Royal London Group

Macclesfield – United Kingdom
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Royal London Group
Job ID:
Posted On: 
14 April 2023

Job Title: Actuary

Contract Type: Permanent

Location: Alderley Edge, Edinburgh, Glasgow or London

Closing date: 27th April 2023

At Royal London we believe your difference is our strength and our organisation benefits from the different perspectives that diversity brings. Studies have shown that people from under-represented groups are less likely unless they meet every requirement. So, if you’re excited about this role but your past experience isn’t a perfect fit with the job description, we encourage you anyway as you may be the right candidate for this or other opportunities.

About the role

We are looking for an Actuary to join the Annuities team on a permanent basis. The role will be focused on producing Internal Ratings for Illiquid assets, alongside providing support to the development of credit risk approaches for these assets. As an important member of the team, you will provide specialist actuarial advice and analysis required by the Group, either as a technical expert or through the management of a team of actuarial professionals. We do not require direct previous experience of this type of work.

This is an exciting opportunity to play a key role in helping to shape the annuities team as we continue to develop and grow.

Key responsibilities

-Carry out financial analysis using complex actuarial and analytical techniques to support team, department or wider business planning and other activities as required
-Challenge and make improvements and efficiencies to data, processes, procedures, and documentation to make them more accurate and/or efficient
-Provide specialist advice and interpretation of data and results to colleagues and senior managers across the department and the wider business
-Write and present reports to colleagues and senior managers across the department and the wider business


-Qualified Actuary (FIA or FFA) with relevant professional experience and an excellent understanding of the actuarial concepts and techniques required to fulfil the role
-Ability to communicate in a professional manner with colleagues and senior managers
-Highly numerate and excellent problem-solving skills
-Excellent understanding of life and pensions products including competitors’ products

What we offer

We’ve always been proud to reward our employees by offering a number of great benefits including:

-A generous group pension scheme (up to 14% matching employer contribution)
-28 days annual leave plus bank holidays with the option to buy/sell up to 5 days
-Annual company and performance based bonus
-Life assurance (up to 8 x annual salary)
-Enhanced parental leave policies
-Private medical insurance
-Employee Assistance Programme – Access 24/7 to confidential health, legal & financial advice

Full details can be found on our 


About Royal London

Royal London is the largest mutual life insurance, pensions and investment company in the UK.  Since its foundation 160 years ago, Royal London has supported millions of people to protect and provide for themselves and their families.

At Royal London, our
eople Promise
is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This promise has been at the heart of our approach to hybrid working, ensuing a balance of time working in our offices, supporting the culture of collaboration and inclusion and some working time from home, so we can all continue to benefit from the flexibility this brings. Our hybrid working approach is built around our mutual mindset, thinking about what is good for us as individuals (the ‘me’) and in the context of what is right for our customers, our colleagues and The Royal London group (the ‘we’). Together we belong- collaborate – learn and perform.

Our expectation is that colleagues working in hybrid roles will come into the office for 50% of their time, and the rest from home. We want to be as consistent as we can with our approach but we also appreciate some colleagues need adjustments based on personal circumstances. (e.g. to support a disability, or caring responsibility) and / or may wish to formally seek a flexible working pattern in line with our flexible working policy.

We appreciate the world of work continues to evolve and we will continue to listen to our colleagues views on this whilst ensuring our on-going approach is right for our business and customers.

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 b Apply different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.

Our Alderley Park office is situated in 400 acres of natural parkland, based 2.2 miles south of Alderley Edge and 6.5 miles from Macclesfield in our newly refurbished site. We offer a free shuttle service to and from the office from Wilmslow train station and offer free on-site parking with electric car charging points.

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