At a Glance
- Tasks: Join our team as a Senior Actuarial Analyst, managing key processes and providing technical analysis.
- Company: Legal & General is a leading UK financial services group, safeguarding financial futures since 1836.
- Benefits: Enjoy hybrid working, generous holidays, performance bonuses, and an electric car scheme.
- Why this job: Make a real impact on customers' financial security while developing your skills in a supportive environment.
- Qualifications: Nearly or Newly Qualified Actuary with experience in IFRS/SII and financial modelling.
- Other info: We embrace flexible working options and value diverse backgrounds and experiences.
The predicted salary is between 43200 - 72000 £ per year.
Legal & General (L&G) is a leading UK financial services group and major global investor. We have been safeguarding people's financial futures since 1836, striving 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, UK and US life insurance, and 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. Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes, and their advisors to help them secure and protect scheme members' retirement benefits.
We are recruiting for a Nearly / Newly Qualified Actuary to join our Investment Reporting Team as a Senior Actuarial Analyst. Our Investment Reporting Team (IRT) is 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:
- Proactively managing your workstream to ensure deadlines are met and that the process runs smoothly and efficiently within the team and wider business.
- Developing a deep knowledge of your field and becoming the subject matter expert on it.
- Proposing innovative solutions to new problems, whilst considering how these proposed changes may impact upstream/downstream teams and processes.
- Leading the development, implementation, and maintenance of the team's reporting systems and processes.
- Communicating analysis of monthly results to both internal and external stakeholders.
- Demonstrating a risk and control mindset through proactive identification of control weaknesses.
- Ensuring that customers are treated fairly in line with Legal & General's Customer Experience and TCF policies.
- Sharing knowledge and coaching newer members of the team.
Qualifications:
- 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.
- Ability to lead and drive process improvements.
- A team player who can work effectively in silo but can also contribute to the team effectively.
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.
- At least 25 days holiday, plus public holidays, 26 days after 2 years' service.
- Competitive family leave.
- Participate in our electric car scheme.
- Discounts for our own products and at a range of high street stores and online.
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.
Senior Actuarial Analyst - Investment Reporting employer: LegalAndGeneral
Contact Detail:
LegalAndGeneral Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Analyst - Investment Reporting
✨Tip Number 1
Familiarise yourself with the latest developments in IFRS and SII regulations. This knowledge will not only help you understand the technical requirements of the role but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in investment reporting. Engaging with industry peers can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your experience with financial modelling and cashflow projection methodologies during interviews. Be ready to share specific examples of how you've applied these skills in previous roles.
✨Tip Number 4
Showcase your communication skills by preparing to explain complex actuarial concepts in simple terms. This will highlight your ability to tailor your messaging for different stakeholders, a key requirement for the role.
We think you need these skills to ace Senior Actuarial Analyst - Investment Reporting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Senior Actuarial Analyst role. Focus on your actuarial qualifications, financial modelling experience, and any work with IFRS/SII.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific projects or experiences that demonstrate your ability to manage workstreams and communicate effectively with stakeholders.
Highlight Technical Skills: Emphasise your technical skills in financial modelling and understanding of asset types. If you have experience with R or similar tools, make sure to include this as it is relevant to the position.
Showcase Problem-Solving Abilities: Provide examples in your application of how you've proposed innovative solutions to complex problems in previous roles. This will demonstrate your proactive mindset and ability to drive process improvements.
How to prepare for a job interview at LegalAndGeneral
✨Understand the Role and Responsibilities
Before the interview, make sure you have a solid grasp of what the Senior Actuarial Analyst position entails. Familiarise yourself with the key processes of the Investment Reporting Team and be ready to discuss how your skills align with their needs.
✨Showcase Your Technical Skills
As this role requires a good understanding of IFRS, SII, and financial modelling, be prepared to discuss your experience in these areas. Bring examples of past projects where you've successfully applied these skills, especially in R or similar modelling tools.
✨Communicate Effectively
Strong communication is crucial for this role. Practice explaining complex actuarial concepts in simple terms, as you may need to present your analysis to both technical and non-technical stakeholders. Tailor your messaging to suit your audience.
✨Demonstrate Problem-Solving Abilities
Be ready to discuss how you've approached challenges in previous roles. Highlight any innovative solutions you've proposed and how they impacted your team or the wider business. This will show your proactive mindset and ability to drive process improvements.