LGR Reporting Actuary

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VN-10227

Permanent

London

£90,000 to £100,000 plus car allowance and benefits

8 February 2019

To lead the development and implementation of new reporting capabilities.  To take responsibility and be accountable for the identification and delivery of appropriate reporting methodologies, processes and controls to ensure sound reporting, including supporting IFRS 17 developments. 

To lead the development and implementation of new reporting capabilities.  To take responsibility and be accountable for the identification and delivery of appropriate reporting methodologies, processes and controls to ensure sound reporting, including supporting IFRS 17 developments. 

Principal accountabilities

Process management and improvement: Manage the development and implementation of LGR reporting systems, processes and methodology, ensuring that the systems, processes and methodology are robust, that risks are assessed and are appropriately controlled.  This includes supporting the team’s IFRS 17 developments.

Change management: Take responsibility for the development and implementation of new reporting capability, working with the wider LGR business, LGR Finance Managers and LGR Reporting Change Managers to identify and implement appropriate reporting system, process and methodology changes as required, including IFRS 17.

Training/mentoring: Provide training, mentoring and guidance to other team members so that they accrue the specialist actuarial and financial statements knowledge, skills and attitude to enable them to deliver new reporting capabilities, results and analysis within BAU for LGR Finance.

Stakeholder relationship management: Build and maintain effective relationships with stakeholders including, but not limited to, LGR Finance, Group Finance, auditors and the wider LGR business management.  Present system, process and methodology proposals, incorporating supporting analysis, rationale and commentary for approval.

Management and Planning:  Work with the LGR Finance Managers to effectively prioritise and schedule the development activities, balancing the needs of the programme and BAU reporting as appropriate.

Treating Customers Fairly (TCF): Ensure that the appropriate reporting strategies, methodologies, processes, 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 the Directors to ensure that the appropriate 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.

Qualifications

Typically the jobholder will be a qualified actuary with extensive experience in life insurance reporting.

Knowledge

Typically the jobholder will have a good understanding of the following:

  • Reporting metrics: IFRS, Solvency II
  • Bulk and individual annuity products
  • Liability valuation systems
  • Assets backing annuity products
  • UK finance sector
  • Risk and regulatory requirements
  • Implementing change

Specific experience and skills:

  • Typically the jobholder will have UK Financial Reporting experience
  • Analytical skills with the ability to review results for reasonableness
  • Stakeholder management, and mentoring experience
  • Excellent communication and interpersonal skills
  • Implementing system change
  • Reviewing methodology and processes, and updating methodologies and processes

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, 30 days' holiday, private medical insurance, performance related bonuses, 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.

For any queries please contact clare.williamson@landg.com.  Please note applications can only be made online via the portal, I cannot accept applications directly via email.

About L&G

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.

About the business area

With around one million customers, our retail business helps turn customers’ pension savings into lifelong retirement income and our corporate business looks after our defined benefit pension schemes ensuring they are effectively managed to protect against risk and achieve their maximum potential.

LGR’s Finance team provides the framework around which the financial management of LGR can take place, informed decisions can be taken and results can be reported. An in depth understanding of what drives the LGR financial results is central to everything we do.

About L&G

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.

About the business area

With around one million customers, our retail business helps turn customers’ pension savings into lifelong retirement income and our corporate business looks after our defined benefit pension schemes ensuring they are effectively managed to protect against risk and achieve their maximum potential.

LGR’s Finance team provides the framework around which the financial management of LGR can take place, informed decisions can be taken and results can be reported. An in depth understanding of what drives the LGR financial results is central to everything we do.