Longevity Risk Actuary - London, United Kingdom - Legal & General Investment Management

Legal & General Investment Management

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Reference

VN26276Role Type
Fixed Term Contract (inc Secondee)Location
LondonSalary
Competitive + Car Allowance & BenefitsClosing Date
11 August 2023Your role at a glance

Please Note this role is a 12 Month Fixed Term Contract position (Maternity Cover)
Are you a qualified Actuary with strong commercial awareness and/or experience of assumption setting?

If so, we have a fantastic opportunity within our Retirement Division as a Longevity Risk Actuary.

In this role you will be responsible for the production and communication of pricing, reporting and capital assumptions for Longevity for both L&G's UK and International Retirement (primarily Bermuda & the US) Businesses.

_Do you feel like you meet the requirements but require greater flexibility? We'd love to hear from you regardless; we're open to flexible working arrangements and support hybrid working, so please get in touch_
What you'll be doing

Developing longevity assumptions, analytics and solutions for the purposes of pricing, reporting and capital requirements for both L&Gs UK and international territories.
Analysing and modelling longevity risk (primarily annuitant base mortality, mortality trend, and spouse demography) to ensure appropriate controls and processes are in place.
Developing solutions that are responsive to new information as well as providing long term stability, enabling L&G Retirement to meet its financial reporting strategy and manage earnings volatility.
Providing support and development for new initiatives across pricing, reporting and capital as and when required by the business by helping stakeholders define the problem and develop scope of analytical projects, providing useful insight to drive decisions.
Developing appropriate models and tools for the analysis of longevity risk trends and uncertainty.
Taking responsibility for the accuracy and completeness of analyses conducted for assigned mortality related projects, and associated reports.
Supporting the wider longevity team by providing technical advice and guidance to colleagues.

What we're looking for

Preferably a qualified actuary (although we would also be open to nearly qualified actuaries too) ideally with broad Life or Pensions experience across pricing, reporting and/or capital.
Analysis and reporting experience using internal and external mortality data sets and understanding the impact on mortality and mortality measures (life expectancy, annuity values, capital and reserving impact)
Longevity experience with specific knowledge of base and trend mortality and common practices.
Advanced Excel skills are essential (knowledge of SAS, R or other coding languages would be highly advantageous)
Excellent written, oral and presentation skills, with the ability to engage with internal and external stakeholders and influence them accordingly.
Ability to plan projects for yourself and the team.

Benefits:

Competitive Salary ranging from circa £60,000 circa £80,000 (depending on experience)
Car Allowance 12% of salary (If Qualified Actuary)
Holiday Allowance 27 days plus all UK bank holidays

Pension Contribution

L&G match any personal contributions up to 5% and then provide a further top up of 5%
Private Medical
Life Insurance
Income Protection
Smart Spending which gives you access to vouchers/shopping discounts

Please note the above are just a few of the many benefits you will be entitled to when you join L&G from day 1.