Pricing Manager - Retail Protection

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Company Description

Legal & General supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses.

Our Retail division helps people enjoy a more colourful retirement, both directly and through their employers, including Lifetime Mortgages, Retirement Interest Only Mortgages and financial advice on our range of lending products.

We are the UK's number one individual life insurer, and also provide Group Protection products for employers - all helping people to plan for the unexpected. We support home buying through our Mortgage Club - the UK's largest - and our award-winning Surveying Services team. And our fintech team finds and supports socially useful start-ups and scale-ups working in the workplace, home, insurance and wealth areas.

Joining us means helping create brighter financial futures for all our customers.

Job Description

We're currently recruiting for a Pricing Manager to join our Retail Protection - Commercial Pricing team here at L&G. We're offering a competitive base salary, great benefits plus the opportunity to join a well-established, collaborative and innovative team.

As a Pricing Manager you will be responsible for pricing new and existing insurance business, as well as supporting on reinsurance activity to help meet both the profit and growth ambitions of the Retail Protection business.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our idyllic Hove offices to help achieve a work-life balance that works for you.

What you'll be doing:

• Pricing both new and existing insurance policies, ensuring that the pricing process is efficient and robust.
• Supporting on Reinsurance analysis and re-tender work as appropriate.
• Developing new distribution and new products by providing pricing expertise and any additional actuarial support as required.
• Ensuring that changes to products, literature, systems, models, and processes meet regulatory, statutory, and professional requirements whilst maintaining operational and product integrity.
• Providing actuarial expertise to assist in the delivery of new projects and initiatives developed within the Insurance business unit.
• Managing internal relationships so that any changes to risk management, products or processes meet agreed standards and reinsurer expectations.
• Ensuring that appropriate systems and controls are in place and risks identified and escalated where appropriate to meet the Legal & General Customer Experience and Treating Customers Fairly Policy.
• Identifying and developing new pricing concepts, taking into consideration pricing trends within the market.

Qualifications

Who we're looking for:

• A Nearly/Newly Qualified Actuary or equivalent.
• Previous insurance pricing experience (this can be either Life or General Insurance experience)
• A detailed understanding of the actuarial techniques used for pricing long term insurance products.
• Knowledge of Protection products and the impact of product features on risk assumptions.
• Knowledge of Protection products and the impact of price and product features on conversion.
• Strong Technical skills - ideally in one or more of; Prophet, Excel, R Studio, VBA, SQL, Snowflake

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Private medical insurance
• At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
• There are the many discounts we offer - both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.

Videos To Watch
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