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Capital Actuary

Legal & General
London, United Kingdom
Closing date
Apr 27, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Company Description

Humanity is facing fundamental challenges, with the future of our planet hanging in the balance.

As the principal investment arm of the Legal & General Group, our aim at Legal & General Capital is to generate long-term shareholder value, while helping build a better society.

We seek opportunities to invest in sectors most in need of investment and innovation, such as residential housing, large-scale urban regeneration and future cities. We're backing investment in infrastructure and clean energy, and in start-up businesses to drive innovation and growth across the UK.

We're building partnerships between the public sector and institutional investors to accelerate housing delivery, create jobs, support local businesses and transform communities. Which helps to create new asset classes for Legal & General's varied investment requirements, our partners and the wider marketplace.

Job Description

We have an exciting opportunity available to join Legal & General Capital (LGC) as a Capital Actuary.

In this role you will support with the production and review of Solvency II Reporting for LGC - including Actuals Reporting, Monthly Forecasting and Quarterly Analysis of Own Funds and SCR. You will also ensure that processes and procedures are robust, efficient and have adequate controls in place, with developments being identified and implemented as appropriate.

You will also gain a detailed understanding of the assets held within LGC, and how these assets are valued in the Group Solvency II Balance Sheet. As well as developing strong, collaborative relationships with key stakeholders across LGC Finance, LGC Capital Management and Group Performance.

LGC as a Division:-
  • Legal & General Capital (LGC) is the alternative investment arm of L&G, managing assets of over £8bn. It was founded in 2013 to actively invest the Group's own balance sheet into strategic businesses to enhance risk-adjusted returns for shareholders and manufacture assets for the rest of the Group.
  • In addition, the division is targeting c.£25-30bn of third-party Alternative assets under management by 2025. We are growing fast: at FY23 our alternative asset portfolio grew to over £4.5bn (up 8.5% year-on-year). In addition, LGC manages over £3.5bn of Traded and Treasury investments.
  • We focus our investment on addressing long-term trends for the benefit of the Group and society as a whole; our sectors cover Housing, Clean Energy and Specialist Commercial Real Estate), and providing today's capital through our Alternative Finance and Venture Capital strategies. LGC investment has a long-term focus. We identify areas which are economically crucial, structurally underfunded, and require long term finance well matched to the type Legal & General and its clients can provide.
  • A Qualified Actuary (or equivalent) with demonstrable experience.
  • A good understanding of Solvency II Principles, including Internal Model governance.
  • Knowledge of Actuarial Reporting and Analysis across various metrics.
  • An understanding of key reporting metrics including Operating Profit, ROA/ ROCE
  • Strong Excel/Financial Analysis skills.
  • Ability to apply fresh and creative thinking and to develop new strategies/outcomes.
  • Ability to communicate complex ideas to a variety of audiences - both in writing and verbally.
  • Ability to manage several concurrent tasks and work to tight deadlines.
  • A high level of attention to detail, and strong organisation skills, with the ability to prioritise effectively.
  • "OneStream" skills are desirable, but not essential.
Additional Information
  • Competitive Salary
  • 12% Car Allowance (if Qualified Actuary)
  • Annual Performance Related Bonus
  • Holiday Allowance - 27 days plus all UK bank holidays
  • Pension Contribution - L&G match any personal contributions up to 5% and then provide a further contribution of 5% each month
  • Private Medical Cover
  • Life Insurance
  • Income Protection
  • Smart Spending - which gives you access to vouchers/shopping discounts
Please note the above are just a few of the many benefits you will be entitled to from day one, when you join L&G.

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we've grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.

We're all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you'll find a balance that helps you be your best. Empowered by hybrid working, we're supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there's over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don't have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don't just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it's important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we're always open to discussing flexible working arrangements. Likewise, we're committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

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