Job Description
Legal & General (L&G) is a leading UK financial services group and major global investor.
We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.
We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.
L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.
Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.
Who we are
Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.
Across our retail and institutional retirement businesses, we look after more than 1 million customers, around 700 000 of whom are institutional customers who have had their retirement benefits secured with us.
What you’ll be doing
- Ensuring that deadlines are met and processes run smoothly/efficiently, both within the team and the wider business. This requires proactive communication with upstream and downstream teams.
- Developing a deep knowledge of investment reporting and a solid grasp of the underlying models used within the team to enable deep dives into results, debug any issues and make future developments.
- Proposing innovative solutions to new problems, whilst considering how the proposed changes may impact upstream/downstream teams and processes, as well as those within investment reporting.
- Leading the development, implementation and maintenance of the team’s reporting systems and processes, ensuring that systems and processes are robust, with associated risks assessed and appropriate checks and controls in place.
- Communicating analysis of monthly results to both internal and external stakeholders.
- Demonstrating a risk and control mindset through proactive identification of control weaknesses and ensuring that these are remediated quickly, sustainably and effectively.
- Ensuring that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policies.
- Sharing knowledge and coaching more junior members of the team.
Qualifications
- Nearly or Newly Qualified Actuary (under the IFoA or equivalent) with experience working with IFRS, SII and/or assets.
- Experience in financial modelling and a good understanding of modelling, ideally in R.
- Understanding of asset types typically invested in by insurers and cash‑flow projection methodologies.
- Knowledge of IFRS and SII discount‑rate calculation and reporting.
- Awareness of risk and regulatory requirements within the UK finance sector.
- Strong communication and stakeholder‑management skills, with the ability to tailor messaging to suit the needs of the audience.
- Ability to lead and drive process improvements.
- A team player who can work effectively in silo but can also contribute to the team effectively and help achieve collective goals.
Benefits
- The opportunity to participate in our annual, performance‑related bonus plan and valuable share schemes.
- Generous pension contribution.
- Life assurance.
- Healthcare plan.
- At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. Option to buy and sell holiday.
- Competitive family leave.
- Participation in our electric car scheme, offering employees the option to hire a brand‑new electric car through tax‑efficient salary sacrifice.
- Many discounts available for our own products and at a range of high‑street stores and online.
- We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience.
Additional Information
At L&G, we believe it’s possible to generate positive returns today while helping to build a better future for all.
Joining us means being part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. We are guided by leaders with integrity who care about your future and wellbeing, and we empower you through initiatives that support you to develop your career 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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