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Investment Reporting Actuary
Your role at a glance
We have a fantastic opportunity for a Qualified Actuary to join the Investment Reporting team in Legal & General Retirement Institutional (LGRI) as an Investment Reporting Actuary.
In this role you will take ownership of the production of IFRS and Solvency II reporting metrics with a focus on the asset side of the balance sheet. This will require you to be well organised to meet monthly deliverables, as well as providing relevant analysis and commentary on results. You will also need to be flexible and pragmatic in your approach so you can respond to ad-hoc queries from across the business.
Taking innovative approaches to problem solving and having strong stakeholder management skills are also essential in this role, as you will work with numerous teams as part of the reporting process and also be expected to present results onwards to the business.
Proficiency in Excel and experience of Cashflow Modelling with R would also be highly advantageous for this role.
What you'll be doing
- Financial metrics delivery- The key monthly requirements are the production of the IFRS VIR and SII MA as well as ALM and sensitivity metrics. You will also take ownership of some of these deliverables in order to provide timely and accurate delivery and commentary of the results. Additionally accountabilities include but are not limited to analysis of IFRS and SII investment variance and profit and loss attribution, new business reporting, ad-hoc stress and scenario testing, model maintenance and developments, PRA requests, portfolio analysis / data requests, new asset projection methodologies and ongoing methodology and assumptions reviews.
- Stakeholder relationship management -You will represent LGRI Finance for IFRS and Solvency II reporting and related MI within the company, building and maintaining effective relationships with stakeholders including, but not limited to, other teams in LGR Finance, LGR Investments, Group Finance and auditors. This will include presenting and disseminating Solvency II and IFRS reporting results, incorporating specialist supporting analysis and commentary for reporting metrics.
- Management and Planning -You will own the effective prioritisation and scheduling of activities required for business as usual reporting, analysis, process developments and allocate resources to meet ad hoc requests.
- People Management -You will lead, manage, motivate, utilise and develop more junior team members, in a manner that is consistent with the Company’s policies and procedures including the Partnership Agreement, to maximise the performance of the area. You will also be responsible for the direct line management of 1 student actuary in the team.
- Process management and improvement -You will own the continual development, implementation and maintenance of the team’s reporting systems, processes and methodologies, ensuring that they are robust and that risks are assessed and appropriately controlled. You will also support the strategic direction for the team’s reporting systems, processes and methodologies and take responsibility for reviewing process flows and wastage within models to identify opportunities for improvement in efficiency and effectiveness.
- Change management -You will lead on the implementation of system, process and methodology changes as required for the ongoing production of the IFRS and Solvency II results and analysis. As well as supporting with the identification and prioritisation of methodological improvements.
What we're looking for
- A Qualified Actuary with previous experience in Life Insurance.
- IFRS and Solvency II reporting experience/knowledge.
- Analytical skills with the ability to review results for reasonableness.
- An understanding/experience in Asset Modelling and Cashflow Projection (preferably in R).
- A good understanding of risk and regulatory requirements.
- Strong communication and interpersonal skills.
- Team management, stakeholder management and mentoring experience.
- Experience in reviewing processes and implementing improvements.
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'll receive a car allowance of 12% of your annual salary, and 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.
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.
⛔️ Legal & General are no longer taking applications for this job.
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