Royal London is a financial services company with a difference. As the UK’s largest mutual life, pensions and investment company, we’re owned by our members and work for their benefit, not for shareholder profits. We’ve grown rapidly and have been recognised as one of the UK’s top rated places to work.

The Actuarial Team are currently recruiting for a Newly Qualified Actuary to join the team on a 12 month secondment. You will be involved in the production and input of actuarial assumptions into the MF-ALFA modelling software. These assumptions will cover both BAU and development/project work.

What will you be doing

• Actuarial assumptions include those related to IM/SF SCR, IFRS/EEV, Analysis of Change, Asset Liability Modelling (ALM) and With Profit Management (WPM). They will cover all of demographic, economic, with-profit management and IM/SF stress assumptions.
• Undertake technical analysis using actuarial and analytical techniques with the aim of improving assumption processes/methodologies
• Proactively identify, challenge and make improvements/efficiencies to existing processes which have a high level of risk or control failure

What we’re looking for

• You will ideally be a qualified actuary with excellent understanding of actuarial concepts and techniques
• We will also consider Actuarial Trainee’s who are a maximum of 5 exams away from qualification
• In particular you will display a high level understanding of valuation techniques (prospective and retrospective), calculation of FPRLs, Analysis of Change and calculation of SCR
• Knowledge of LSMC techniques and calculation of IM SCR is also desirable

Skills that will help you in the role

• Excellent communication skills, verbal and written
• Able to take initiative, strong problem solving and numerical skills
• Highly proficient in use of Excel (VBA desirable). Good understanding of MG-ALFA and/or actuarial modelling software. Excellent general IT skills

What we offer

• We've always been proud to reward employees by offering a number of benefits
  such as Pensions and Protection, Performance and role-related benefits, Lifestyle and Wellbeing 
• Our culture comes from within, or to put it another way, it comes from our people. It’s what makes Royal London a great place to work.
• Our People Promise is something we live up to every day. We know we can rely on you, and you can expect plenty from us in return.
• Glassdoor have ranked as among the best places to work and this year we entered the top 10 

We are an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.

In fact, the first pillar of our People Promise is designed to make sure you 'work somewhere inclusive'. We want to live up to this promise; it’s good for our people and good for our customers too, because our workforce should reflect our communities.