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Position: Reporting Actuary – Financial Risk
Institution: Legal & General Group plc
Location: London, United Kingdom
Duties: We have an exciting opportunity for a qualified actuary to join our Financial Risk team in London at Legal & General. We are seeking an actuarial professional with strong communication skills and a solid technical knowledge of assets and liabilities to lead the production of specified financial risk metrics within LGR, providing high-quality results, supporting analysis and commentary on a timely basis. Working closely with other teams within LGR (Base Reporting, Investment Reporting, Investments, Risk) and Group Finance, you will lead and manage junior members of the Financial Risk team effectively whilst proactively supporting other actuaries in the team
Requirements: Typically the jobholder will be a qualified actuary with experience in life insurance; Typically the jobholder will have a reasonable understanding of the following: Reporting metrics: IFRS, EC and Solvency II, Bulk and individual annuity products, UK finance sector, Risk and regulatory requirements, Insurance accounting; IFRS and Solvency II reporting experience
   
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We are seeking an actuarial professional with strong communication skills and a solid technical knowledge of assets and liabilities to lead the production of specified financial risk metrics within LGR, providing high-quality results, supporting analysis and commentary on a timely basis. Working closely with other teams within LGR (Base Reporting, Investment Reporting, Investments, Risk) and Group Finance, you will lead and manage junior members of the Financial Risk team effectively whilst proactively supporting other actuaries in the team. This role is for a 12 month fixed term contract. What you'll be doing Financial metrics delivery: Provide timely and accurate delivery of specified financial risk metrics including IFRS sensitivities, Solvency II sensitivities, ALM management information and MA portfolio tests. Proactively support other actuaries in the team to ensure we meet the needs of our customers. Ensure that reporting decisions are documented and receive the appropriate level of governance. Stakeholder relationship management: Represent LGR Finance for financial risk reporting and related MI within the company appropriately. Build and maintain effective relationships with stakeholders including other teams in LGR Finance, LGR Investments and Group Finance. Ensure communication is clear, concise and tailored to the needs of stakeholders. Own the continual development and maintenance of proactive engagement to ensure deliveries continue to meet needs and the quality expected. Management and Planning: Own the effective planning of activities required for assigned deliveries, allocating resources to meet the needs of stakeholders. This will include maintenance and development of financial risk reporting assumptions and methodology.. People Management: Take direct responsibility for managing employees at grades 1 to 4 whilst being a role model to employees at all grades across the wider reporting team. This will include active engagement in coaching and motivating employees in a manner consistent with the Company’s policies and procedures including the Partnership Agreement, to maximise the performance of the area. Process management and improvement: Lead the development, implementation and maintenance of the team’s reporting systems, and processes. Ensure systems and processes are robust, with any associated risks assessed and appropriately controlled. Demonstrate an attitude of continuous improvement, taking responsibility for improving the efficiency and effectiveness of specified areas within the team. Change management: Support the Head of Financial Risk Metrics and Head of Financial Risk Modelling in the prioritisation and implementation of system, process and methodology changes. Work closely with other teams within LGR Finance and Group Finance to support the wider change agenda. Risk and Control: Demonstrate a risk and control mind set through proactive identification of control weaknesses, and ensure that all such weaknesses, as well as other control observations and issues are remediated quickly, sustainably, and effectively. Work with the Financial Controls team to ensure that relevant risk and control related documentation is good quality and up to date. Demonstrate awareness, understanding, and appropriate action in relation to your personal responsibilities for information security, specifically around access management, data handling (encryption and classification), password control and building security. Treating Customers Fairly (TCF): Ensure that the appropriate process, systems and controls are in place, and that the risks and issues are identified and escalated within LGR, to ensure that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policy. Work with Managers and the Director to ensure that the appropriate internal and external metrics and Finance MI are in place to provide support to the LGR Business so that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policy. What we're looking for Qualifications: Typically the jobholder will be a qualified actuary with experience in life insurance. Knowledge: Typically the jobholder will have a reasonable understanding of the following: Reporting metrics: IFRS, EC and Solvency II Bulk and individual annuity products UK finance sector Risk and regulatory requirements Insurance accounting Experience: Typically the jobholder will have: IFRS and Solvency II reporting experience Analytical skills with the ability to review results for reasonableness Team management, stakeholder management and mentoring experience Good communication and interpersonal skills. Experience in reviewing processes and implementing improvements Benefits Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 27 days' holiday, private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme. Your hard work will be rewarded when you join us. About L&G As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you. About the business area Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders. We are a market-leading and multi-award winning business. We work with companies and pension scheme trustees to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we: help companies to settle their pension liabilities and focus on growing their businesses help to support individuals' financial security in retirement invest for the long term to back our pension promises. Our commitment to Equal Opportunities We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age. How to find out more If you’d like more information about this opportunity please contact Helen Kinloch at helen.kinloch@landg.com (LinkedIn profile https://www.linkedin.com/in/helenkinloch/). Please note direct applications via email cannot be accepted for this role; only applications submitted through our careers website will be considered. Apply Email to a friend Back to search About L&G As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you. About the business area Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders. We are a market-leading and multi-award winning business. We work with companies and pension scheme trustees to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we: help companies to settle their pension liabilities and focus on growing their businesses help to support individuals' financial security in retirement invest for the long term to back our pension promises. Our commitment to Equal Opportunities We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age. How to find out more If you’d like more information about this opportunity please contact Helen Kinloch at helen.kinloch@landg.com (LinkedIn profile https://www.linkedin.com/in/helenkinloch/). Please note direct applications via email cannot be accepted for this role; only applications submitted through our careers website will be considered. 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