Actuarial Analyst - Business Solutions
Actuarial Analyst - Business Solutions
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Job Description
Were currently recruiting for an Actuarial Analyst to join the Business Solutions team within our multi awardwinning Retirement Business.
This opportunity would be perfect for an energised individual who is motivated to support us in reaching our business targets through a range of solutions that balance both profitability and capital usage.
In this role you will investigate and communicate the financial impacts of reinsurance arrangements on our business. As well as collaborate with members of the team to design present and guide our capital management solutions. You will also support with the communication and cooperation between our international and UK businesses to ensure that overall strategy is broadly aligned.
This is a hybrid working opportunity which means you can split your working week flexibly between your home and our London office in Moorgate to help you achieve a worklife balance that works for you.
What youll be doing:
- Supporting more senior team members in the of reinsurance contracts. This includes drafting governance papers collaborating with reinsurers and examining financial impacts on our reporting and regulatory balance sheets.
- Exploring the relative merits of different capital and reinsurance frameworks to help manage risks within the division.
- Creating and maintaining models used within the team to estimate financial impacts of new structures being developed e.g. reinsurance collateral monitoring models.
- Supporting the timely effective and smooth transition of new reinsurance transactions to the reinsurance management team who handle the contracts upon completion.
- Feeding into our BAU processes by showing recently completed reinsurance deals and exposures to our panel of reinsurers.
- Producing quantitative and qualitative analysis for our capital initiatives to help the business make decisions that will enable us to achieve our capital usage and premium volume targets and other key performance targets e.g. new business margins.
- Ensuring that our customers are treated fairly by working with sufficient controls systems and processes in place.
Qualifications :
Who were looking for:
- Part Qualified Actuary who is making good progress through the IFoA Exams.
- A continuous growth mindset: with a keen desire to learn and who is not afraid to learn on the job
- Good commercial awareness with knowledge of the bulk annuity insurance and reinsurance markets being highly preferable.
- Comfort with capital modelling under the Solvency II regulatory framework.
- Basic knowledge of the reporting and regulatory regime environment in which L&G operates and their influence on our decision making.
- Basic knowledge of pension regulation with respects to pension buyouts and longevity insurance would be highly preferable.
- Experience in pricing bulk or individual annuities or having exposure to reinsurance arrangements and their role within the bulk annuity market would be highly preferable.
- Exposure to financial performance and business planning within an insurance company would be highly preferable.
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:
- Competitive Salary plus Actuarial Study Support
- The opportunity to participate in our annual performancerelated bonus plan and valuable share schemes
- Generous pension contribution
- Life assurance
- Private medical insurance
- At least 25 days holiday plus public holidays 26 days after 2 years service. Theres 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 brandnew electric car through tax efficient salary sacrifice
- There are the many discounts we offer both for our own products and at a range of high street stores and online
- In 2023 some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
Additional Information :
Legal & General is a leading financial services group and major global investor named Britains 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.
We aim to build a better society for the long term by investing our customers money in things that make life better for everyone.
If you join us youll 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. Empowered through initiatives which support people to develop their careers and excel.
We strive to be open mindful and inclusive so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.
If youre open to find out more wed love to hear from you.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
