Senior Actuarial Analyst - Group Capital

LegalAndGeneral; London; Hybrid; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Nearly/Newly Qualified Actuary to join their Group Actuarial team. This exciting role involves producing financial reporting results and improving reporting systems. You will work with key metrics like IFRS 17 and Solvency II while collaborating with diverse stakeholders. The company offers a hybrid working model, allowing you to balance work and life effectively. Join a forward-thinking organization that values performance and offers a comprehensive benefits package, including competitive salary, generous leave, and opportunities for professional growth.

Benefits

Competitive Salary

Performance-related bonus plan

Generous pension contribution

Life assurance

Healthcare Plan

25+ days holiday

Electric car scheme

Employee discounts

Wellbeing-focused workspace

Qualifications

• Nearly or Newly Qualified Actuary with strong analytical skills.
• Experience in data and financial analysis techniques required.

Responsibilities

• Produce quarterly Solvency II reporting and assist in TMTP calculations.
• Support development and maintenance of reporting systems.

Skills

Actuarial Analysis

Data Analysis

Financial Analysis

Communication Skills

Time Management

Problem-Solving

Education

Nearly or Newly Qualified Actuary

Tools

MS Excel

MS Word

Job description

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Company 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.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We're currently recruiting for a Nearly/Newly Qualified Actuary to join our Group Actuarial team as a Senior Actuarial Analyst.

In this role you will play a crucial part in the production and consolidation of financial reporting results across L&G's insurance businesses. This is an exciting opportunity to work with a variety of metrics, including IFRS 17 and Solvency II, and to contribute to the continuous improvement of our reporting systems and processes.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate or at our office in Hove to help you achieve a work-life balance that works for you.

What you'll be doing:

1. Producing quarterly Solvency II reporting of Technical Provisions
2. Forecasting the Transitional Measure on Technical Provisions (TMTP) on a monthly basis
3. Assisting in the calculation of TMTP sensitivities on a quarterly basis
4. Assisting in the IFRS17 Risk Adjustment process, including ensuring the Provisions for Adverse Deviation (PADs) set by the business units meet the requirements for the Group calibration of Risk Adjustment
5. Collating reporting assumptions for disclosures and analyses
6. Supporting the ongoing development, implementation, and maintenance of reporting systems and processes
7. Building and maintaining effective relationships with key stakeholders across the business
8. Ensuring that your communication (both verbal and written) is clear, concise, and tailored to the needs of stakeholders
9. Producing management information for senior review as required, ensuring that it is of the expected quality and delivered on time
10. Supporting the Group Capital & Reporting team managers with ad-hoc investigations by providing data, analysis and opinion as required

Qualifications

Who we're looking for:

1. Nearly or Newly Qualified Actuary
2. Familiarity with Solvency II
3. Knowledge of actuarial liability reporting and analysis processes
4. Experience in data analysis and financial analysis techniques
5. Proficient in the use of MS Excel and Word
6. Strong communication and relationship management skills
7. Commitment to continuous improvement and high standards of work
8. Strong time management skills with a focus on delivery even against tight deadlines
9. Problem-solving skills with the ability to develop new processes and approaches

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

1. Competitive Salary
2. The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
3. Generous pension contribution
4. Life assurance
5. Healthcare Plan
6. At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday
7. Competitive family leave
8. 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)
9. There are the many discounts we offer - both for our own products and at a range of high street stores and online
10. In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming 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 strive to be open, mindful and inclusive, so are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.

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