Transformation Actuary - 12 Month FTC

Legal & General looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members’ retirement benefits.

Joining us means you’ll support customers’ financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

Job Description

We’re currently recruiting for a Transformation Actuary to join our prestigious Institutional Retirement Division here at Legal & General on a 12 Month Fixed Term Contract basis.

As a Transformation Actuary you will act as an internal consultant and help to deliver a wide range of Finance Transformation activities which are key to achieving the broader Finance objectives of the Division in 2025.

You will provide support across a wide range of initiatives including model development, process improvement and system optimisation to help bring about further efficiencies and to further improve the control environment.

This is a hybrid working opportunity that will allow you to work flexibly between your home and our Central London Offices, to find a work life balance that works for you.

What you'll be doing:

• Identifying, developing and implementing innovative solutions that meet both the regulatory and commercial needs of the business.
• Supporting model development using necessary coding/technical skills across a range of technology to bring about improvement to internal actuarial tools.
• Collaborating with a wide range of internal stakeholders to undertake analysis and “as-is” reviews of current controls and making recommendations to improve these. Including taking any identified solutions through the delivery phase and into implementation.
• Improving processes, undertaking root-cause analysis to assess barriers to process efficiency and identifying optimal solutions.
• Supporting on building out any related business cases that determine cost/benefit of any proposed changes and collaborating with Finance Transformation colleagues to deliver those changes in a timely fashion.
• Ensuring stakeholders are managed with pro-active communications and engagement ensuring a strong relationship.
• Presenting and explaining changes to processes or procedures to all impacted stakeholders and ensuring the changes meet their expectations.
• Ensuring that the appropriate process, systems and controls are in place, and that the risks and issues are identified and escalated accordingly, to ensure that customers are treated fairly.

Qualifications

Who we're looking for:

• Qualified Life Actuary or equivalent relevant experience.
• Excellent problem solving and analytical skills.
• Strong communication and stakeholder management skills, including the ability to positively influence stakeholders.
• Process and controls analysis skills with experience in identifying solutions to improve efficiencies and subsequent delivery of those solutions.
• Quality and delivery focused, with the ability to think creatively/outside the box to find new solutions to business problems.
• Hands-on experience in modelling using a number of software packages such as VBA, R, PowerBI, Power Query (or equivalent) or a proven desire and ability to learn these skills.
• Proactive attitude towards change and the ability to respond well to changing priorities from different sources.
• Self-starter with the ability to build strong relationships across teams.
• Knowledge of Assets and UK Pension Scheme liabilities would be highly beneficial.
• A strong understanding of Reporting metrics, mainly IFRS17 & Solvency II.
• A good understanding of risk and regulatory requirements.

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:

• A competitive salary
• The opportunity to participate in our annual, performance-related bonus plan
• Generous pension contribution 
• Life assurance
• 27 days holiday, plus public holidays. There’s also the option to buy and sell holiday
• Competitive family leave
• 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.