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Overview
Legal & General is a leader in Pension Risk Transfer with over 35 years of experience globally, servicing over a million annuitants. Building on our global success, we established our Pension Risk Transfer platform in the US in 2015. The business has grown steadily and in 2022 we eclipsed $2 billion in premium written.
At Legal & General Retirement America (LGRA), our purpose is to secure the retirement of the people we serve and positively impact our communities. We are passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more. Our goal is to build a unique environment where balance between work and life is possible.
Team and Role Overview
LGRAs PRT pricing team is composed of actuaries at all levels from recent hires to industry veterans. Our team is seeking candidates looking to grow and develop in a new role. Candidates who succeed in the role quickly learn complex actuarial models, collaborate well in a fast-paced work environment, and diligently deliver timely analysis despite ambiguity and obstacles.
This role has two principal functions: transaction pricing and post-sale support.
For transaction pricing, youll partner with three to five actuaries and use proprietary actuarial software and mortality models to analyze request for proposals (RFP) from de-risking pension plans. Youll evaluate risks, model annuity liabilities, and efficiently determine pricing and risk measures.
Post-sale support includes transaction trueups for premium and interest adjustments, and benefit calculations as deferred participants annuitize. During post-sale support, youll work in a cross-functional role with individuals across multiple teams, learn defined benefit plan provisions, and understand pricing risks from a new perspective.
Responsibilities
Evaluate transaction features to understand and properly model contractual guarantees
Prepare annuitant data for modeling and project expected asset and liability cash flows
Calculate and analyze capital and profit metrics for PRT transactions
Assist with post-sale transaction maintenance, including individual benefit calculations for payout annuities
Learn, use, and improve pricing software and assist in the teams continuous improvement efforts
Requirements
- Bachelors degree in mathematics, statistics, or a related quantitative analysis field
- Completion of 1-2 Society of Actuaries examinations
- For Senior Actuarial Analyst level, 1-2 years of experience in life, health, or pension consulting preferred
- Facility and efficiency with Microsoft Excels data manipulation and analysis features
- Strong collaboration skills: youll work with multiple teams in a matrixed environment
- Proven ability to manage and deliver several responsibilities with time-sensitive deliverables
- Intrinsic motivation, work ethic, can-do attitude, and perseverance
Benefits
- Health benefits, including medical, dental and vision coverage.
- Supplemental health benefits and life insurance.
- Vacation and floating holiday benefits, including a Summer Friday program.
- PTO for volunteering, sick days, and personal days.
- 6 weeks paid parental and maternal leave.
- Immediate vesting into a 401k savings plan with up to 6% company match.
- 100% employer contributed Pension Plan - Cash Balance Plan after 1 year of service.
- Flexible Workspace and Arrangements.
- Tuition and Certification reimbursements.
- Infertility and domestic partner benefits.
**This role is to be filled outside of the state of Colorado**
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Legal & General Retirement America
