Actuarial Transformation Actuary

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VN-6381

Permanent

London

Competitive

26 November 2017

You will play a leading role in supporting the shaping and the implementation of the actuarial technical work streams of the finance transformation programme

To play a leading role in supporting the shaping and the implementation of the actuarial technical work streams of the finance transformation programme by:

  • Working 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.  This includes removing the weaknesses within the formula fitting process (liabilities and MA).
  • To identify, develop and implement innovative solutions that meet both the regulatory and commercial needs of the business.
  • Collaborate with the finance and capital reporting teams to enhance/challenge processes and review capabilities, in-light of business drivers, either internal or external, identifying strategic opportunities for the business to strengthen the production environment, processes and systems.
  • 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 Actuarial Processing and Analytics team and provide strong controls and checks when transferred.
  • To provide a single calculation engine/functionality for each reporting capability on all bases (SII and IFRS). 
  • To enhance financial reporting in order to meet the needs of the LGR Investment team.
  • Ensure key changes – in relation to the transformation programme – are bought into and agreed by the reporting 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 reporting teams or to teams who depend on the results, such as the LGR investments team and the Prudential Risk team.

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, 25 days' holiday (plus one day after two years), 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 further information about the role, please contact Kieran Ives, UK Resourcing Lead, at kieran.ives@landg.com

Our view is that this role is suitable for agile working. This means we would consider a more flexible working arrangement, where your hours and work location are managed according to business, customer and personal needs. For this role, you would be based in London, but you could work in other Legal & General offices or at home, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.

About L&G

Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.

About the business area

With around one million customers, our retail business helps turn customers’ pension savings into lifelong retirement income and our corporate business looks after our defined benefit pension schemes ensuring they are effectively managed to protect against risk and achieve their maximum potential.

About L&G

Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.

About the business area

With around one million customers, our retail business helps turn customers’ pension savings into lifelong retirement income and our corporate business looks after our defined benefit pension schemes ensuring they are effectively managed to protect against risk and achieve their maximum potential.