private Medical Insurance: Private medical insurance (permanent employees only)
  • Holiday Entitlement: At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday
  • Family Leave: Competitive family leave
  • Electric Car Scheme: Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
  • Discounts: Many discounts we offer – both for our own products and at a range of high street stores and online