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, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Institutional Retirement 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.

We’re looking for a motivated and collaborative Actuarial Analyst to join our Collateral & Reinsurance Management team.

The Collateral & Reinsurance Management (or CRIM) team sits within our award-winning Pension Risk Transfer Division, and offers a unique opportunity to focus on managing the arrangements agreed following a Pension Risk Transfer (PRT) deal. Which will involve maintaining ongoing relationships with reinsurers, and potentially Trustee counterparts, as well as providing calculations relating to post-sale pricing, reinsurance, longevity insurance, and other collateral arrangements.

If you’re a student actuary, who’s making good progress through the IFoA Exams and has previous Defined Benefit pensions experience, either at another de-risking provider or at a Pension Consultancy - we’d love to hear from you.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office to help you achieve a work-life balance that works for you.

What you’ll be doing:

• Supporting the delivery of post‑sale monitoring and calculations across buy‑ins, buyouts, reinsurance, longevity insurance and collateral arrangements
• Building and maintaining effective working relationships with internal stakeholders, consultants, trustees and reinsurers
• Providing high‑quality actuarial analysis and insight to support post‑transaction pricing activities
• Supporting and reviewing the work of Operations Analysts within the Collateral & Reinsurance Services team
• Contributing proactively to wider PRT New Business project work (alongside BAU)
• Problem solving capabilities, including the ability to applying strong analytical skills and pensions knowledge to resolve issues
• Managing your own time effectively to ensure deadlines are met and work is completed to a high standard
• Upholding our commitment to consistently delivering great customer outcomes

Who we’re looking for:

• Part‑qualified actuary, who is making progress with the IFoA Exams
• Knowledge of Defined Benefit pension schemes and the relevant valuation techniques
• Previous experience working in a pensions consultancy or de‑risking provider environment (highly beneficial)
• Strong communication and interpersonal skills, with the ability to work collaboratively
• Ability to work quickly and accurately while maintaining high quality
• Strong time‑management skills and confidence working to tight deadlines
• A proactive approach to problem‑solving and continuous improvement
• Commitment to acting with integrity and delivering positive outcomes for customers

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:

• Competitive salary & Actuarial study support
• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan
• At least 25 days holiday, plus public holidays, 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
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

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.