Actuarial Manager

4 weeks ago

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

About the Role

We are seeking an experienced Actuarial Manager to join our Retirement Division at Legal & General. As an Actuarial Manager, you will be responsible for ensuring the actuarial review and testing of our new tool for calculating member options.

Key Responsibilities

  • Providing actuarial input into 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
  • Working closely with colleagues across PRT to agree timescales for the review of system developments
  • Ensuring the highest standards of rigour and robustness are applied to ensure the accuracy of our automated systems
  • Conducting an annual review of the actuarial methods employed in the determination of actuarial factors
  • Managing individuals tasked with assisting in the testing work under your governance and the annual review
  • Ensuring the pricing of member options are designed to deliver fair value to customers
  • Evaluating any material changes to assumptions that underpin member options to determine whether these should be reflected in changes to the pricing
  • Regularly assessing the fair value of member options using appropriate measures and indicators
  • Ensuring the pricing of member options does not unduly make it hard for customers to assess value
  • Identifying elements of pricing member options that could present a risk of foreseeable customer harm
  • Following the appropriate governance procedures when implementing pricing changes

Requirements

  • 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
  • The ability to work accurately with a high attention to detail
  • Strong communication and interpersonal skills
  • 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

About Us

Legal & General is a leading financial services organisation, named 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. And enabling our people to create impact through work that is meaningful and valued.

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. It doesn't matter if you don't meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. If you're open to find out more, we'd love to hear from you.

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