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Financial Control Actuarial Manager

Legal & General
London, United Kingdom
Closing date
Jun 10, 2024

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

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind the scenes. It's up to us inL&G Group functions- which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Affairs - to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we're helping to improve our customers' lives and contributing to the success of the business every day.

Job Description

We're recruiting for an Actuary to join us as a Financial Control Manager. We're offering acompetitive base salary, plus car allowance (if fully qualified under the IFoA or equivalent) and a host of other fantastic benefits.

The Financial Control team are responsible for reviewing and assessing processes to ensure an appropriate control environment is maintained across the Legal & General Group. In this role you will be responsible for supporting the Financial Control Lead and Senior Managers so that the Financial Control Framework (FCF) is operating effectively and efficiently across the annual reporting cycle. This will require ongoing engagement with stakeholders from various divisions and functions, including senior Divisional and Group Finance teams. What you'll be doing:
  • Operating as an Actuarial control expert for the L&G Group to ensure that Actuarial Financial Reporting areas are appropriately reviewed and challenged in understanding the impacts of the control framework. This will include providing support and training to other members of the Financial Control team and key stakeholders within the Group.
  • Ensuring completion of the FCF requirements with respect to walkthrough performance and the Design & Operating Effectiveness of actuarial processes, this will include:-
    - The identification of relevant risks and controls.
    - The completion of final risk and control risk lists.
    - Raising and recording appropriate issues from the design effectiveness exercise.
    - Ensuring that all issues and actions are captured accurately and completely.
    - Supporting with the production of relevant MI for the committee.
  • Risk Assessment Validation - Including the agreement and rating of deficiencies, as well as associated remediation plans. And then engaging with key stakeholders to facilitate the smooth delivery of these proposed remediation plans.
  • Supporting the review of significant models and EUCs as appropriate in order to provide assurance to the Group Model and Financial Control Committee.
  • Overseeing BAU deliverables including; task scheduling and ensuring the work the team completes is of the highest standard, with accuracy and attention to detail being the key drivers of success.
  • Reviewing and signing-off key deliverables and managing individual capability so that the team work effectively and efficiently, with prompt resolution of issues.

Who we're looking for:
  • A Nearly Qualified/Qualified Actuary (or equivalent demonstrable experience)
  • Demonstrable IFRS17 and Audit experience.
  • A broad understanding of the Legal & General Group and its products.
  • Strong understanding of actuarial processes for protection and retirement businesses.
  • Experience of financial reporting risk and control frameworks is preferable, but not a key requirement.
  • Strong conceptual and practical understanding of the risks and processes associated with insurance and asset management businesses.
  • Ability to critically challenge technical requirements and to think outside the box to find innovative, practical and commercial solutions to problems.
  • Highly persuasive on technical matters through written and verbal communications.
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
  • Generous pension contribution
  • Life assurance
  • Private medical insurance (permanent employees only)
  • 27 days holiday, plus public holidays. There's 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 brand-new 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 organisation, 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.

We're one of the world's largest asset managers, homebuilders, pension providers and insurers.Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.

If you join us, you'll be part of a welcoming, inclusive 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. It doesn't matter if you don't meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.

If you're open to find out more, we'd love to hear from you.
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