Actuarial Analyst - Lifetime Mortgages

Full Job Description

Life can sometimes be unpredictable, and it pays to plan ahead.

Our aim atLegal & General Retail is to help our customers plan for the unexpected, achieve financial security for their tomorrow, and protect everything that’s important to them.

To better understand our customers and meet their needs, we’ve brought our protection, retirement income, savings, lending and advice, fintech and mortgage businesses under one umbrella.

Created at the start of 2022 through the merging of our long-standing and trusted retail retirement and insurance businesses, we’re a fast-growing division with big, customer-centered ambitions.

We have an exciting opportunity for an Actuarial Analyst to join our Lifetime Mortgage (LTM) team and support with the Capital Management of our Lifetime Mortgage portfolio.

In this role you will work closely and collaboratively with various teams from across the Group to ensure the successful valuation and risk management of the LTM business of L&G.

You will also work closely with the actuaries within the LTM team to support ad-hoc analysis and various projects in relation to the development of our LTM business. This will include launching new products as well as improving our existing offerings to meet profitability and capital targets.

As well as the above, you will also take ownership for the production of essential and regular MI, as well as quarterly reporting pertaining to the risk and financial management of the LTM business.

This role would be ideal for a Student Actuary who has made some progress through the initial IFoA Exams and also has a couple of years of Industry Experience to draw upon.



This is a hybrid working opportunity based from our Coleman Street Offices in London, which will allow you to work from both your home and the office so you can find a work/life balance that suits you.

• Student Actuary who has madeprogress through the initial IFoA Exams.
• Previous experience within an Actuarial Role (with Life Insurance experience being highly preferable).
• Good knowledge of Solvency II Regulatory Requirements.
• Good knowledge of Microsoft Office - including basic VBA skills (with Python and/or R knowledge being highly preferable, but not essential).
• Strong personal planning and organisation skills.
• The ability to communicate clearly and explain complex details in simpler terms.
• Strong problem solving and analytical skills, with the ability to take the initiative and find a solution with minimal guidance/steer.
• The ability to question results for reasonableness and to refer to more experienced staff where appropriate.
  
  

• Competitive Salary
• Full Actuarial Study Support (including Study/Exam Leave, a Rotation Scheme to further broaden your actuarial experienceand incremental pay increases as you progressfurther through the IFoA exams)
• Holiday Allowance – 25 days plus Bank Holidays
• Pension Contribution – L&G match any personal contribution you makeup to 5% and then provide a further 5% contribution on-top
• Private Medical Cover
• 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 and are available to you from day one.

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.