Senior Financial Reporting Actuary

Company Description

Legal & 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 Description

The 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:

• Work collaboratively across multiple teams to perform and review actuarial numbers for the company.
• 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.
• Collaborate with Group Divisions to maintain and enhance our reporting capabilities, supporting L&G Re's international growth.
• Provide actuarial project support for new business onboarding, group-led projects, and balance sheet management initiatives.
• Prepare insightful reports and analyses for senior management, contributing to strategic decision-making.
• Understand the impact of business strategies that may include longevity, protection/mortality, and non-life reinsurance business for external business and internal retrocession.
• 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.

Qualifications

Who we're looking for:

• A fully qualified Actuary.
• A minimum of seven years of relevant experience in the life insurance sector.
• 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.
• Deep technical understanding of IFRS, Solvency II, and preferably the Bermuda EBS framework.
• 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.
• Ability to take a balanced view on a range of actuarial and commercial matters.
• Strong communication skills, both written and verbal.
• A track record of excellent relationship management and stakeholder engagement.

Additional Information

At 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.