We have a brilliant opportunity for a nearly or newly qualified life insurance actuary to join our Financial Reporting team in London.

You'll support the production of IFRS and Solvency II financial results and proactively support the wider LGR Finance team as we continue to grow L&G's £75bn annuity business.

You will further provide high-quality supporting analysis and commentary on a timely basis, perform and document controls to ensure sound actuarial management and control of risks.

This is a superb opportunity for an actuarial professional to build a strong network of stakeholder relationships in the wider L&G business, working with other teams in LGR Finance, LGR Investments, and Group Finance.

• Financial metrics delivery: Support the delivery of financial metrics in a timely and accurate manner. These financial metrics include IFRS operating profit, Solvency II operating variances, risk margin, liability sensitivities and new business reporting. Proactively support other members of the Base Reporting team to ensure we meet the needs of our customers. Operate controls in line with MFCF policy.
• Stakeholder relationship management: Build and maintain effective relationships with stakeholders including other teams in LGR Finance, LGR Investments, Group Finance and auditors. Ensure communication is clear, concise and tailored to the needs of stakeholders. Support the continual development & maintenance of proactive engagement with stakeholders to ensure deliveries continue to meet needs and the quality expected.
• Management and Planning: Support the effective prioritisation and scheduling of activities required for assigned work packages. Complete actuarial studies.
• People Management: Motivate and develop employees at Grades 1 to 3. This will include active engagement in coaching and motivating employees in a manner that is consistent with the Company’s policies and procedures including the Partnership Agreement, to maximise the performance of the area.
• Process management and improvement: Actively support 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 team’s efficiency and effectiveness.
• Change management: Support the implementation of system, process and methodology changes as required for the ongoing production of financial results and analysis. Provide input into the identification and prioritisation of improvements to methodology.
• 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 any risks and issues relating to customers not being treated fairly in line with Legal & General’s Customer Experience and TCF policy are escalated within LGR so that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policy.

Qualifications:

• A nearly or newly qualified actuary

Knowledge:

Typically the jobholder will have some understanding of the following:

• Reporting metrics: IFRS, EC and Solvency II
• Bulk and individual annuity products (beneficial)
• 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
• Good communication and interpersonal skills
• Experience in implementing improvement

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, private medical insurance, discretionary performance related bonuses, paid overtime, 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.

If you are a nearly qualified actuary, then Legal & General runs a highly regarded Actuarial Rotations Programme for students, which you will be a part of. The role you are applying to is for a specific location, but to further develop and enhance your skills you may be asked to rotate in future to our other site. Our sites are London and Hove.  

For internal candidates, please note that your application will be shared with the L&G Chief Tutor. This is your name only and for rotation purposes.