Longevity Risk Management 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

VN26275Role Type
Fixed Term Contract (inc Secondee)Location
LondonSalary
Competitive + 12% 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 an experienced 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 Management Actuary.

In this role you will have the opportunity to work across multiple jurisdictions (including Bermuda & the US) as well as leading on various projects and driving the key changes to our pricing, reporting and longevity assumptions.

_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/Improving mortality assumptions for: pricing, yearend reporting and capital requirement purposes for both annuities & lifetime mortgages and leading the communication of these changes to relevant stakeholders across the business.
Taking core responsibility for the accuracy and completeness of analyses conducted for assigned mortality related projects, and associated reporting. This could include but is not limited to mortality management information and development of mortality assumptions for both UK and international business.
Providing relevant longevity information/responding to queries from various internal and external stakeholders, primarily L&G Retirement (Finance, Capital, Pricing), Group Capital, external consultancies (who are providing review) and regulators (such as the PRA).
Leading a team of Longevity Risk Actuarial Analysts in the analysis and modelling of longevity risk, ensuring that appropriate controls and processes are in place.
Defining, developing and delivering a strategy/plan to ensure that activities are delivered in line with Legal & General's Customer Experience and Treating Customers Fairly policy.
Ensuring that all recommendations/changes to assumptions are approved by the business, including presenting these proposals to relevant governance committees (as applicable) to achieve appropriate signoff.
Ensuring that the principles of Conduct Risk are embedded into daily operations (including processes and internal controls) to ensure the delivery of good customer outcomes and effective Conduct Risk management at all times.

What we're looking for

A Fully Qualified Actuary.
Experience in a commercial environment is a must, with a longevity background being preferable.
Longevity experience with knowledge of base and trend mortality and common practices is ideal.
Experience in individual annuities, bulk buyout and lifetime mortgage markets would be preferable.
Commercial knowledge of longevity risk products including BPA, individual, longevity swaps etc.
Knowledge of governance structures.
Thought leadership, provision of advice and solution proposer for the modelling of longevity and longevity uncertainty.
Understanding of key actuarial concepts relating to mortality, annuities, life table concepts and the methodology employed in mortality experience investigations.

Benefits:

Competitive Salary ranging from £80,000 £95,000 (depending on experience)
Car Allowance 12% of salary
Holiday Allowance 30 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 10%
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.