ALM Analyst

• Permanent/Regular or Fixed Term Contract/Temporary:
  Permanent (UK and ROW) / Regular (US)
• L&G Business Unit:
  Legal & General Retirements Institutional
• L&G sub Business Unit: INSTITUTIONAL RETIREMENTS
• Primary
  
  Location:
  
  London, One Coleman Street
• Job Family:
  Actuary

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive 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, in UK and US life insurance, and in 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. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

We are looking for an ALM Analyst to support daily and ad hoc ALM requests as well as the regular weekly information used for asset and liability decisions across Institutional Retirement Finance. This is a hands‑on analytical role for someone who enjoys dependable delivery, can spot when numbers do not look right and wants to improve how reporting is produced. You do not need to be an actuary.

We are open to candidates from finance, investments, insurance, pensions, operations or other data‑led environments.

The role will be Cardiff based but will require travel to the London office a few times a month, this will be covered by the business

What you’ll be doing:

• Running the regular weekly ALM MI process and responding accurately to daily or ad hoc ALM requests
• Checking outputs for reasonableness and escalating unusual or unexpected results
• Preparing concise analysis and commentary on key movements
• Supporting what‑if analysis for trades, new assets, new PRT schemes and reinsurance activity
• Maintaining reporting controls, methodology and process documentation
• Troubleshooting data, model and process issues with senior support
• Contributing to automation and technology‑enabled reporting improvements
• Communicating delivery status, risks and issues to relevant stakeholders

Who we’re looking for:

• Experience delivering recurring analytical, finance or reporting outputs to firm deadlines
• Strong Excel and data analysis skills
• Evidence of checking results for reasonableness and escalating issues
• A practical approach to troubleshooting and solving process problems
• Comfort working with code, models or automated workflows
• Clear communication with colleagues across different specialist teams
• Attention to detail, ownership and curiosity
• Interest in ALM, investments, risk, insurance or pensions

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
• Life assurance
• Healthcare Plan…