Reporting Actuary (Financial Risk)

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.

Who we are 

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

We’re recruiting for a Reporting Actuary to join us here at L&G.

In this role you’ll play a pivotal part in effectively managing financial risks and delivering high-quality insights that support our strategic decision-making.

This will include leading on the production and analysis of results that support the management of our ALM position, ensuring our risks are effectively controlled.

This role is a Hybrid working opportunity, which will allow you to split your working week between your home and our London office to find a work-life balance that works for you.

What you'll be doing:

• Delivering timely and accurate financial risk metrics including IFRS and Solvency II sensitivities
• Supporting actuarial colleagues to meet reporting and analysis needs across the business
• Managing stakeholder relationships and tailoring communications to diverse audiences
• Planning and allocating resources to ensure effective delivery of financial risk reporting
• Leading, managing and coaching junior team members to maximise performance and engagement
• Improving reporting systems and processes with a focus on robustness and efficiency
• Contributing to change initiatives across finance and risk functions
• Embedding a strong risk and control culture within financial risk reporting

Who we're looking for:

• A Qualified Actuary with relevant work experience within Life Insurance
• An understanding of reporting metrics including IFRS, and Solvency II
• An understanding of the UK finance sector, and associated risk & regulatory requirements
• Experience in bulk and individual annuity products
• Strong analytical skills and the ability to assess results for reasonableness
• Proven stakeholder management and communication skills
• Ability to lead and mentor junior team members
• Experience in reviewing and improving actuarial processes

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
• 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 (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
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

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.