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