Actuarial Reporting Analyst

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VN-25126

Permanent

London

Competitive + Study Support, Bonus & Benefits

31 July 2023

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Are you interested in making the numbers mean more? Do you enjoy working with vast amounts of data and relish analysis work?

If so we are looking for a student actuary to join the Reporting team here at L&G Retirement (LGR) as an Actuarial Analyst. 

In this role you will support with the production of LGR’s statutory, external, and internal financial results. As well as providing high-quality supporting analysis and commentary on these results.

Whilst this role is advertised as Full Time, we would be open to applications from Part Time workers too.

Do you feel like you meet the requirements but require greater flexibility? We’d love to hear from you regardless; we’re open to flexible working arrangements and support hybrid working, so please get in touch!

  • Supporting the reporting actuaries to deliver 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.
  • Building and maintaining effective relationships with key stakeholders including other teams in LGR Finance, LGR Investments, Group Finance & auditors. 
  • Ensuring that your communication is clear, concise, and tailored to the needs of the specific stakeholders you are liaising with.
  • Supporting with effective prioritisation and scheduling of activities required for assigned work packages. 
  • Actively supporting the development, implementation and maintenance of the team’s reporting systems and processes. Ensuring systems and processes are robust, with any associated risks assessed and appropriately controlled.
  • Demonstrating a risk and control mind-set through the proactive identification of control weaknesses, and ensuring that all such weaknesses, as well as other control observations and issues are remediated quickly, sustainably, and effectively.
  • Demonstrating an attitude of continuous improvement.
  • A part-qualified actuary studying towards the IFoA exams (or equivalent)
  • Ideally some knowledge/understanding of the following; IFRS, EC and Solvency II Reporting Metrics, Bulk and Individual Annuity products, the UK Finance Sector, Risk and Regulatory requirements, Insurance accounting.
  • Strong Analytical skills with the ability to review results for reasonableness.
  • Good communication and interpersonal skills.
  • It would be highly beneficial if you have previous experience in IFRS and/or Solvency II Reporting. 
  • It would be highly beneficial if you have previous experience in implementing improvements to systems, processes and methodology.
  • Competitive Salary ranging from circa £34,000 - circa £50,000 (depending on experience)
  • Bonus
  • Study Support (including a rotation scheme and incremental increases as you progress further through your exams)
  • Holiday Allowance – 25 days plus all UK bank holidays
  • Pension Contribution – L&G match any personal contributions up to 5% and then provide a further top up of 5%
  • Private Medical
  • Life Insurance
  • Income Protection
  • Smart Spending – which gives you access to vouchers/shopping discounts

Please note the above are just a few of the many benefits you will be entitled to when you join L&G from day 1.

About L&G

Established in 1836, we are one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With over £1 trillion in total assets under management, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pensions de-risking, life insurance, workplace pensions and retirement income.

We have also invested over £20 billion in direct investments such as homes, urban regeneration, clean energy and small business finance. Through nearly two centuries of rapid change, we’ve been there, improving the lives of our customers, and building a better society for the long term.

About the business area

We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.

Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees.

We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders.   

Our commitment to Equal Opportunities

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

How to find out more

If this opportunity excites you but you’re not sure you meet all the requirements, or you’d like to know a bit more, please contact Jordan Russell  at jordan.russell@landg.com (LinkedIn profile: https://www.linkedin.com/in/jordan-russell-70ab89169/).

If you’d like to be considered for this role, please submit your application through our careers website as we’re not accepting email applications.

Back to search

About L&G

Established in 1836, we are one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With over £1 trillion in total assets under management, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pensions de-risking, life insurance, workplace pensions and retirement income.

We have also invested over £20 billion in direct investments such as homes, urban regeneration, clean energy and small business finance. Through nearly two centuries of rapid change, we’ve been there, improving the lives of our customers, and building a better society for the long term.

About the business area

We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.

Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees.

We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders.   

Our commitment to Equal Opportunities

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

How to find out more

If this opportunity excites you but you’re not sure you meet all the requirements, or you’d like to know a bit more, please contact Jordan Russell  at jordan.russell@landg.com (LinkedIn profile: https://www.linkedin.com/in/jordan-russell-70ab89169/).

If you’d like to be considered for this role, please submit your application through our careers website as we’re not accepting email applications.