Actuarial and Finance Summer Internship Program 2022

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VN-20888

Fixed Term Contract (inc Secondee)

London, Cardiff, Hove

Competitive

9 December 2021

Are you looking for a summer internship that is technically challenging? One that develops commercial acumen alongside your technical skills?   

We’re looking for undergraduates who can answer “yes” to the above for our 2022 L&G Actuarial and Finance Summer Internship scheme. If you’re successful, you’ll join Legal & General’s well-regarded actuarial and finance communities, which plays a pivotal role in our continued business success.  

This is an 8 weeks summer internship with a start date of 4th July 2022. 

Actuarial and finance work is central to ensuring a profitable, well run insurance business and your work will support the success of a FTSE 100 company. Our actuaries work throughout the business measuring, predicting and managing areas of the business with the aim of giving its customers ‘value for money’. Our accounting teams work throughout the group functions including Tax, Treasury, Financial Reporting, Risk Analytics and Expense and Ledger Management.   

You will be assigned either an actuarial or finance team to work with over the course of the 8-week internship. You will also take part in an induction week designed to introduce you to L&G and help prepare you for the remainder of the internship. Over the course of the internship you will have the chance to interact with different teams, hear from senior speakers and network with your fellow interns. Some of the day to day activities could include: 

Actuarial 

  • Performing actuarial investigations and calculations to produce profitability information and management reports for our products. 
  • Managing the production of regular experience investigations for our products in order to understand the impact of changes in mortality, morbidity, expenses and persistency. 
  • Delivering the company and statutory financial reporting results to tight deadlines, including the supporting commentary. 
  • Collecting and analysing market data to provide insight and aide the pricing actuaries in setting insurance prices. 
  • Summarising performance of insurance products to present to senior management to aid in decision making. 
  • Support the actuaries in product developments, commercial deals and pricing innovations. 

Finance 

  • Supporting the delivery of financial information, reporting and MI to other business areas. 
  • Accurate record keeping in the ledger and daily process records, and timely and accurate filing and storage. 
  • Preparation of the reporting and MI required for internal and external regulatory reporting, audit and compliance.
  • Build and maintain excellent working relationships and communications with other parts of the business to ensure delivery of effective processes and procedures.
  • Perform, under guidance, the tasks necessary to enable the continuous improvement of the team’s financial reporting systems and processes.
  • Support on finance projects.
  • Building MI to have insight to better serve our customers as well as identifying strengths/weaknesses in our business.

But most importantly you will be learning new skills and gaining knowledge of how our business works! 

First and foremost, we’re looking for people with an inquisitive mind and a desire to learn. We’re not expecting prior industry experience, but we’ll want to see that you have the tools to develop quickly. These include:  

  • Currently an undergraduate, in your penultimate or final year of study 
  • On track to receive a 2:1 in you degree subject 
  • Knowledge of the use of Microsoft Office products including Excel, Word and PowerPoint  
  • Analytical mind-set, with a high level of numeracy  
  • Great communication skills  
  • Flexible and a team-player  
  • High levels of interest, dynamism and commitment  
  • Highly organised with the ability to prioritise effectively  

An internship offers you the chance to gain valuable work experience and develop and refine skills that will be useful for you in your future career. 

 

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Our programme means that you could be working in any of our divisions which include Group, Legal & General Insurance (LGI), Legal & General Retirement Institutional (LGRI), Legal & General Retail Retirement (LGRR) and Legal & General Capital (LGC). Wherever you are placed you will be 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. 

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

Bringing out the best in you

We believe that good businesses are built on doing the right thing and strive to do what is best for both our people and our customers. This means, enabling you to bring your best self to work by giving you what you need, when you need it.

This is why we have designed a process that puts you in control, because we recognise your time is valuable. At each step, make sure you take time to pause and reflect before progressing to the next, as each subsequent step will ask for a bit more of your time. 

We want you to feel comfortable that this process is as fair and inclusive as possible, so please let us know if you need an accommodation for any disability.

At each step we will give more information and clear instructions on what actions you need to take. You will be screened at each of these steps. In brief our recruitment process will include:

The application for this role is as follows: complete our online application including uploading your CV, online testing (Situational Judgement and General Ability), a recorded video interview, and an assessment centre (line manager interview, a presentation, a group exercise).

Please note that we work with an external company, SHL, to process all online tests and video interviews. By submitting your application you are agreeing for your personal information (name and email) to be securely sent to them. If you have any questions about this information transfer then please email futuretalentrecruitment@landg.com before applying for the role. 

For any queries please contact futuretalentrecruitment@landg.com. Please note we are unable to accept any email applications. 

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Our programme means that you could be working in any of our divisions which include Group, Legal & General Insurance (LGI), Legal & General Retirement Institutional (LGRI), Legal & General Retail Retirement (LGRR) and Legal & General Capital (LGC). Wherever you are placed you will be 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. 

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

Bringing out the best in you

We believe that good businesses are built on doing the right thing and strive to do what is best for both our people and our customers. This means, enabling you to bring your best self to work by giving you what you need, when you need it.

This is why we have designed a process that puts you in control, because we recognise your time is valuable. At each step, make sure you take time to pause and reflect before progressing to the next, as each subsequent step will ask for a bit more of your time. 

We want you to feel comfortable that this process is as fair and inclusive as possible, so please let us know if you need an accommodation for any disability.

At each step we will give more information and clear instructions on what actions you need to take. You will be screened at each of these steps. In brief our recruitment process will include:

The application for this role is as follows: complete our online application including uploading your CV, online testing (Situational Judgement and General Ability), a recorded video interview, and an assessment centre (line manager interview, a presentation, a group exercise).

Please note that we work with an external company, SHL, to process all online tests and video interviews. By submitting your application you are agreeing for your personal information (name and email) to be securely sent to them. If you have any questions about this information transfer then please email futuretalentrecruitment@landg.com before applying for the role. 

For any queries please contact futuretalentrecruitment@landg.com. Please note we are unable to accept any email applications.