Longevity Risk Actuarial Analyst

1 week ago


London, Greater London, United Kingdom LegalAndGeneral Full time
About the Role

We are seeking an experienced Actuarial Analyst to join our Longevity Risk team at Legal & General. As a key member of our team, you will play a crucial role in supporting our business with regular mortality analysis and longevity risk modelling work.

Key Responsibilities
  • Develop and communicate longevity assumptions for year-end reporting, pricing, and capital requirements.
  • Support the delivery of strategic deliverables, including Solvency II capital modelling and year-end assumptions for retirement products.
  • Monitor population mortality and health data to identify trends and produce regular, timely MI for stakeholders.
  • Contribute to the development and delivery of marginal distributions of uncertainty for base mortality, mortality trend, spouse demography, and associated correlations.
  • Produce and maintain future mortality projection models, researching new techniques to improve our modelling capabilities.
  • Support the development, review, and maintenance of the Longevity Risk Predictive Model for describing and predicting mortality experience.
  • Contribute to research on longevity risk, identifying suitable data sources and potential software to optimize pricing and reserving assumptions.
  • Support mortality data acquisition and innovation to enable international annuity expansion.
  • Contribute to or lead ad-hoc longevity projects across pricing, reporting, and capital, helping stakeholders define problems and develop project scopes.
  • Provide concise, clear summaries of analysis work and present findings to key stakeholders.
Requirements
  • Part-qualified Actuary making good progress with IFoA Exams, with previous Life or Pensions experience.
  • Longevity experience/knowledge beneficial, but not essential.
  • Commercial knowledge of longevity risk products and Solvency II.
  • Actuarial skills for modelling, including advanced Excel skills and experience with R.
  • Strong problem-solving and analytical skills, with good communication and presentation skills.
  • Ability to work flexibly and adapt to changing demands and conditions.
About Us

Legal & General is a leading financial services group and major global investor. We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone. We strive to be open, mindful, and inclusive, offering flexible working arrangements and reasonable accommodations for candidates with specific needs.



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