Commercial Actuary - Lifetime Mortgages

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Retail supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses.

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 are the UK’s number one individual life insurer, and also provide Group Protection products for employers – all helping people to plan for the unexpected. We support home buying through our Mortgage Club – the UK’s largest – and our award-winning Surveying Services team. And our fintech team finds and supports socially useful start-ups and scale-ups working in the workplace, home, insurance and wealth areas.

Joining us means helping create brighter financial futures for all our customers.

Job Description

We're recruiting for a Commercial Actuary to join our dynamic Lifetime Mortgage Pricing Team here at L&G.

In this role, you will support the commercial management of our Lifetime Mortgage business, by delivering innovative solutions that create long-term value for our customers and stakeholders. This is a fantastic opportunity to work at the heart of our Lifetime Mortgage business, in a role where you can influence product development and commercial strategy across both UK and international markets.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate to help you achieve a work-life balance that works for you.

Please Note – Whilst this role is advertised as a Full-Time position, we would also consider more flexible working arrangements as well as Part-Time workers for this role.

What you'll be doing:

• Collaborating with lenders to bring new product initiatives to market
• Supporting the development of retirement lending propositions across geographies
• Liaising with actuarial teams to align pricing strategies with business goals
• Ensuring Lifetime Mortgages are accurately reflected in financial reporting
• Optimising the performance of securitisation structures
• Monitoring regulatory developments and assessing their impact on propositions
• Contributing to product design conversations to better meet customer needs
• Embedding Treating Customers Fairly principles into processes and controls

Qualifications

Who we're looking for:

• Qualified actuary (FIA/FFA or equivalent) with relevant life office or consultancy experience
• Strong understanding of actuarial techniques and regulatory frameworks (e.g. Solvency II)
• Commercial and/or pricing experience, ideally within Lifetime Mortgages or product development
• Excellent analytical and judgement skills with a commercial mindset
• Ability to communicate complex ideas clearly to a range of stakeholders
• Flexible and adaptable approach to change and innovation
• Commitment to delivering good customer outcomes
• Collaborative team player with a drive for achievement and continuous improvement

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
• Healthcare Plan
• 27 days holiday, plus public holidays. 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

Additional Information

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.