Transformation Actuary

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 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 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 improve 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.
• 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 related business cases that determine cost/benefit of proposed changes and collaborating with Finance Transformation colleagues to deliver those changes in a timely fashion.
• Ensuring stakeholders are managed with proactive 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 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 to find new solutions to business problems.
• Hands-on experience in modelling using software packages such as VBA, R, PowerBI (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.
• 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 IFRS & Solvency II.
• A good understanding of risk and regulatory requirements.

Benefits

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you.

• 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, with the option to buy and sell holiday.
• Competitive family leave.
• Discounts for our own products and at a range of high street stores and online.
• Redesigned workspaces that promote connection and collaboration.

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.

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 we are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.