Capital Aggregation Manager

2 months ago


London, Greater London, United Kingdom Legal & General Full time
Job Description

We are seeking a highly skilled Capital Aggregation Manager to join our Group Actuarial function. This role will focus on aggregating the Solvency Capital Requirement (SCR) for both L&G Group and LGAS (Legal & General Assurance Society).

Key Responsibilities:
  • Manage the Solvency Estimate Process: Perform checks on the solvency estimate to identify and carry out development work as required to improve the process and ensure stakeholder needs are met.
  • Aggregate SCR: Prepare Analysis of Change to support validation and provide business insights, and validate and explain changes in the diversification benefit achieved by L&G Group over time.
  • Manage Correlations Matrix: Monitor the appropriateness of the methodology used in calibrations and coordinate and consolidate submissions across business units.
  • Support Regulatory Exercises: Liaise with internal stakeholders to ensure quality and timely submissions are made to regulators.
  • Contribute to Team Direction: Use creative thinking to generate ideas to improve results and processes, and make professional judgements relevant to complex and developing actuarial matters.
  • Establish Relationships: Represent the department appropriately and recognize the impact and react accordingly to any relevant change that could impact on own team and departmental processes.
Requirements:
  • Qualified Life Actuary: A detailed understanding of SII Principles and how they apply in practice.
  • Actuarial Liability Reporting: Knowledge of actuarial liability reporting and analysis across various metrics and the ability to identify likely relative movements across these metrics.
  • Financial and Insurance Risk Management: A detailed understanding of financial and insurance risk management, including a deep practical and technical knowledge of the drivers of risk capital.
  • Problem Solving Skills: Ability to apply fresh and creative thinking and to develop new strategies.
  • Pragmatic Approach: Ability to make sound judgements and appropriate decisions with limited information.
  • Resourcefulness: Ability to be resourceful in resolving the challenges of producing results on time and to the required quality.
  • Communication Skills: Ability to communicate results in a clear and compelling manner to a range of stakeholders and tailoring this information to meet the needs of the required audience.
Benefits:
  • Performance-Related Bonus Plan: The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
  • Pension Contribution: Generous pension contribution.
  • Life Assurance: Life assurance.
  • Private Medical Insurance: Private medical insurance.
  • Holiday Entitlement: 27 days holiday, plus public holidays. There's also the option to buy and sell holiday.
  • Family Leave: Competitive family leave.
  • Electric Car Scheme: Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice.
  • Discounts: Many discounts we offer – both for our own products and at a range of high street stores and online.


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