Actuary (Reporting/Financial Risk)

Your role at a glance

We have a fantastic opportunity available within our Financial Risk team as a Reporting Actuary.

This is a varied and interesting role within our L&G Retirement division that comes with a broad remit that will gain you exposure across the business and give you the opportunity to work alongside other teams within the Retirement division and more broadly across the Group.

What you’ll be doing

You will be responsible for the production and analysis of stress and scenario tests (SSTs). These SSTs are produced for both external disclosure and for internal risk management.

• Providing timely and accurate delivery of IFRS and Solvency II balance sheet sensitivities, including analysis and commentary on movements between reporting periods.
• Managing the production of MI used to help manage our ALM position, tailoring communication to meet the needs of stakeholders.
• Building and maintaining effective relationships with stakeholders including other teams in L&G Retirement Finance, L&G Retirement Investments and Group Finance. Ensuring communication is clear, concise, and tailored to the needs of stakeholders.
• Leading the development, implementation and maintenance of the team’s reporting systems and processes. Ensuring systems and processes are robust, with any associated risks assessed and appropriately controlled.
• Supporting the prioritisation and implementation of methodology changes.
• Effectively planning the required activities for assigned deliveries; including allocating resources to meet the needs of stakeholders and the maintenance and development of financial risk reporting assumptions and methodologies.
• Demonstrating an attitude of continuous improvement and taking responsibility for improving the efficiency and effectiveness of specified areas within the team.

What we’re looking for

• A Nearly/Newly Qualified Actuary (However we are open to more experienced candidates)
• Strong communication and interpersonal skills
• Experience in/a good working knowledge of; reporting metrics: IFRS, Solvency II etc., Bulk and individual annuity products, UK finance sector, Risk and regulatory requirements,
• Highly analytical with the ability to review results for reasonableness
• Life Insurance experience would be advantageous but is not required

Benefits

When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.

If you join us, you’ll get access to some great benefits, including private medical insurance, 27 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave. 

You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings. 

About L&G

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

About the business area

Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.  

Our commitment to Equal Opportunities

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.