Senior Capital Reporting Analyst

LegalAndGeneral; London; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

An established industry player is seeking a Senior Capital Reporting Analyst to support effective Solvency II reporting. This hybrid role offers flexibility, allowing you to balance work between home and the London office. You'll play a crucial role in producing financial results, validating internal models, and enhancing reporting processes. The company values performance and offers a comprehensive benefits package, including a generous pension contribution and healthcare plan. Join a welcoming culture that encourages collaboration and supports career development while making a positive impact on customers' financial security.

Benefits

Annual performance-related bonus plan

Generous pension contribution

Life assurance

Healthcare Plan

At least 25 days holiday

Competitive family leave

Electric car scheme

Employee discounts

Wellbeing-focused office spaces

Qualifications

• Nearly/newly qualified actuary with life insurance experience.
• Strong analytical skills and excellent communication abilities.
• Experience in Solvency II capital reporting and stress testing.

Responsibilities

• Produce quarterly and ad-hoc recalculations of the Solvency Capital Requirement.
• Validate and analyze internal model results and conduct stress testing.
• Maintain and develop proxy modeling processes and controls.

Skills

Analytical Skills

Communication Skills

Stakeholder Management

Life Insurance Experience

Solvency II Reporting

Stress Testing

Education

Qualified Actuary

Tools

Python

R

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.

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 division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members' retirement benefits.

Joining us means you'll support customers' financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

Job Description

We're recruiting for a Senior Capital Reporting Analyst to join us. We're offering a competitive salary, great benefits and the opportunity to play a crucial role in supporting the delivery of effective, efficient, and accurate Solvency II reporting for our Institutional Retirement division.

This interesting and varied role will give you the opportunity to contribute towards the production of financial results - including any relevant supporting analysis and commentary - as well as the opportunity to disseminate financial information to a variety of stakeholders.

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

What you'll be doing:

• Producing quarterly and ad-hoc recalculations of the Solvency Capital Requirement (SCR)
• Validating and analysing internal model results - including but not limited to - the impact of IM changes and calibrating & validating the capital pricing model
• Conducting stress & scenario testing on our capital position
• Recalibrating proxy models for SCR recalculations
• Maintaining and developing proxy modelling processes and controls
• Supporting the prioritisation and scheduling of reporting and process improvement activities (both BAU & Ad-hoc)
• Implementing process and methodology changes for improved accuracy of results and analysis
• Building and maintaining effective working relationships across the business

Qualifications

Who we're looking for:

• Nearly/newly qualified actuary with life insurance experience
• Experience in SII capital reporting, stress & scenario testing and/or ALM
• A good understanding of Solvency II reporting metrics, matching adjustment and the risk & regulatory environment that we operate in
• Strong analytical skills with the ability to review results for reasonableness and challenge where appropriate
• Excellent communication and interpersonal skills, including the ability to effectively manage a variety of stakeholders
• Experience in reviewing processes and implementing improvements
• Knowledge of UK Pension Risk Transfer would be highly beneficial
• Proficiency in Python or R would also be highly beneficial

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:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan
• 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 the many discounts we offer - both for our own products and at a range of high street stores and online
• 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

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, term-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.

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