Capital Aggregation Manager

4 weeks ago


London, Greater London, United Kingdom Legal & General Full time
Capital Aggregation Manager

We're seeking a highly skilled Capital Aggregation Manager to join our Group Actuarial function. As a key member of our team, you'll be responsible for aggregating the Solvency Capital Requirement (SCR) for both L&G Group and LGAS (Legal & General Assurance Society).

Key Responsibilities:
  • Manage the solvency estimate process for L&G Group and LGAS, including performing checks and development work to improve the process.
  • Aggregate the SCR for L&G Group and LGAS, preparing Analysis of Change to support validation and provide business insights.
  • Manage the calibration of the Group correlations matrix, operational risk capital for the LGAS entity, and operational risk capital held outside of Business Units.
  • Support L&G Group's response to regulatory exercises, including the Insurance Capital Standard and Life Insurance Stress Testing.
  • Contribute to the direction of travel for improvements in the team, using creative thinking to generate ideas and make professional judgements.
  • Establish and maintain relationships with Business Units to represent the department and recognize the impact of change.
Requirements:
  • Qualified Life Actuary
  • Detailed understanding of SII Principles and their application in practice
  • Knowledge of actuarial liability reporting and analysis across various metrics
  • Detailed understanding of financial and insurance risk management, including drivers of risk capital
  • Problem-solving skills with the ability to apply fresh thinking and develop new strategies
  • Pragmatic approach with the ability to make sound judgements and decisions
  • Ability to communicate results clearly and compellingly to stakeholders
What We Offer:
  • Competitive base salary and car allowance
  • Generous pension contribution and life assurance
  • Private medical insurance and 27 days holiday
  • Competitive family leave and electric car scheme
  • Discounts on our products and at high street stores

We're a leading financial services organisation with a strong heritage and exciting future. We're committed to creating a welcoming and inclusive culture, with opportunities for collaboration and career development. If you're passionate about risk management and want to make a meaningful impact, we'd love to hear from you.



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