Group Reporting Actuary

2 weeks ago


London, Greater London, United Kingdom Legal And General Group Full time

We're recruiting for a Reporting Actuaryto join our Group Actuarial function, in a role that focuses on Financial Risk. We're offering a competitive base salary, car allowance and a host of other great benefits as well as the opportunity toprovide a clear link between the financial risk metrics modelled and the needs of our customers.

In this role you will ensure the delivery of high quality entity level financial risk metrics (for both Group and Legal & General Assurance Society), as well as promoting compliance with the Group framework and driving forward reporting process and methodology improvements.

You will also be responsible for quarterly consolidation and review of the BAU Stress and Scenario Testing (SST) results for both Group and LGAS, as well as providing half-yearly sensitivities for public disclosure. In addition, you will be also be responsible for the production of the quarterly results paper for the BAU SST results.

What you'll be doing:

  • Ensuring thetimely and accurate delivery of Group and LGAS entity level specified financial risk metrics including IFRS and SII sensitivities to Group SST customers. This will include building and maintaining relationships with Divisional SST teams, conducting effective results reviews using appropriate level of governance, and providingsupport to Group SST customers to ensure results are used effectively.
  • Developing, implementing and maintaining the team's reporting systems, and processes. Ensuring thatsystems and processes are robust, with any associated risks assessed and appropriately controlled.
  • Demonstratingan attitude of continuous improvement, by taking responsibility for improving the efficiency and effectiveness of the processes and methodologies used by the team.
  • Taking responsibilityfor promoting compliance with the Group framework for Group and Divisional activities; and maintaining the framework according to changing business needs.
  • Actively participatingin the Group governance committee meetings, and proactively liaisingwith Group and Divisional production teams and stakeholders for upcoming process/methodology changes.
  • Taking responsibilityfor maintaining the relevant Group definitions and methodologiesused for aggregation of financial risk metrics in compliance with the framework requirements, to ensure that relevant documentation is good quality and up to date.
  • Supporting in the prioritisation, development and implementation of system, process and methodology changes (e.g. embedding IFRS17 financial risk metrics, developing climate and liquidity related financial risk metrics). Which will include working closely with other teams within Group Finance and Divisions to support the wider change agenda.
  • Representing Group for financial reporting and related MI within the company appropriately. Which will include building and maintaining effective relationships with stakeholders including other teams in Group Finance, BAU Finance teams, Investments, and Group Risk.
  • Owningthe continual development and maintenance of proactive engagement to ensure deliveries continue to meet the needs and the quality expected.
  • Providingsupport on ad hoc productions of financial risk metrics (such as the PRA Insurance Stress Testing exercises) which may range from development of Group level methodology to co-ordination of tasks across various production teams.

Company Description

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind the scenes. It's up to us inL&G Group functions– which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Affairs – to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we're helping to improve our customers' lives and contributing to the success of the business every day.

Qualifications

Who we're looking for:

  • A Qualified Life Actuary
  • An in-depth knowledge of IFRS and Solvency II Reporting Metrics, Annuity Products and Risk & Regulatory requirements
  • Experience of IFRS and Solvency II reporting
  • Strong analytical skills with the ability to review results for reasonableness
  • Strong stakeholder management experience
  • Good communication and interpersonal skills, with the ability to tailor communication to the needs of specific stakeholders to ensure the information in clear, concise and relevant
  • Experience in reviewing processes and implementing improvements
  • Advanced VBA and Excel skills are desirable.

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
  • Private medical insurance
  • 27 days holiday, plus public holidays. There's also the option to buy and sell holiday
  • Competitive family leave
  • Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
  • There are the many discounts we offer – both for our own products and at a range of high street stores and online
  • In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

Legal & General is a leading financial services organisation, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We're one of the world's largest asset managers, homebuilders, pension providers and insurers.Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.

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. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. 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.

If you're open to find out more, we'd love to hear from you.

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