Data & Automation Actuary (12 Month FTC)

Company Description

Legal & General looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market since 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 settle their pension liabilities, and enable investment for the long term to back our pension promises.

Job Description

We’re recruiting for a Data & Automation Actuary to join us for a period of 12 months (1/1/25-31/12/25) to work on improvement initiatives within the Institutional Retirement Financial Transformation Team.

This role will primarily focus on improving the flow of data from Pricing to Financial Reporting.

What you'll be doing:

• Leading on a valuation load replacement project.
• Acting as a Prophet SME on the project to improve the flow of data from Pricing to Financial Reporting.
• Initially focusing on Individual Annuity work with colleagues across the business to productionise a new process of converting pricing data to Prophet model point files.
• Expanding the proposed process to Deferred Annuity business and also “Ab Initio” schemes.
• Participating in the wider Data and Automation team’s work to improve processes within Finance and other departments.
• Helping to develop and implement innovative ways of operating to improve the efficiency of the Institutional Retirement Finance department and reduce manual work.
• Ensuring any new processes produce clear, useful, and accessible controls.
• Using these controls to give confidence to stakeholders about the quality of the new processes.

Qualifications

Who we're looking for:

• Qualified Actuary, with experience in the Life Industry.
• A strong understanding of data processes used to administer insurance business.
• Modelling software used for actuarial liabilities.
• Reporting metrics: IFRS and Solvency II.
• UK Pension Scheme liabilities.
• Risk and regulatory requirements.
• Strong data manipulation and coding skills (we are open to coding language).
• Good knowledge of Prophet and DCS.
• Analytical skills with the ability to review results for reasonableness.
• Good communication and interpersonal skills.

Benefits

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
• Generous pension contribution.
• Life assurance.
• 27 days holiday, plus public holidays, with 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.
• Discounts for our own products and at a range of high street stores and online.

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. 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. We strive to be open, mindful, and inclusive, so 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.