Company Description
Legal & General is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, aiming to build a better society for the long term by investing our customers’ money in things that make life better for everyone and create value for our shareholders.
Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.
Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.
Job Description
We’re recruiting for a Capital Planning Actuary to join our Group Performance team here at L&G.
The Group Performance team improves business performance by providing challenge, analysis and insight to support informed and robust decision making by the Group, as well Executives and Senior Management. This is a high-profile team that has regular interaction with the Group CEO & CFO as well as Divisional CEOs & CFOs to ensure alignment of divisional forecasts and strategic plans with Group reporting, plans and strategies.
The purpose of the Capital Planning and Analysis team (within Group Performance) is to prepare and analyse capital forecasts and plans for the Group covering both Solvency II and rating agency capital as required.
This is a hybrid working opportunity, which means that you can work flexibly from both our London Office and your home, so that you can find a work-life balance that works for you.
What you'll be doing:
1. Managing the production of monthly capital MI for Group Board, LGAS Board and Group Management committee to ensure they fully understand the capital position and capital dynamics of the Group.
2. Coordinating the delivery of timely and accurate capital forecasts from divisions and comparing the forecasted Solvency II results to the reported Solvency II results at each quarter, identifying potential areas for improvement in the forecast process.
3. Supporting the Head of Capital Planning and Analysis to ensure the group has a robust, timely process for the delivery of projected capital results and associated commentary for the ORSA, business planning and other associated processes, while meeting internal and external professional and regulatory standards.
4. Reviewing and aggregating submissions from business units and communicating results to senior management, involving close co-ordination with the Financial Planning and Analysis team for the equivalent MI in relation to IFRS to ensure alignment and provide explanations of any differences.
5. Supporting the Head of Capital Planning and Analysis with high-quality output and engagement with senior stakeholders on the Plan results, including maintaining a plan to mitigate risk by identifying and addressing material limitations and weaknesses.
6. Becoming a subject matter expert on the presentation and dissemination of capital projection and forecast results to the Board, senior management and market analysts.
7. Making professional judgements relevant to complex and developing actuarial matters using expert or specialist actuarial knowledge.
8. Supporting the Head of Capital Planning and Analysis in defining the bigger picture for direction of travel for improvements in the team.
9. Establishing and building relationships with internal stakeholders in Group Finance, Prudential Risk and Divisional Management Teams to facilitate and enable efficient flow of information across the Group.
10. Advising and influencing stakeholders to ensure deliveries are achievable.
11. Assisting the Head of Capital Planning and Analysis by managing the team, including providing plans for the team's daily activities.
Qualifications
Who we're looking for:
1. Qualified Actuary with a good understanding of SII and how it is applied in practice.
2. Knowledge of Actuarial reporting and analysis across various metrics.
3. Knowledge of IFRS reporting for investment businesses and how this is used to construct the SII impacts for these assets/firms.
4. Good problem-solving capabilities with the ability to apply fresh and creative thinking to develop new ideas/strategies.
5. Ability to communicate complex ideas effectively to a variety of audiences.
6. Ability to adopt a pragmatic approach and make decisions with limited information.
7. Being resourceful in resolving the challenges of producing results on time and of the required quality.
8. Experience of using Anaplan is desirable, but not essential.
Benefits
1. A competitive salary, plus 12% car allowance.
2. Generous pension contribution - L&G match any personal contributions up to 5% and provide a further contribution of 6%, increasing by 1% each April until a further 10% is provided on top of any matching contributions.
3. The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
4. Life assurance.
5. Private medical insurance.
6. Income protection.
7. 27 days holiday, plus public holidays.
8. Competitive family leave.
9. Participate in our electric car scheme.
10. Many discounts for our own products and at a range of high street stores and online.
Additional Information
Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.
If you join us, you’ll be part of a welcoming 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.
We strive to be open, mindful and inclusive, so are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.
If you’re open to find out more, we'd love to hear from you.
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