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Assistant Commercial Actuary - Lifetime Mortgages, London
Client:
LegalAndGeneral
Location:
London, United Kingdom
Job Category:
Other
-
EU work permit required:
Yes
Job Reference:
f5a6af98a991
Job Views:
6
Posted:
22.06.2025
Expiry Date:
06.08.2025
Job Description:
We are 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, contributing to innovative solutions and maximising Group value. This is a hybrid working opportunity, allowing flexibility between home and our London office.
What you'll be doing:
* Supporting the design and delivery of pricing strategies in collaboration with stakeholders to gain competitive advantage
* Developing variants of existing LTM products to better manage risk
* Working with lenders on new product initiatives, focusing on financial cases, risk management, and developing pricing and reporting models
* Monitoring and managing the risk profile of LTM portfolios and implementing risk improvement techniques
* Collaborating on pricing strategies, rating, and capital treatment of new products
* Ensuring processes and controls deliver good customer outcomes aligned with Treating Customers Fairly (TCF) principles
* Discussing potential product design changes to meet customer needs
* Supporting international market work, including Dutch retirement lending
Qualifications:
* Nearly or newly qualified actuary (via IFoA or equivalent) with relevant experience
* Strong knowledge of actuarial techniques and regulations like Solvency II
* Experience in lifetime mortgages and/or pricing is desirable but not essential
* Excellent communication skills for stakeholder presentations
* Achievement-driven, adaptable, and customer-focused
* Analytical, judgmental skills, and problem-solving creativity
* Committed to professional development and high ethical standards
Benefits include:
* Performance-related bonus and share schemes
* Generous pension, life assurance, healthcare
* At least 25 days holiday, plus public holidays, with holiday purchase options
* Family leave, electric car scheme, discounts, and modern office spaces
At L&G, we foster an inclusive culture, valuing diversity and flexible working. We welcome applicants with diverse strengths and backgrounds, even if they don’t meet every criterion.
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