Job Title: Longevity Reinsurance Actuary
Contract Type: Permanent
Location: London OR Alderley Edge
Working style: Hybrid 50% home/office based
Closing date: 4th May 2026
We are looking for a talented Newly/Nearly Qualified Actuary to support our Longevity Reinsurance team, working within Royal London’s Bulk Purchase Annuities (BPA) and Longevity Risk function.
This Actuarial Analyst / Actuary role in Longevity Reinsurance has arisen due to the planned growth of our BPA business and offers an exciting opportunity to contribute to longevity risk management, reinsurance structures and pension de‑risking solutions. You will play a key role in supporting Royal London’s long‑term financial strength while helping insurers and pension schemes manage longevity risk.
We are proud to support flexible and hybrid working, and we welcome applications from candidates with diverse backgrounds and a range of actuarial experience.
About the Role
As an Actuary in Longevity Reinsurance, you will:
* Support the administration and ongoing management of longevity reinsurance treaties, including longevity swaps, as part of a wider Longevity Risk team
* Assist with the implementation, onboarding and monitoring of new longevity reinsurance transactions
* Analyse mortality and longevity experience data to support pricing, risk assessment and business decision‑making
* Provide actuarial insights and technical advice to internal stakeholders across BPA, Risk and Capital teams
* Support compliance with regulatory requirements, governance frameworks and internal actuarial standards
* Contribute to Royal London’s BPA and longevity reinsurance growth strategy
About You
To be successful in this Longevity Reinsurance Actuary role, you will be:
* A Newly or Nearly Qualified Actuary (IFoA or equivalent) with experience in longevity reinsurance, BPA, pensions, or life insurance
* Experienced in longevity modelling, actuarial analysis or mortality experience investigations
* Highly analytical with strong problem‑solving and data interpretation skills
* Confident communicating actuarial concepts to non‑technical stakeholders
* Able to manage complex actuarial projects in a collaborative, hybrid working environment
* Motivated by working in financial services, insurance, pensions and reinsurance, with a desire to make a positive impact
About Royal London
We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.
Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.
We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits
Inclusion, diversity and belonging
We’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.