Hamilton

Associate

Qualified

Life

Investments

Property & Casualty

Reporting

Risk

Systems

Bulk Annuities

Pricing

Valuation

Capital

Longevity

Excel

Legal & General is a British multinational financial services company established in 1836. It provides various products and services, including life insurance, retirement plans, investments, and mortgages. Legal & General focuses on long-term stability and security, with a strong emphasis on responsible investing and sustainability. It operates globally and serves millions of customers.

Legal & General

Company DescriptionLegal & General Reinsurance is a Bermuda-based specialist life reinsurer. We are the global reinsurance hub of Legal & General Group Plc, a multinational financial services company established in 1836. We provide life reinsurance solutions to clients in the UK, Europe, the US, and Canada.Job DescriptionThe Capital Management Actuary will play a critical supporting role in executing L&G’s Bermuda-based business strategy. L&G currently operates three commercial reinsurance entities based in Bermuda, each facing different liabilities and markets. The Role Holder will be required to work across all three entities, gaining in-depth knowledge and experience across US, UK, Canadian, and European products and regulatory frameworks.What you'll be doing:<ul><li>Assisting with the oversight of internal reinsurance arrangements, ensuring that contractual obligations are met and represent the interests of our Bermuda entities. This will involve collaborating with various other teams around the Group to structure and implement new arrangements.</li><li>Managing the Companies’ regulatory balance sheets and recommending actions to ensure solvency remains within risk appetite. This includes providing insights into the capital efficiency of strategic initiatives and new business opportunities.</li><li>Providing actuarial and capital management support for Bermuda-oriented ad-hoc investigations and strategic projects. This could involve working as a committed project team member for several months on-end.</li><li>Reviewing pricing assumptions for new business and recommending adjustments to ensure consistency with the Group’s Pricing Standards.</li><li>Producing Management Information packs for Board and Committees.</li><li>Recommending assumptions and methodology for the annual CISSA exercise and overseeing the CISSA process to ensure the CISSA capital remains within risk appetite.</li><li>Assisting in setting the assumptions used in the Bermuda Economic Balance Sheet (“EBS”) valuations.</li><li>Reviewing adequacy of EBS Technical Provisions and assisting in annual certification to the Bermuda Monetary Authority.</li><li>Ensuring the ongoing integrity of actuarial valuation systems and models and effectiveness of relevant actuarial controls.</li><li>Delivering effective written and verbal communication, including report writing and presentations, to all relevant parties to support effective decision making and manage the smooth delivery of business objectives.</li><li>Developing and maintaining collaborative and effective relationships at all levels within the organization, across the Group as well as externally. This will include actively promoting L&G Re’s culture of ownership and acting as a role model for the L&G behaviours (Challenge Positively, Commit Together, and Act Decisively).</li><li>Ensuring that appropriate professional standards are maintained, including meeting deadlines and maintaining appropriate records that meet internal and regulatory requirements.</li></ul>QualificationsWho we're looking for:<ul><li>Recently qualified Life Actuary.</li><li>Preference for actuarial experience in UK, US, European, and/or Canadian pension risk transfer business.</li><li>Demonstrated ability to understand, apply, interpret, and effectively communicate technical aspects of complex financial and business transaction information.</li><li>Demonstrated ability to design and implement efficient, robust, and effective actuarial processes, incorporating appropriate controls.</li><li>A commercial awareness and understanding of the wider business, as well as the economic, market, and regulatory environment in which L&G Re operates.</li><li>A proven track record of excellent relationship management with peers and senior management, ideally including international stakeholder management in a global organisation.</li><li>Ability to apply strategic judgement and pragmatism in order to achieve business aims.</li><li>Ability to take a balanced view, considering the views of others and potential risks, combined with the personal confidence to take decisions and to see them through.</li></ul>Additional InformationAt L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive 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, you will be empowered through initiatives that support people to develop their careers and excel. We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time, and job shares.Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential, and connection to our purpose.

