Company Description
Legal & General Reinsurance is a Bermuda-based specialist life reinsurer. We are the global reinsurance hub of Legal & General Group Plc, a multinational financial services company established in 1836, and we provide life reinsurance solutions to clients in the UK, Europe, the US and Canada.
Job Description
The Pricing Actuary will play a key role in shaping and leading pricing activity for pension risk transfer and other life reinsurance opportunities across multiple territories.
This is an exciting opportunity to combine technical expertise with commercial impact, supporting longevity
assumption setting and underwriting activity while helping to enhance and evolve our pricing systems and
processes.
This role offers the opportunity to combine technical expertise and commercial insight in a position that will make a meaningful contribution to our continued growth and success.
Please Note - this role must be based in Bermuda and business travel may be required to the UK or US occasionally.
What you'll be doing:
-
Owning all technical aspects of pricing of annuity, longevity, and protection / mortality reinsurance business opportunities with high accountability for accuracy, timeliness and quality control
-
Supporting longevity assumption setting and underwriting activities, working closely with Head of Pricing
-
Developing, managing and implementing pricing systems and processes including the review of existing systems and the development and implementation of new ones
-
Supporting relationships with clients, prospects and retrocessionaires in all territories.
-
Providing actuarial support to other areas of the business, including contributing to business planning, reporting and ad hoc business requests and projects.
-
Coaching junior members of the team to support career progression and quality excellence.
-
Developing and maintaining highly collaborative and effective relationships at all levels within the organization.
Qualifications
Who we're looking for:
-
Must be an Associate or Fellow of the Institute & Faculty of Actuaries (or similar, e.g. ASA/FSA or ACIA/FCIA)
-
At least 5 years of relevant experience in the re/insurance or pension consulting industry, preferably with 3 years focused directly on pricing life or annuity business
-
Strong written and verbal communication skills, with the ability to support in the preparation of high-quality Committee and Board papers
-
Strong Excel skills, including complex formula construction and structured workbook design.
-
Demonstrated understanding of technical aspects of external regulatory reporting, capital and solvency requirements and IFRS reporting.
-
Demonstrated ability to interpret financial information, identify key issues based on this information and propose controls and measures to address them.
-
Ability to design and implement efficient, robust and effective actuarial processes, incorporating AI tools and managing appropriate controls.
-
Strong written and verbal communication skills, with the ability to support in the preparation of high-quality Committee and Board papers.
Additional Information
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.
