Senior Actuarial Analyst – Investment Reporting

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

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 700,000 of whom are institutional customers who have had their retirement benefits secured with us.

We’re recruiting for a Nearly / Newly Qualified Actuary to join our Investment Reporting Team as a Senior Actuarial Analyst.

Our Investment Reporting Team (IRT) are responsible for the asset cashflow projection and discount rate methodology & calculation under both IFRS and SII and sits within our Institutional Retirement Division.

As a Senior Actuarial Analyst you will be responsible for running a number of key processes for IRT, including providing technical analysis of results (which could also include presenting this analysis back to the business), as well as modelling and process development work to further enhance our Investment Reporting capabilities.

This is a hybrid working opportunity which means you can split your working week between your home and our Central London office to find a work - life balance that works for you.

• Ensuring that deadlines are met and processes run smoothly/efficiently, both within the team and the wider business. Which will require proactive communication with both upstream and downstream teams
• Developing a deep knowledge of Investment Reporting and developing good working knowledge of the underlying models used within Investment Reporting to enable deep dives into results, debug any issues and make future developments
• Proposing innovative solutions to new problems, whilst considering how these proposed changes may impact upstream/downstream teams and processes, as well as those within Investment Reporting
• Leading the development, implementation, and maintenance of the team’s reporting systems and processes. Which will include ensuring that systems and processes are robust, with any associated risks assessed and appropriate checks and controls in place
• Communicating analysis of monthly results to both internal and external stakeholders
• Demonstrating a risk and control mindset through proactive identification of control weaknesses and ensuring that these are remediated quickly, sustainably, and effectively
• Ensuring that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policies
• Sharing knowledge and coaching more junior members of the team

• Nearly or Newly Qualified Actuary (under the IFoA or equivalent) ideally with experience working with IFRS / SII and/or assets
• Experience in financial modelling and a good understanding of modelling, ideally in R
• Understanding of asset types typically invested in by insurers and cashflow projection methodologies
• Knowledge of IFRS and SII discount rate calculation and reporting
• Awareness of risk and regulatory requirements within the UK finance sector
• Strong communication and stakeholder management skills, with the ability to tailor messaging to suit the needs of the audience
• Ability to lead and…