Company DescriptionLegal & General Reinsurance is a Bermuda-based specialist life reinsurer. We are the global reinsurance hub of Legal & General Group Plc, a multinational financial services company established in 1836. We provide life reinsurance solutions to clients in the UK, Europe, the US, and Canada.Job DescriptionThe role of Senior Reporting Actuary supports the L&G Re performance strategy, focusing on actuarial reporting projects. This includes monthly reporting of annuity and longevity reinsurance business for L&G Re and reporting the L&G Re entity profits and solvency in a timely and accurate manner.This role requires an actuary with reporting experience and the ability to review and challenge the reporting results, methodology, and controls. It also provides actuarial project support for onboarding new business, group-led projects, internal model change projects, investment projects, and other balance sheet management projects.What you'll be doing:<ul><li>Work collaboratively across multiple teams to perform and review actuarial numbers for the company.</li><li>Actuarial bases will include IFRS, Solvency II, EBS, and Liquidity, requiring review and validation of actuarial calculations and supporting new methodologies in response to regulatory changes.</li><li>Collaborate with Group Divisions to maintain and enhance our reporting capabilities, supporting L&G Re's international growth.</li><li>Provide actuarial project support for new business onboarding, group-led projects, and balance sheet management initiatives.</li><li>Prepare insightful reports and analyses for senior management, contributing to strategic decision-making.</li><li>Understand the impact of business strategies that may include longevity, protection/mortality, and non-life reinsurance business for external business and internal retrocession.</li><li>Deliver effective written and verbal communication, including report writing and presenting to all relevant parties to support effective decision-making and manage the smooth and integrated delivery of business objectives.</li></ul>QualificationsWho we're looking for:<ul><li>A fully qualified Actuary.</li><li>A minimum of seven years of relevant experience in the life insurance sector.</li><li>Significant experience and understanding of individual and bulk purchase annuity business and longevity swaps are required, with experience in the UK and/or Canadian market strongly preferred.</li><li>Deep technical understanding of IFRS, Solvency II, and preferably the Bermuda EBS framework.</li><li>Demonstrated understanding of compliance standards for actuarial reporting, with the proven ability to identify key issues and design and implement efficient, robust, and effective actuarial processes and controls.</li><li>Ability to take a balanced view on a range of actuarial and commercial matters.</li><li>Strong communication skills, both written and verbal.</li><li>A track record of excellent relationship management and stakeholder engagement.</li></ul>Additional InformationAt L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive 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, you will be empowered through initiatives that support people to develop their careers and excel.We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time, and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential, and connection to our purpose.

Company Description: Legal & General Reinsurance is a Bermuda-based specialist life reinsurer and the global reinsurance hub of Legal & General Group Plc. We provide life reinsurance solutions to clients in the UK, Europe, the US, and Canada.Job Description: We’re recruiting for a Pricing Actuary to join us. We’re offering a competitive base salary, great benefits, and the opportunity to support on the pricing of all annuity, longevity, and protection/mortality reinsurance business opportunities, including supporting with the writing of Committee and Board papers.What you'll be doing:<ul><li>Supporting the pricing of all annuity, longevity, and protection/mortality reinsurance business opportunities.</li><li>Supporting pricing systems and processes, including the review of existing systems and the development and implementation of new ones.</li><li>Supporting the team with the writing of Committee and Board papers.</li><li>Supporting relationships with clients, prospects, and retrocessionaires in all territories.</li><li>Providing actuarial support to other areas of the business, including contributing to business planning, reporting, and ad hoc business requests and projects.</li><li>Coaching others to achieve and maintain optimal employee engagement.</li><li>Developing and maintaining highly collaborative and effective relationships at all levels within the organization.</li><li>Actively promoting L&G Re’s culture of ownership across the organization and being a role model for L&G's behaviors of being Straightforward, Collaborative, and Purposeful.</li><li>Carrying out duties with integrity, purpose, and diligence, ensuring that appropriate professional standards are maintained, that the pricing requirements and deadlines are met, that records are maintained appropriately, and that the actuarial processes are fit for purpose and meet internal and regulatory requirements.</li><li>Running and maintaining reinsurance contract administration systems and processes to reconcile and process regular client reinsurance premiums and claims for clients.</li></ul>Qualifications:<ul><li>An Associate or Fellow Life Actuary.</li><li>A minimum of 5 years’ relevant experience within the re/insurance industry or pension consulting industry, 3 of which must be directly within pricing life/annuity business and/or structuring transactions.</li><li>Demonstrated understanding of technical aspects of external regulatory reporting, capital and solvency requirements, and IFRS reporting.</li><li>Ability to design and implement efficient, robust, and effective actuarial processes, incorporating and managing appropriate controls.</li><li>Ability to demonstrate strong technical actuarial skills as well as the ability to apply a balanced judgment of risks and the views of others to achieve business aims.</li><li>Demonstrated ability to develop effective professional relationships at all levels throughout an organization, as well as internal stakeholder management.</li><li>Demonstrated ability to act independently, as well as part of a team, and apply sound judgment and pragmatism to achieve business aims.</li><li>A keen commercial awareness, as well as a good understanding of the economic, market, and regulatory environment in which L&G Re operates.</li><li>Must be very organized, highly efficient, and enjoy working in a fast-paced dynamic environment, with the ability to deliver reliable work of high quality in demanding timescales.</li></ul>

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