Company Description
Legal & General Resources Bermuda Ltd. is a Bermuda-based specialist life reinsurer providing life reinsurance solutions to clients in the UK, Europe, the US, and Canada.
Job Description
The Senior Financial Reporting Actuary role is responsible for supporting the L&G Re finance strategy, which focuses on actuarial reporting and Business Planning. The role involves working on the annuity and longevity reinsurance business for L&G Re entities and reporting the profits and solvency of L&G Re entities. The role also provides actuarial project support for various group led projects, internal model change projects, investment projects and other balance sheet management projects.
What you'll be doing:
- Working collaboratively across multiple teams to perform and review financial results for the company. Actuarial bases will include IFRS, Solvency II, EBS and Liquidity and will require review and validation of actuarial calculations and supporting new methodologies in response to regulatory changes.
- Collaborating with Group Divisions to maintain and enhance our reporting capabilities, supporting L&G Re's international growth.
- Providing actuarial project support for new business onboarding, group-led projects, and balance sheet management initiatives.
- Preparing insightful reports and analyses for senior management, contributing to strategic decision- making.
- Understanding the impact of business strategies that may include longevity, protection/mortality, and non-life reinsurance business for external business and internal retrocession.
- Delivering effective written and verbal communication, including report writing and presenting to all relevant parties to support effective decision-making and manage the smooth and integrated delivery of business objectives.
Qualifications
Who we're looking for:
- A fully qualified Actuary.
- A minimum of seven years of relevant actuarial experience in the life insurance sector.
- Significant experience and understanding of individual and bulk purchase annuity business and longevity swaps are required, with experience in the UK and/or Canadian market strongly preferred.
- Deep technical understanding of IFRS, Solvency II, and preferably the Bermuda EBS framework.
- Reporting or Business Planning experience and the ability to review and challenge results, methodology and controls.
- Demonstrated understanding of compliance standards for actuarial reporting, with the proven ability to identify key issues and design and implement efficient, robust and effective actuarial processes and controls.
- Ability to take a balanced view on a range of actuarial and commercial matters.
- Strong communication skills, both written and verbal.
- A track record of excellent relationship management and stakeholder engagement.
Additional Information
At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.
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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.
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.
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