Actuarial Analyst - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

What you'll be doing

Supporting the Business Solution Directors and Managers in the execution, governance and analysis of L&G's reinsurance contracts by providing material for governance papers, working with the reinsurer to obtain pricing, assessing the pricing, and calculatingthe IFRS and Solvency financial impacts.
Providing analysis of structural solutions to help manage L&G's risk position.
Supporting the development of new structures, collateral arrangements, security agreements, within LGRI by creating and maintaining models required to accurately assess their impact on IFRS and Solvency II metrics.
Supporting the Directors and Managers in ensuring that new reinsurance transactions are effectively handed over to the PRT Business Services team upon completion.
Supporting the Managers in producing some of our regular MI around reinsurance deals and exposure to reinsurers.
Working as part of the LGRI team to support it to achieve its targets in terms of capital usage, premium volume and margin by providing quantitative and qualitative analysis on initiatives feeding into structural development and approval process.
Supporting the development and implementation of strategies for LGRI by providing quantitative and qualitative analysis on initiatives feeding in to structural development and approval process.

What we're looking for

Student Actuary who is making good progress through the IFoA Exams.
A strong communicator with the ability to communicate to colleagues and stakeholders in an appropriate manner at all levels.
A self starter, who is willing to get involved with a variety of tasks and/or projects, and will not be phased by the varying, dynamic nature of the work.
In depth knowledge of the annuity insurance and reinsurance business and how it interrelates with the rest of the Group.
Good understanding/experience of capital modelling under Solvency II.
Basic knowledge of the relevant statutory and regulatory regime applicable to the Group's businesses and its corporate governance.
Previous experience as an Analyst; for example in pricing PRT schemes at another insurer or working within a pensions consultancy or brokerage environment would be highly advantageous.

Benefits
When you commit to Legal & General, we'll commit to you too. That means we'll recognise and reward your hard work, your performance and your contribution.

If you join us, you'll get access to some great benefits, including private medical insurance, at least 25 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection.

You can participate in our electric car scheme,which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice.

We're also proud to offer competitive family leave.

You'll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.

And then there are the many discounts we offer that you can take advantage of - both for our own products and at a range of high street storesand online offerings.