Applications for this job are now closed
Your role at a glance
Are you looking for an exciting opportunity to earn while you learn?
The L&G Actuarial Graduate scheme has been designed to help you reach your potential. You will develop your skill set, gain valuable work experience and complete a fully funded professional qualification, all whilst earning a competitive salary with access to outstanding employee benefits.
With support every step of the way and access to core skills training, you will contribute to the success of a team and be supported by a line manager with Actuarial experience. As part of a cohort of graduates, you will also have the opportunity to connect with your peers and colleagues though networking opportunities and social events.
Joining L&G is the beginning to a future that will be anything but familiar. So take a closer look, get involved, be curious and find out how we will enable you to be at your best no matter who you are.
Please note this role is part of a rotational programme and the first rotation will be based in London. This means your second rotation will be based in Hove and you will continue to rotate until you qualify.
We can only accept one application per cycle for our graduate roles, so please consider this before submitting as your first application will be considered your only application.
We recruit on a rolling basis and expect this vacancy to close before the deadline. To be in with the best chance of securing a role, please submit your application ASAP
What you'll be doing
Actuarial work is central to ensuring a profitable, well run insurance business and your work will support the success of a FTSE 100 company with a focus on inclusive capitalism to build a better society. Our Actuaries work throughout the business measuring, predicting and managing areas of the business with the aim of giving its customers ‘value for money’. As part of our graduate scheme, you will rotate through different business areas to build up a breadth of knowledge and become a well-rounded actuary. Your first placement will be in Hove; however, every 18-24 months you will rotate through different teams and office locations, developing not only your professional network but also your actuarial expertise.
Our Graduate Programme has been designed to give you the fundamental experience and skill set to excel at Legal and General. You’ll join with a cohort of graduates and take part in our thoughtfully designed Legal and General Future Talent Induction, providing you with insights about our business and helping you connect with your new peers to grow your professional network.
In this role, you will join us on a full-time permanent basis and receive on the job training and coaching from your line manager and team to help you expand on both your business acumen and quantitative and qualitative skills. Alongside this you’ll study for an industry recognised professional qualification from the Institute And Faculty of Actuaries. Combined, these will fully equip you to be successful in your role, with the knowledge and skills required to apply to real world business challenges.
During the programme you will experience multiple aspects of actuarial work such as:
- Pricing: Perform actuarial investigations and calculations to support pricing decisions and create bespoke quotations for large schemes.
- Risk analysis: Manage the production of regular experience investigations for our products in order to understand the impact of changes in mortality, morbidity, expenses and persistency.
- Regulatory reporting: Deliver the company and statutory financial reporting results to tight deadlines, including the supporting commentary.
- Modelling: developing and maintaining actuarial models, code, and software to solve problems and ensure that decision making is based on robust figures.
- Communication to senior stakeholders: Summarise the performance of insurance products or the results of an investigation to present to senior management
- Marketing: Support actuaries in product development, commercial deals and pricing innovations.
What we're looking for
We are looking for people with an inquisitive mind and a desire to learn. We’re not expecting prior industry experience, but we’ll want to see that you have the tools to develop quickly. These include:
- 2.1 degree in a numerate subject
- Strong analytical skills and great communication skills
- Someone flexible who is also a team-player
- A highly organised individual, who has the ability to prioritise effectively
Benefits
The Legal & General study package is designed to give you the opportunity to progress quickly through the actuarial exams, with paid study days, study materials, tutorials from external providers and professional fees included.
Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 25 days’ holiday, private medical insurance, discretionary performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products. Your hard work will be rewarded when you join us.
About L&G
As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So, whoever you are, wherever you are, whatever your story, we'd love to hear from you.
About the business area
Our rotational programme means that you could be working in any of our divisions which include Group, LGI (Legal and General Insurance), LGRI (Legal and General Retirement Institutional), LGIM (Legal and General Investment Management) and LGC (Legal and General Capital). This also means moving to different office locations for each rotation too; you will have placements in both our main offices, which are Hove and London. If your first rotation is in Hove, your second will be London and you will continue to rotate until you complete your qualification. Wherever you are placed you will be delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.
Our Commitment to Equal Opportunities
We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.
Bringing out the best in you
We believe that good businesses are built on doing the right thing and strive to do what is best for both our people and our customers. This means, enabling you to bring your best self to work by giving you what you need, when you need it.
This is why we have designed a process that puts you in control, because we recognise your time is valuable. At each step, make sure you take time to pause and reflect before progressing to the next, as each subsequent step will ask for a bit more of your time.
We want you to feel comfortable that this process is as fair and inclusive as possible, so please let us know if you need an accommodation for any disability.
At each step we will give more information and clear instructions on what actions you need to take. You will be screened at each of these steps. In brief our recruitment process will include:
The application to this role asking you to upload your CV, application questions, completion of information to assess your eligibility based on your degree, online testing (General Ability), a recorded video interview, and an assessment centre (an interview, a presentation and a group exercise).
For any queries please contact futuretalentrecruitment@landg.com . Please note we are unable to accept email applications.
