Senior Investment Analyst

Legal & General Reinsurance (“L&G Re”) is a Bermuda-based specialist life reinsurer. We are the global reinsurance hub of Legal & General Group Plc, a multinational financial services company established in 1836, and we provide life reinsurance solutions to clients in the UK, Europe, US and Canada. The Investment function is critical to the success of L&G Re given its focus on asset-intensive reinsurance. The Senior Investment Analyst sits within the Investment team and assists with processes such as external manager onboarding, portfolio analytics, capital markets assumption setting and other ad-hoc research projects.

• Assisting with new asset class research, due-diligence, and governance processes.
• Assisting with shadow underwriting of credit and structured products deals from external asset managers. Drafting deal opinions for different stakeholders that evaluate a proposed transaction based on risk parameters, rating methodology, and attractiveness of the deal as part of the overall portfolio.
• Developing balance sheet portfolio analytics and asset allocation tools to evaluate tactical trading ideas across the Corporate Bonds, Structured Assets, and Private Credit universe.
• Supporting in further developing ALM models to ensure balance sheet risks are well understood and quantified. This reflects multiple views of the balance sheet including IFRS, Solvency II, and the Bermudian Economic Balance Sheet (“EBS”).
• Assisting with risk monitoring and management processes for all the key balance sheet risks L&G Re is exposed to, including interest rate, currency, and inflation.
• Coordinating with both internal and external asset managers to source data to monitor North American and European liquid fixed income markets and develop illiquidity premium for direct investments.
• Preparing regular reports and updates on portfolio performance, market trends, and investment metrics to ensure the portfolios continue to meet investment objectives.
• Developing and maintaining robust documentation and audit trails for investment models and processes consistent with Group requirements and processes.
• Collaborating with the broader investment team on new business opportunities and assisting with new business portfolio construction.
• Delivering effective written and verbal communication, including report writing and presenting asset strategy, solutions development, and progress to plan at Committee/Board level.
• Assisting with various tasks and projects as needed, which may include duties outside the primary scope of the job.
• Developing and maintaining highly collaborative and effective relationships at all levels within the organization, as well as externally with the Company’s investment managers and clients.
• Actively promoting L&G Re’s culture of ownership across the organization and being a role model for L&G behaviours.
• Carrying out duties with integrity, purpose, and diligence, ensuring that appropriate professional standards are maintained, that business requirements and deadlines are met, that records are maintained appropriately, and that internal governance and processes are fit for purpose and meet internal and relevant regulatory requirements.

• A minimum of 3 years of relevant work experience in an investment’s role, ideally having worked with fixed income, derivatives and alternative assets.
• A minimum of 2 CFA exam passed with a view to completing the remaining exams, or successful completion of a minimum of 7 actuarial exams, preferably with the Institute and Faculty of Actuaries or the Canadian Institute of Actuaries, with demonstrated progression to attain full actuarial accreditation.
• Strong technical/quantitative skills that can be applied to portfolio construction, optimisation, ALM, and risk modelling.
• Understanding of derivatives used to hedge interest rate, inflation and currency risks.
• A proven ability to review and validate work independently, demonstrating attention to detail through the quality and accuracy of deliverables
• Experience of on-boarding investment managers, including their review and appointment, operational setup and ongoing performance monitoring
• Strong Bloomberg and Excel skills
• Working knowledge of the annuity pricing process for individual and bulk purchase annuity business.
• Some working knowledge of insurance reporting and regulatory frameworks, including Solvency II, IFRS and EBS, as well as the wider business, including the economic, market and regulatory environment in which L&G Re operates
• Demonstrated ability to develop effective professional relationships at all levels throughout an organisation, with experience in senior stakeholder management
• Demonstrated ability to apply strong technical investment and finance skills, act independently, as well as part of a team, problem solve and apply sound judgement and pragmatism in order to achieve business aims
• Must be very organised, highly efficient and enjoy working in a fast-paced dynamic environment, with the ability deliver reliable work of a high quality in demanding timescales in a small company environment