This position provides an exciting opportunity to join the Group Capital Modelling team within Group Finance. The role will primarily focus on supporting the Group consolidation of projections of the Solvency II Internal Model and Economic Capital balance sheets.  Additional work areas include assessing capital requirements for Group held assets and liabilities and validating the Group balance sheet on a Standard Formula basis.

This position provides an exciting opportunity to join the Group Capital Modelling team within Group Finance. The role will primarily focus on supporting the Group consolidation of projections of the Solvency II Internal Model and Economic Capital balance sheets and validating the Group balance sheet on a Standard Formula basis.

Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.

From HR and Digital teams through to Group Finance, Risk and Corporate Comms – our Group function support our businesses across the UK and abroad. Delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.

Key Responsibilities

Delivery management. Manage the timely delivery of financial reporting of Solvency II and Economic Capital results meeting required internal and external standards. This includes planning and managing the delivery of required inputs into our processes as well as the delivery of the result output.

Financial management. Manage the delivery of timely and accurate financial results across an agreed range of financial metrics (e.g. Coverage Ratios, Operating Surplus, Net Surplus generation, New Business strain).

Consolidate and report upon the risk capital calculated, including calculating, analysis, validation and documentation of results. All material limitations and weaknesses should be captured with a remediation plan in place to ensure that they are addressed appropriately.

Customer relationship management. Manage the presentation and dissemination of results to the Board, senior management and for market analysts, incorporating supporting analysis and commentary for all reporting metrics. Manage ongoing liaison by continually developing and maintaining proactive engagement to ensure the delivery of financial results continues to meet needs and quality expectations.

Process and Change management. Manage the development, support and maintenance of the team’s financial reporting systems, processes and reporting methodologies, ensuring they are robust, incorporating process change as required for the ongoing production of the financial results.

Identify and manage implementation of continuous improvement to processes.

Internal relationship management. Manage the relationship with the relevant Business Units, Group Finance and Prudential Risk. Provide expert analysis to Prudential Risk to enable effective and efficient review of the results.

Manage the relationship with Business Units to ensure any limitations in their deliveries are understood and documented in terms of timeliness and quality referencing the key dependencies on this service for the reporting cycle. Provide support to Business Units when required to resolve methodology issues they encounter.

External relationship management – consultants, peer reviews and auditors. Manage the relationship with any relevant external consultants, peer reviewers, auditors, market analysts, credit rating agencies etc.

Planning. Manage the team through all planning phases by effectively prioritising and scheduling the team’s reporting activities, meeting the needs of all customers.

People management. Manage, motivate and develop employees at all levels, in a manner that is consistent with the company’s policies and procedures including the Partnership Agreement, to maximise the performance of the area. Demonstrate Legal and General's behaviours whilst actively encouraging the development and demonstration of these behaviours within the team.

Maintain and Comply with Standards. Comply with the relevant Group and Professional Standards – for example L&G Spreadsheet Standards, L&G Group Policies & Procedures and Technical Actuarial Standards. Monitor and assess compliance of other members of the team.

Recently Qualified Actuary

Knowledge

• Detailed Understanding of SII and Economic Capital Principles

• Knowledge of actuarial liability reporting and analysis across various metrics

• Detailed understanding of financial and insurance risk management, including a practical knowledge of the drivers of risk capital

• Data analysis, able to apply financial analysis techniques and draw conclusions from that analysis

• Problem solving; the ability to apply fresh and creative thinking and to develop new strategies

• The ability to communicate complex ideas to a variety of audiences in writing and verbally

• A pragmatic approach and the ability to make sensible decisions with limited information

• The ability to manage workstreams

• Experience of modelling, proficient in the use of Excel and Word

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, 25 days' holiday (plus one day after two years), 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, your hard work will be rewarded when you join us.

For more information please contact Collette on collette.edwards@landg.com

The closing date for applications has now officially passed but in line with our policy all roles on the redeployment portal do remain open for applications from redeployees only until the point an offer has been made. Please note that the selection process is underway and the role will be withdrawn once an offer has been made.