Capital Reporting Actuary

• Full-time
• Permanent/Regular or Fixed Term Contract/Temporary:
  Fixed Term Contract (UK and ROW) / Temporary (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’re looking for a Capital Reporting Actuary to join us on a 12-month fixed-term contract.

This high-profile role supports the accurate and timely delivery of Solvency UK capital reporting for our Institutional Retirement division.

You’ll interpret complex capital results and communicate them clearly and confidently to the business. You’ll also own key reporting and analytical activities while partnering with senior stakeholders across the organisation.

If you want to join a collaborative, purpose-driven team where your actuarial expertise will inform decision-making, support continuous improvement and contribute to long-term financial sustainability. And you enjoy solving complex problems, doing meaningful work and making a difference in a supportive environment, we’d love to hear from you.

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 work-life balance that works for you.

What you'll be doing:

• Managing quarterly and ad‑hoc production, validation and analysis of Solvency UK SCR results
• Validating internal model outputs and investigating key movements; including assessing the impact of model changes, calibrations, stresses and scenarios
• Collaborating closely with Finance, Risk, Group Actuarial and governance committees to present capital insights
• Planning and prioritising reporting activities, allocating resources and ensuring delivery timelines are met
• Supporting process changes that improve the accuracy and efficiency of capital reporting
• Developing and maintaining robust reporting systems, processes and controls to ensure accuracy and efficiency
• Supporting wider business needs through the creation of clear, meaningful capital MI and commentary

Who we're looking for:

• Qualified Life Actuary with relevant industry experience
• Strong experience of Solvency UK reporting within life insurance or a closely related environment
• Strong knowledge of SCR reporting, matching adjustment and/or UK pension risk transfer
• Ability…