Commercial Pricing Actuary (Group Protection)

Company Description

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, UK and US life insurance, and 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. 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 Pricing Actuary to join our Group Protection team. We’re offering a competitive base salary, a 12% car allowance (for qualified actuaries), and a strong benefits package.

This is a fantastic opportunity for a Newly Qualified Actuary with a strong background in Life Insurance and ideally pricing experience. Join us and contribute to our mission of achieving profitable growth while delivering exceptional value to our clients.

What you'll be doing:

• Developing and implementing pricing strategies for group protection products
• Conducting detailed pricing analyses and modelling
• Collaborating with cross-functional teams to support product development and pricing initiatives
• Monitoring market trends and competitor pricing strategies
• Providing technical expertise and guidance on pricing matters
• Ensuring compliance with regulatory requirements and internal policies
• Supporting the development and maintenance of pricing tools and systems
• Communicating pricing recommendations and insights to stakeholders

Qualifications

Who we're looking for:

• Newly Qualified Actuary or stopped studier with significant Life Insurance experience
• Strong background in pricing, preferably with group protection experience
• Proficiency in relevant actuarial software and tools like Excel, Snowflake, Alteryx, and SQL
• Excellent analytical and problem-solving skills
• Ability to work collaboratively in a team environment
• Strong communication and presentation skills

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 (permanent employees only)
• At least 25 days holiday, plus public holidays, increasing to 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 (permanent employees only)
• Many discounts 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 with your wellbeing at the heart.

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023 for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone. If you join us, you’ll be part of a welcoming 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, you will be empowered through initiatives that support people to develop their careers and excel.

We strive to be open, mindful, and inclusive, so we are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.