Reporting Actuary

Job title:                                  Reporting Actuary

Location:                                London

Hours:                                     Full-time

Wage:                                     £70,000 - £80,000 per annum

Work Pattern:                       Monday – Friday

Employer:                              Legal and General Resources Ltd

Duration:                               Permanent

Date advert posted:             31 May 2018

Closing date:                          28 June 2018

Job description

Legal and General Resources Ltd (LGR) is seeking a Reporting Actuary to support the LGR Finance Reporting function in producing timely statements and analysis of our c£55bn asset and liability portfolio. 

Key responsibilities

• Supporting LGR’s IFRS and SII (base) reporting function to provide timely and accurate delivery and commentary of financial reporting results, meeting internal and external standards;
• representing LGR Finance for reporting metrics and MI within the company, building and maintaining effective relationships with stakeholders including, but not limited to the wider finance function, investments, LGIM (our asset manager), LGR Pricing, our Group function and auditors;
• presenting and disseminating results, incorporating specialist supporting analysis and commentary for reporting metrics;
• managing ongoing liaison by continually developing and maintaining proactive engagement to ensure deliveries continue to meet needs and the quality expected;
• working with LGR Managers to effectively prioritise and schedule reporting activities and allocate resources to meet stakeholder needs;
• managing, motivating and developing employees at all employees at all levels, in a manner that is consistent with the Company’s policies and procedures including the Partnership Agreement, to maximize the performance of the area;
• providing training, mentoring and guidance to team members so that they have the specialist actuarial and investment knowledge, skills and attitude to maximise the performance of the team and deliver and effective reporting service for LGR Finance;
• assisting with the development, implementation and maintenance of reporting systems, processes and methodologies, ensuring that they are robust and that risks are assessed and appropriately controlled;
• identifying and proposing efficiencies to be gained within existing reporting processes and systems;
• helping to ensure that the appropriate processes, systems and controls are in place and that the risks and issues are identified and escalated within LGR, to ensure that customers are treated fairly in line with Legal & General’s Customer Experience and TCF Policy.

Essential Qualifications

The successful candidate must possess the following qualifications:

• be a qualified actuary with relevant experience in IFRS and/or SII annuities reporting.

Essential Skills & Experience

The successful candidate must have the following skills and experience:

• good relevant understanding of:
• asset and liability modelling;
• financial reporting metrics: IFRS, EV, EC, Solvency II (incl. Matching Adjustment);
• bulk and individual annuity products;
• UK finance sector;
• implementing change; and
• risk and regulatory requirements;

• strong analytical skills with the ability to review results for reasonableness;
• excellent communication and interpersonal skills;
• ability to comfortably interact with senior stakeholders on behalf of LGR Finance;
• aspirations for team management and mentoring;
• relevant experience in reviewing processes and implementing improvements;
• good attention to detail;
• aspiration for career development and progression; and
• good time management skills. 

To apply: please upload your CV and a cover letter directly through the portal.

Date posted: 31 May 2018

Closing date: 28 June 2018