Group Reporting Actuary – ORSA and LIST

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind the scenes.  It’s up to us in L&G Group functions – which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Affairs – to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we’re helping to improve our customers’ lives and contributing to the success of the business every day. 

We’re recruiting for a Reporting Actuary to join our Group Actuarial function, in a role that focuses on large-scale scenario testing exercises such as ORSA and LIST. We’re offering a competitive base salary, car allowance and a host of other great benefits as well as the opportunity to manage these exercises in their entirety.

In this role you will be responsible for the large-scale scenario testing exercises undertaken for L&G Group, including the Own Risk and Solvency Assessment (ORSA) scenarios and the PRA’s (Life) Insurance Stress Testing exercise.

You will be responsible for all aspects of the exercises, including the coordination and communication across divisional SST teams, Group Performance, Group Risk and others. As well as providing a consolidation and review of results, and producing necessary narrative documentation for the relevant committees.

What you'll be doing:

• Ensuring the timely and accurate delivery of Group and LGAS entity level results for the annual ORSA scenario and LIST exercises, including the production and management of narrative documentation for submission to the relevant committees and regulators.
• Providing guidance and support to divisional teams to ensure the requirements of each exercise are understood. This will include building and maintaining relationships with Group Risk for the annual ORSA exercise.
• Developing, implementing and maintaining the team’s processes for LIST and ORSA. Ensuring that systems and processes are robust, with any associated risks assessed and appropriately controlled.
• Demonstrating an attitude of continuous improvement, by taking responsibility for improving the efficiency and effectiveness of the processes used by the team.
• Supporting in the prioritisation, development and implementation of system, process and methodology changes. Which will include working closely with other teams within Group Finance and Divisions to support the wider change agenda.
• Representing Group for financial reporting and related MI within the company, where these relate to ORSA and LIST. Which will include building and maintaining effective relationships with stakeholders including other teams in Group Finance, BAU Finance teams, Investments, and Group Risk.
• Owning the continual development and maintenance of proactive engagement to ensure deliveries continue to meet needs and the quality expected.
• Providing support on ad hoc productions of financial risk metrics which may range from development of Group level methodology to co-ordination of tasks across various production teams.

Who we're looking for:

• A Qualified Life Actuary
• An in-depth knowledge of IFRS and Solvency II Reporting Metrics, Annuity Products and Risk & Regulatory requirements
• Experience of IFRS and Solvency II reporting 
• Strong analytical skills with the ability to review results for reasonableness
• Strong stakeholder management experience
• Good communication and interpersonal skills, with the ability to tailor communication to the needs of specific stakeholders to ensure the information in clear, concise and relevant
• Experience in reviewing processes and implementing improvements
• Advanced VBA and Excel skills are desirable.

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   
• Private medical insurance
• 27 days holiday, plus public holidays. 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 
• 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

Legal & General is a leading financial services organisation, 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’re one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.  

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 strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. 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. 

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