Senior Actuarial Analyst (Investment Reporting)

Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836 and strive to build a better society while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, UK and US life insurance, and UK workplace pensions and retirement income.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market since 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes, and their advisors to help them secure and protect scheme members’ retirement benefits.

Joining us means you’ll support customers’ financial security in retirement, help companies to settle their pension liabilities, and enable investment for the long term to back our pension promises.

Job Description

We’re recruiting for a Nearly / Newly Qualified Actuary to join our Investment Reporting Team as a Senior Actuarial Analyst. Our Investment Reporting Team (IRT) is responsible for the asset cashflow projection and discount rate methodology & calculation under both IFRS and SII and sits within our Institutional Retirement Division.

As a Senior Actuarial Analyst, you will be responsible for running a number of key processes for IRT, including providing technical analysis of results, which could also include presenting this analysis back to the business, as well as modelling and process development work to further enhance our Investment Reporting capabilities.

This is a hybrid working opportunity which means you can split your working week between your home and our Central London office to find a work/life balance that works for you.

What you'll be doing:

• Proactively managing your workstream to ensure deadlines are met and that the process runs smoothly and efficiently within the team and wider business.
• Developing a deep knowledge of your field and becoming the subject matter expert on it.
• Proposing innovative solutions to new problems, whilst considering how these proposed changes may impact upstream/downstream teams and processes.
• Leading the development, implementation, and maintenance of the team’s reporting systems and processes.
• Communicating analysis of monthly results to both internal and external stakeholders.
• Demonstrating a risk and control mindset through proactive identification of control weaknesses.
• Ensuring that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policies.
• Sharing knowledge and coaching newer members of the team.

Qualifications

Who we're looking for:

• Nearly or Newly Qualified Actuary (under the IFoA or equivalent) ideally with experience working with IFRS / SII and/or assets.
• Experience in financial modelling and a good understanding of modelling, ideally in R.
• Understanding of asset types typically invested in by insurers and cashflow projection methodologies.
• Knowledge of IFRS and SII discount rate calculation and reporting.
• Awareness of risk and regulatory requirements within the UK finance sector.
• Strong communication and stakeholder management skills, with the ability to tailor messaging to suit the needs of the audience.
• Ability to lead and drive process improvements.
• A team player who can work effectively in silo but can also contribute to the team effectively and help achieve collective goals.

Benefits

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
• Generous pension contribution.
• Life assurance.
• Healthcare Plan.
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service.
• Competitive family leave.
• Participate in our electric car scheme.
• Discounts for our own products and at a range of high street stores and online.

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 which 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.

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.