Model and Financial Control Actuary

Securing pensions over the long term can be a challenge for many businesses.

Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement.

And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. 

We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.  

PLEASE NOTE THIS IS A 12 MONTH FIXED TERM OPPORTUNITY

We have a fantastic opportunity available within our Retirement Division (LGRI), which will focus on reducing the operational risk associated with LGRI financial processes.

As a Model & Financial Control Actuary you will gain a strong understanding of our finance processes and relevant Group policies which you will leverage to help identify and monitor risk-based activities to reduce the level of associated risk. You will also perform deep dive reviews on processes and models to provide recommendations for improvements and provide insightful MI on the current status of the finance internal control framework and policy compliance to inform decision-making for continuous improvement.

You will also be involved in further embedding IFRS 17 into BAU with the focus on ensuring new processes are effective and well-controlled. As well as helping to improve the risk culture across LGRI through training and being a key point of contact on matters relating to model/EUC risk reduction activities and encouraging open dialogue over the root causes of past issues and risk events. 

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London offices to help achieve a work-life balance which suits you.

Do you feel like you meet the requirements but require greater flexibility? We’d love to hear from you regardless; we’re open to flexible working arrangements and support hybrid working, so please get in touch!

• A Qualified Actuary (or equivalent through demonstrable experience).
• Significant Financial Reporting experience including;
  - Knowledge of the operation of financial controls
  - Knowledge of the insurance industry
  - Knowledge of actuarial concepts (in particular longevity, investments, pricing)
  - Knowledge of actuarial models
• Strong stakeholder management skills, with the ability to present complex financial information in a suitable manner for senior management.
• Ability to pick up complex ideas quickly.
• Experience of implementing EUC and model controls.
• Excellent attention to detail.
• Clear concise communication and ability to work as part of a team.
• Ability to lead by example and demonstrate good coaching skills to the more junior members across the wider Finance team.

When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.

If you join us, you’ll get access to some great benefits, including private medical insurance, 27 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection.

You'll receive a car allowance of 12% of your annual salary, and you can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave. 

You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings. 

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.