Actuarial Analyst

Company: Legal & General Retirement America
Location: Stamford
Posted on: May 25, 2023

Job Description:

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


LGRA's 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, you'll 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. You'll 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, you'll 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 team's continuous improvement efforts


Requirements


Bachelor's degree in mathematics, statistics, or a related quantitative analysis field

Completion of 1-2 Society of Actuaries examinations

For Actuarial Analyst level, at least one actuarial internship preferred

Facility and efficiency with Microsoft Excel's data manipulation and analysis features

Strong collaboration skills: you'll 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.

Keywords: Legal & General Retirement America, Stamford , Actuarial Analyst, Professions , Stamford, Connecticut