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Job description





    Company Info

    Working here is about being there for our customers; we're available should the worst happen and we work together to enable social and financial equality across the UK. But it's also about you -how you develop and what you can achieve. We'll help your talent thrive in an environment where you'll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.


    Department Info

    From HR and Digital teams through to Group Finance, Risk and Corporate Comms - our Group function support our businesses across the UK and abroad. Delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.

    We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.


    Job Duties

    Purpose

    Supports the Head of Audit's (HoA) by designing, driving and delivering a portfolio of high quality risk-based audit services across the Group with a focus on areas with significant actuarial elements such as pricing and reserving by providing independent opinion and assurance on the strength of the control framework a...

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Supports the Head of Audit's (HoA) by designing, driving and delivering a portfolio of high quality risk-based audit services across the Group with a focus on areas with significant actuarial elements such as pricing and reserving by providing independent opinion and assurance on the strength of the control framework and the effectiveness of business risk management.

Is an active member of the LGR and Finance Audit team, using knowledge and experience to provide challenge and advice to peers across the team's portfolio of audits where subject matter includes actuarial components. Actively contributes to the team management, development and achievement of strategic goals.

Supports junior actuaries on the team in their work and with their professional development.

Supports the HoA in managing the strategic relationship with key GIA stakeholders ensuring the risks associated with latest business plans are fully considered and provides independent opinion and assurance on the strength of the control framework and the effectiveness of business risk management.

Principal Accountabilities
  • Executes a dynamic, quarterly, risk-based audit plan ensuring the plan focuses audit activity on key areas of most significant business risk. Monitors and anticipates regulatory and business change, assesses the potential impact and instigates exceptional audits as required. Provides an appropriate level of assurance, that the most significant risks to the business are being well managed.
  • Manages the workload of assigned audit resources, monitors the quality of audit files and ensures all audit work complies with GIA's audit methodology and standards. Delivers audits on time and to agreed budgets, presents to executive management and agrees commercially viable audit recommendations and business actions to address areas of risk and failures in the control framework.
  • Influences executive stakeholders to embed risk management practices, thereby enhancing internal control practices and improving the overall strength of their control framework through the delivery of high quality audit reports and focused audit opinions.
  • Analyses audit opinions and conclusions providing input to GIA commentary to the Group Audit Committee, relevant business division Boards and Risk & Compliance Committees, on significant areas of concern and the remedial actions required to mitigate risk to the Group.
  • Ensures that the principles of treating customers fairly (TCF) are embedded into management practices, so that identified risks recognise relevant TCF outcomes, and business processes and internal controls are structured and performed in a way that effectively delivers the required TCF outcomes.
  • Support the ongoing development of audit methodology and approach in respect of model error risk.
  • Contribute to building data analytics capability within GIA.



Skills Required

Qualifications
  • Qualified Actuary or equivalent actuarial experience.

Knowledge /Experience
  • Extensive experience of actuarial principles and practices.
  • Previous experience in a business role within the insurance industry.
  • Comprehensive knowledge of life and pensions insurance products throughout their lifecycle.
  • Demonstrable knowledge of Conduct and Prudential Regulatory Risk, Corporate Governance practices and frameworks.
  • Demonstrable understanding of risk management principles and practices.
  • Experience of Internal Audit principles and practices is an advantage.

Skills
  • Directing and delivering a programme of audits, leading technical or complex reviews and providing overall quality control.
  • Strong leadership skills.
  • Effective negotiator.
  • Articulate and effective communicator, both orally and in writing.
  • Energetic and enthusiastic with a strong work ethic.
  • Ability to offer purposeful, constructive scrutiny and challenge through sound, independent judgement and common sense.
  • Resilient, handles adverse responses or criticisms positively and constructively.




Benefits

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 30 days' holiday, private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme, your hard work will be rewarded when you join us.

For further information about the role, please contact Lynn Morriss, UK Resourcing Lead, at lynn.morriss@landg.com


Job Sector
Accountancy
Job Position
Auditor
Salary
£80,000.00 - £110,000.00 / year
City/Town
London
Address
London, UK Show on map
Post date
Closing date

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