Head of Actuarial Change
- Role Type
- Closing Date
- Company Info
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.
- Department Info
From HR and Digital teams through to Group Finance, Risk and Corporate Comms – our Group function support our businesses across the UK and abroad. 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.
- Job Duties
Lead, manage and provide direction and technical guidance to a team of Actuarial Change Leads, Actuarial Technical Leads, Prophet Developers and SAS developers to deliver strategically orientated business and systems solutions which support the changing requirements of Group Finance and ensure the continuing production capability of predictable and stable financial reporting for the full range of IFRS cash and capital based financial metrics relevant to the business.
In conjunction with Senior Management and stakeholders, develop and define the LGAS Financial reporting strategy in terms of reporting metrics and required supporting capabilities. These metrics include SII, IFRS / IFRS17, Peak 1, New Business, APE, Fund Flow, Surrender and Strain release as well as key actuarial and financial inputs into the Strategic and Operational business plans.
Work with customers, the team and suppliers to ensure delivery of timely, cost effective business and systems solutions that meet the business needs measured in terms of capability and material quality.
Own the LGAS Financial Reporting architecture and strategy, and use a deep comprehensive knowledge of relevant Finance and Actuarial systems and processes to provide direction, leadership and technical guidance to the team, to development suppliers and to customers to ensure the maintenance and the definition and delivery of change to these systems and processes in accordance with the architectural principles.
Working in partnership with the finance directors and Senior Management of the LGAS divisions, identify and maximise opportunities to enhance the financial performance of the LGAS business, where necessary influencing and challenging business unit financial strategies, plans and forecasts in order to deliver the maximum return on the capital allocated the LGAS Division and its profitability.
Ensure all change meet the standards required of the L&G, LGAS and the actuarial profession.
- Skills Required
Typically the job holder will be a qualified Actuary with substantial post-qualification experience within both a consultancy and a Life company.
Typically at level 6 the jobholder will have an excellent knowledge of the following
- Change management / delivery
- UK Finance Sector
- LGAS finance systems and processes
- Reporting metrics SII, Peak 1, IFRS / IFRS17, Pillar1, Pillar 2
- Risk and Savings (including With Profits) Products
Skills and experience
Typically at level 6, the job holder will have:
- extensive experience of leading change implementation and project management in the finance and actuarial reporting environment in within a Life Company and a consultancy
- extensive UK Financial Reporting experience
- working knowledge of the systems and processes of LGAS Financial Reporting
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.
For further information about the role, please contact Lynn Morriss, UK Resourcing Lead, at email@example.com