We are recruiting a IFRS17 Actuarial Lead to lead the development and implementation of IFRS 17 reporting capability for the LGI division.

Purpose

To lead the development and implementation of IFRS 17 in LGI.  To take overall responsibility for the identification and delivery of appropriate reporting methodologies, processes and controls to ensure sound reporting under the IFRS 17 standard.  Understand the drivers of profitability of the business under IFRS 17 reporting methodologies, and disseminate reporting information in an effective and informative manner, ensuring its presentation and analysis meet the wide background and experience of the customer base. Operate as a core member of the global IFRS 17 implementation programme in L&G.

Principal accountabilities

• Process management and improvement: Manage the development and implementation of LGI IFRS 17 reporting methodologies, systems and processes, ensuring that the methodologies, systems and processes are robust, that risks are assessed and appropriately controlled, and that accurate IFRS 17 results and analysis can be produced within BAU in a timely manner. Provide the strategic direction for the team’s IFRS 17 reporting methodologies, systems and processes.
• Change management: Take responsibility for the development and implementation of LGI IFRS 17 reporting capability, working with the Group IFRS 17 programme, the UK Life System/Design Team, and LGI IT & Change Managers to identify appropriate methodologies, and implement the system, process and methodology changes as required.
• 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 IFRS 17 reporting results and analysis within BAU for LGI Finance.
• Stakeholder relationship management: Build and maintain effective relationships with stakeholders including, but not limited to, Group Finance, auditors and the wider LGI business management.  Present methodology proposals, incorporating supporting analysis, rationale and commentary for approval.
• Management and Planning:  Work with LGI 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 LGI, 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 LGI Business so that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policy.

Qualifications, knowledge and skills

Qualifications

• Typically the jobholder will be a qualified actuary with extensive experience in life insurance reporting and large change programmes.

Knowledge

• Typically the jobholder will have a good understanding of the following:
• Reporting metrics: IFRS, Solvency II
• Current IFRS financial statements
• Protection 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
• Good communication and interpersonal skills
• 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 more details on this role, please contact Helen Brockbank - Resourcing Lead - helen.brockbank@landg.com