Job Description
Contract type: Permanent
Location: Alderley Park
Working style: Hybrid 50% home/office based
To help us manage applications effectively, we reserve the right to close this vacancy early once we have received a high number of applications or identified enough suitable candidates for the next stage of the process. We encourgage you to apply as early as you can.
We are looking for a talented Actuary to support our Longevity Assumptions Development, working within Royal London’s Longevity Team.
About the Role
As an Actuary in Longevity, you will support:
- the development of our methodologies for mortality improvement, postcode rating and other components of the assumptions
- the calibration of the demographic assumptions for the pricing and valuation of individual and bulk annuities
- expansion of our assumption sophistication to support proposition development
- development the longevity risk models to ensure our assessment of risk and capital requirements remains appropriate
- compliance with regulatory requirements, governance frameworks and internal actuarial standards
About You
- A Newly or Nearly Qualified Actuary (IFoA or equivalent) with experience in longevity, BPA, pensions, or life insurance
- Experienced in longevity modelling, actuarial analysis or mortality experience investigations
- Highly analytical with strong problem‑solving and data interpretation skills
- Confident communicating actuarial concepts to non‑technical stakeholders
- Able to manage complex actuarial projects in a collaborative, hybrid working environment
- Motivated by working in financial services, insurance, pensions and reinsurance, with a desire to make a positive impact
If you feel you’d be a great fit but don’t meet every requirement, we’d still love to hear from you. If you meet most criteria and are keen to learn, we encourage you to apply.
About Royal London
We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.
Our People Promise is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate and Achieve. We offer a competitive benefits package including 28 days’ annual leave plus bank holidays, up to 14% employer pension matching and private medical insurance.
Inclusion, diversity and belonging
We’re an inclusive employer and value different backgrounds and cultures across Royal London. Our diverse people and perspectives bring a range of skills which are recognised and respected.
We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.
Royal London is a purpose-driven mutual. Our Purpose, ‘Protecting today, investing in tomorrow. Together we are mutually responsible’, defines the impact we want to have. It shapes what we do on behalf of our members and customers, financial advisers, our colleagues and the communities in which we operate. Our People Promise is our collective commitment that our workplace will be inclusive, responsible, enjoyable and fulfilling where all colleagues can thrive and experience a sense of belonging. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.
Our inclusive values and people promise are core to who we are and how we work. It’s good for our people, and good for our customers too, because with an inclusive workplace and a diverse workforce we will reflect our members, customers and communities to deliver the best outcomes.
We celebrate and value different backgrounds and cultures across our organisation. Our diverse people and perspectives give us a range of skills which are recognised and respected– whatever their background.
Workplace Initiatives
Program for parents returning to work after Parental Leave? |
No |
Leadership development programmes? |
Yes |
Mentoring programmes? |
Yes |
Coaching programmes? |
Yes |
Employee-led diversity networks? |
Yes |
Internal women’s networking groups? |
Yes |
Open to discussing flexible work arrangements at interview stage? |
Yes |
No. of weeks paid maternity leave at full salary: |
26 weeks (followed by 13 weeks half pay) |
Minimum weeks tenure required to be eligible for paid maternity leave: |
Open to all regardless of length of service |
No. of weeks paid paternity leave at full salary: |
4 weeks |
Minimum tenure required to be eligible for paid paternity leave: |
Open to all regardless of length of service |
Gender pay gap reporting information 2022: |
|
Mean pay gap: |
35.3% |
Median pay gap: |
33.9% |
Mean bonus gap: |
70.4% |
Median bonus gap: |
48.5% |
Signatory of the UK Women in Finance Charter? |
Yes |
Targets to raise the number of women in leadership? |
Yes |
Targets to raise the number of BAME individuals in leadership? |
No |
Listed in the Bloomberg Diversity & Inclusion Index? |
No |
Graduate Programmes
We have a number of graduate programmes designed to deliver technical experts and future leaders.
Royal London Career Confidence programme
Our hybrid programme focuses on equipping you to feel empowered in your career and supported to explore new opportunities as they arise.
Apprenticeships
We offer a wide range of Apprenticeships that are targeted at both new joiners and existing colleagues.
Inclusion
We promote an inclusive culture at Royal London and have a range of inclusion networks for our colleagues to get involved with.
Our Women's Network is a community that celebrates and supports its members, helps everyone to learn more and inspires all of us to aim higher. Confidence and development are strong themes here and our events focus on three key areas of team working, finance, and wellbeing. There are two sub-groups to the Women’s Network – Women in Technology and our Periods and Menopause Group – focused on actions such as supporting over 20 new Periods and Menopause champions and launching guidance and training for leaders.