The Actuarial Transformation Actuary will play an instrumental role in supporting the shaping and the implementation of the actuarial technical work streams of the finance transformation programme.

LGR Finance has embarked on a multi-year finance transformation programme with the goal of empowering finance to create value through operational efficiency, automation of processes, reduction of manual work, and developing best-in-class capabilities in areas of data, modelling, analytics and reporting. This role is to support the Actuarial Transformation Director in shaping and implementing all actuarial technical aspects of the finance transformation programme.

To play an instrumental role in supporting the shaping and the implementation of the actuarial technical work streams of the finance transformation programme – as follows:

• To identify, develop and implement innovative solutions that meet both the regulatory and commercial needs of the business.
• To work with the financial and capital reporting teams to remove any unnecessary complexity / convoluted processes with a target to streamline as much of the methodology/approach as possible between IFRS and SII.
• Collaborate with the finance and capital reporting teams to review capabilities and to identify strategic opportunities for the business to increase the efficiency and effectiveness of the finance function.
• To work with the financial reporting teams to ensure that the transformation programme maximises opportunities to streamline and move repeatable, non-judgement process to the BAU team and provide strong controls and checks when transferred.
• Ensure key changes – in relation to the transformation programme – are bought into and agreed by the BAU teams and delivered to their expectations.
• Ensure the implementation is flexible to cope with changing reporting requirements and metrics. This will be across all metrics including IFRS 17.
• Present and explain changes to processes or procedures to the BAU teams or to teams who depend on the results, such as the LGR investments team and the Prudential Risk team.

Treating Customer Fairly:

• Understand the commitments that are made about the transformation programme to ensure the area is capable of meeting those expectations.
• Consider the needs of the different BAU teams for changes and tailor the transformation proposition to meet those needs effectively.
• Ensure BAU teams are provided with relevant information at appropriate times throughout the change process to enable them to manage their reasonable expectations regarding the deliverable and the potential future benefits.
• Analyse feedback from all teams to ensure that BAU teams’ reasonable expectations of changes are met and where limitations are identified, provide information and support to relevant areas to enable issues to be resolved.
• Ensure training provided to BAU teams in the handover of developed propositions is sufficient to enable them to understand the new approach and process.

The jobholder will have knowledge of the following:

• Current reporting metrics: IFRS, EC, SII.
• Financial services environment relevant to team metrics

Skills required:

• Excellent problem solving and analytical skills.
• Strong communication skills.
• Quality and delivery focused, creative (ability to think outside the box), self-starter with the ability to build relationships across teams.
• Experience in developing and/or building financial models, risk based capital models and asset liability modelling (“ALM”).
• Hands-on experience in modelling using a number of software package e.g. VBA, R, Matlab etc.
• Proactive attitude to change and be able to respond well to changing priorities from different sources.
• Must have knowledge of Solvency II or risk-based capital.

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.

For more information please contact Chloe McCauley, Resourcing Lead - chloe.mccauley@landg.com.