Assistant Commercial Actuary - Lifetime Mortgages

Were currently recruiting for an Assistant Commercial Actuary to join our dynamic Lifetime Mortgage Pricing Team.

In this role you will support the commercial management of our Lifetime Mortgage business by contributing to innovative solutions and maximising Group value.

This is a hybrid working opportunity which means you can split your working week between your home and our central London office to find a work/life balance that works for you.

What youll be doing:

• Supporting the design and delivery of pricing strategies in collaboration with stakeholders to gain competitive advantage
• Identifying and developing variants of existing LTM products to better manage the risk profile
• Working closely with lenders to deliver new product initiatives focusing on financial business cases risk management and developing pricing and reporting models
• Monitoring and managing the risk profile of all LTM portfolios implementing techniques for improving risk selection
• Collaborating with key stakeholders to determine pricing strategies rating and capital treatment of new products
• Ensuring business processes and internal controls deliver good customer outcomes and align with Treating Customers Fairly (TCF) principles
• Contributing to discussions on potential changes to product design to better meet customer needs
• Supporting work on international markets including Dutch retirement lending

Qualifications :

Who were looking for:

• A nearly/newly qualified actuary (via the IFoA or equivalent institute) with relevant work experience
• Excellent knowledge of actuarial techniques and awareness of relevant regulations including Solvency II
• Experience in lifetime mortgages and/or pricing is desirable (but not essential)
• Strong communication skills with the ability to present results clearly to various stakeholders
• Demonstrated achievement drive and flexibility in adapting to change
• Strong analytical and judgement skills with a focus on customer orientation
• Commercial awareness and creativity in problem-solving
• Commitment to continual professional development and high standards of business ethics

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
• At least 25 days holiday plus public holidays 26 days after 2 years service. Theres 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)
• There are the many discounts we offer both 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 and have your wellbeing at the heart 

Additional Information :

At L&G we believe its possible to generate positive returns today while helping to build a better future for all. 

If you join us youll 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 doesnt matter if you dont 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. 

Remote Work :

No

Employment Type :

Full-time