ALM Reporting Actuary

Legal & General; Greater London; Hybrid; GBP 65,000 - 98,000; Full time

Benefits offered by this job

Performance bonus

Pension scheme

Life assurance

Healthcare plan

Generous holiday

Job summary

Legal & General (L&G) is a leading UK financial services group and major global investor. We are seeking an ALM Reporting Actuary to lead responses to daily and ad hoc ALM questions and own weekly asset and liability information for Institutional Retirement Finance.

The role rewards analytical rigor and collaboration across actuarial, investment, risk and finance teams. Applicants are near or newly qualified actuaries with strong Excel and data analysis skills; experience with Python or R is

Qualifications

• Nearly or Newly Qualified Actuary
• Strong understanding of investments, ALM, asset models, hedging or market risk
• Experience producing, reviewing or analysing actuarial or financial reporting
• Ability to explain movements and technical conclusions clearly to non-specialists
• Strong Excel and data analysis skills
• Evidence of ownership and delivery under regular deadlines
• Interest in automation, with Python, R or similar experience welcomed

Responsibilities

• Leading accurate, timely responses to daily and ad hoc ALM requests alongside ownership of weekly ALM MI
• Reviewing changes in interest rate and inflation exposures and explaining P&L movements
• Assessing the ALM impact of proposed trades, new assets, new PRT schemes and reinsurance activity
• Producing concise analyses of change and escalating unusual results
• Turning technical outputs into clear stakeholder communication and decision insight
• Strengthening reporting processes, controls, governance and documentation
• Developing automation and technology-enabled reporting solutions
• Supporting changes to systems, methods and the connection between weekly and month-end reporting

Job description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

Job Description

We are looking for an ALM Reporting Actuary to lead responses to daily and ad hoc ALM questions as well as own and explain the weekly asset and liability information used across Institutional Retirement Finance. This role is for someone who can combine actuarial judgement with strong asset knowledge, turn complex movements into clear insight and improve the technology and controls behind reporting. We welcome candidates from life insurance and pensions, as well as relevant investment, banking or consulting backgrounds where the underlying ALM and actuarial knowledge is strong.

What you’ll be doing:

• Leading accurate, timely responses to daily and ad hoc ALM requests alongside ownership of weekly ALM MI
• Reviewing changes in interest rate and inflation exposures and explaining P&L movements
• Assessing the ALM impact of proposed trades, new assets, new PRT schemes and reinsurance activity
• Producing concise analyses of change and escalating unusual results
• Turning technical outputs into clear stakeholder communication and decision insight
• Strengthening reporting processes, controls, governance and documentation
• Developing automation and technology-enabled reporting solutions
• Supporting changes to systems, methods and the connection between weekly and month-end reporting

Who we’re looking for:

• Nearly or Newly Qualified Actuary
• Strong understanding of investments, ALM, asset models, hedging or market risk
• Experience producing, reviewing or analysing actuarial or financial reporting
• Ability to explain movements and technical conclusions clearly to non-specialists
• Strong Excel and data analysis skills
• Evidence of ownership and delivery under regular deadlines
• Confidence working across actuarial, investment, risk and finance teams
• Interest in automation, with Python, R or similar experience welcomed

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you.

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.