Senior Actuarial Analyst - Collateral & Reinsurance Management

Overview

Legal and General (LandG) 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 asset origination capabilities to support retirement and protection solutions, including pension risk transfer (PRT), UK and US life insurance, and UK workplace pensions and retirement income. LandG Institutional Retirement supports around 700,000 institutional customers with retirement benefits and is the UK’s longest-running insurer. Our division focuses on pension risk transfer solutions for UK and US defined benefit schemes and reinsurance from our Bermuda hub. We work with companies, DB pension schemes and their advisors to secure and protect scheme members’ retirement benefits. Joining us means you’ll support customers’ financial security in retirement, help companies settle pension liabilities, grow their businesses, and enable long-term investment to back our pension promises.We are offering a hybrid working arrangement for this role, with flexibility to split time between home and our London office in Moorgate, to support work-life balance.Job Description

Senior Actuarial Analyst to join the Collateral and Reinsurance Management team within the multi-award-winning Pension Risk Transfer (PRT) Division. The role includes managing arrangements following a DB PRT deal, maintaining relationships with reinsurers and Trustee counterparts, and providing calculations related to post-sale pricing, reinsurance, longevity insurance, and collateral arrangements. We offer a competitive salary, study support, and a comprehensive benefits package as part of joining the most decorated insurer in the PRT market.This is a unique opportunity to focus on post-sale monitoring and calculations for buy-in/out pricing, reinsurance, longevity insurance, and collateral arrangements, on-boarding new PRT reinsurance arrangements, reviewing contracts and models, and delivering high-quality actuarial support to internal and external clients (including consultants, trustees and reinsurers).What you’ll be doing:Proactively support Actuarial Managers with post-sale monitoring and calculations for buy-in/out pricing, reinsurance, longevity insurance, and collateral arrangements.On-board new PRT reinsurance arrangements, including reviewing and contributing to contract and model drafts.Provide high-quality support to internal and external clients (consultants, trustees, reinsurers).Support and check the work of Operations Analysts in the Collateral and Reinsurance Services team.Provide actuarial support to projects relevant to the wider PRT New Business team.QualificationsWho we’re looking for:Part Qualified Actuary making good progress through IFoA exams.Experience in a pension consultancy environment or with a de-risking provider is highly preferable.Knowledge of Defined Benefit Pension Schemes and valuation techniques.Ability to work quickly and accurately without compromising quality.Strong communication and interpersonal skills.Strong time management skills and the ability to meet tight deadlines for project delivery.BenefitsAnnual performance-related bonus and share schemesGenerous pension contributionLife assurance and private medical insuranceHoliday entitlement: at least 25 days plus public holidays, 26 days after 2 years’ service; option to buy/sell holidayCompetitive family leaveElectric car salary sacrifice schemeEmployee discounts on products and servicesModern, wellbeing-focused officesAdditional InformationAt LandG, we believe it’s possible to generate positive returns today while helping to build a better future for all. We foster a welcoming, inclusive culture with opportunities to collaborate across diverse backgrounds and experiences. We support flexible working options, including part-time, term-time, and job shares where possible.We encourage you to apply even if you don’t meet every criterion; consider what you excel at and what you can bring in terms of strengths and ..... full job details .....