Legal & General are currently hiring a Qualified Actuary to assist with the oversight of prudential risk management for Legal & General Retirement (LGR) and support the Actuarial Function within LGR. 

The individual will also contribute to the formulation and direction of actuarial policy and oversight of all long term business covered by LGR, advise on actuarial methods and the development and implementation of the systems and processes which support the production and analysis of financial results and the actuarial and risk management of the LGR division

Purpose

Assist with the oversight of prudential risk management for Legal & General Retirement (LGR).

Support the Actuarial Function within LGR.

Contribute to formulation and direction of actuarial policy and oversight of all long term business covered by LGR.

Advise on actuarial methods and the development and implementation of the systems and processes which support the production and analysis of financial results and the actuarial and risk management of the LGR division.

Principal Accountabilities

Support the LGR Prudential Risk Director in ensuring that all statutory obligations associated with the role are complied with.

As a member of the LGR Prudential Risk team, provide 2nd line risk oversight for the LGR division (including international teams) of the management of prudential risk together with associated operational and reputations risks.

Contribute to the development and implementation of an appropriate framework for the management of prudential risk with the LGR division ensuring compliance with Group policies and standards.

Provide review and oversight of the financial results of LGR for all reporting metrics.

Undertake, review and analysis of and provide advice on the methodology and assumptions used for financial and regulatory reporting and risk management for LGR business within LGAS, ensuring that they meet professional and statutory requirements and any further Group requirements.

Provide professional supervision of the LGR actuarial functions, to ensure that product design and liability valuation contribute towards the achievement of the objectives of the LGR division, including appropriate risk management, and that product pricing adheres to Group Policies.

Contribute to the development, use and oversight of the Group’s capital models, ensuring that risks are identified and modelled appropriately.  Provide advice on the formulation of calculation methodology and parameters.

Play an active part in working with the LGR Risk and other L&G Risk teams to share information and experience and develop the aims of good risk management practice in L&G.

Build and maintain effective relationships with first line LGR, LGAS and Group teams and promote open and honest dialogue within the business to ensure early and appropriate engagement between first and second lines to enable LGR to meet its business objectives.

Ensure that the principles of Conduct Risk are embedded into day to day operations to deliver good customer outcomes at all times. Ensure that all business processes and internal controls within the role are designed and performed in a way that delivers good customer outcomes and demonstrates effective management of Conduct Risk

We are looking for a qualified actuary with experience of financial management of insurance business including the application of standard actuarial and statistical techniques. An understanding of risk management principles is essential. Experience of valuation and capital modelling of actuarial liabilities and of management of annuities business is preferable.

The successful applicant will have good communication skills, both verbal and written, that will enable them to deliver effective review and challenge of LGR’s business and product developments.

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, 30 days' holiday, private medical insurance, performance related bonuses, 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.

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 our London Office, but you could work in other Legal and General offices or at home, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.

For any queries please contact kieran.ives@landg.com.  Please note applications can only be made online via the portal.