Actuarial Analyst Year In Industry 2025 - London

Legal & General is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, aiming to build a better society for the long term by investing our customers’ money in things that make life better for everyone and create value for our shareholders.

We look after around 700,000 institutional customers who have their retirement benefits secured with us. Our Retail division helps people enjoy a more colourful retirement, both directly and through their employers, including Lifetime Mortgages, Retirement Interest Only Mortgages and financial advice on our range of lending products. We’re also one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets.

Job Description

Are you looking for an exciting opportunity to earn while you learn?

We are looking for a 13 month placement student working towards a numerate degree to work in our Actuarial teams in London, starting Monday 11th August 2025 for the duration of the academic year (finishing on 11th September 2026). 

This is a great opportunity for someone looking for an insight into the role of an Actuary; you don't need to currently be studying Actuarial Science although this would be advantageous. You will be exposed to all areas of pricing, modelling and analytical work. 

Please note we only accept one application per recruitment cycle for our YII placement roles so please consider ALL placement positions before applying, as your first application will be considered your only application.

You will also need to have your own valid right to work in the UK. 

The responsibilities of this role are wide ranging and you will be exposed to a wide variety of pricing, modelling and analytical work: This includes:

• Collecting and analysing market data to provide insight and aide the pricing actuaries in setting insurance prices
• Support the pricing actuaries & data scientists in product developments, commercial deals, and pricing innovations.
• Summarising performance of insurance products to present to senior management to aid in decision making.
• Develop and price new and existing products, by providing pricing expertise and any additional support as required.
• Improve current team processes by utilising data analytics.
• Maintain appropriate documentation supporting the pricing procedures, analyses, decisions, processes, and controls.

Qualifications

Our ideal candidate will have the following skills, experience and attributes;

• An interest in a career in the actuarial sector
• On track for a 2:1 in a STEM degree
• Proficient with MS Office (Excel, PowerPoint, Word, Outlook, Teams).
• Effective communication skills and ability to work as part of a team.
• Strong analytical and problem-solving skills.
• Ability to work under time pressure and independently.
• Excellent organisation skills and the ability to prioritise.
• IT and programming skills (for example R, Python, SQL) are highly advantageous

Additional Information

Please note that this role is based in London and requires some in person working at our London office, as part of our hybrid working model. If you do not currently live within a commutable distance to the London office, you would need to relocate and unfortunately we cannot provide financial support to do this.

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Private medical insurance (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

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.