Actuarial Finance Business Partner
- London
- Full-time
- Actuary
__jobinformationwidget.freetext.ExternalReference__
913_09689
This vacancy has now expired. Please see similar roles below...
Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award-winning business.
We’re recruiting for an Actuarial Finance Business Partner to join our Retirement Division. We’re offering a competitive base salary, great benefits and the opportunity to support L&Gs Retirement Division to optimise its financial performance and ensure that the financial implications of tactical and strategic decisions are fully assessed and understood under a variety of scenarios.
What you'll be doing:
- Utilising a deep technical knowledge of Solvency II capital and IFRS 17 to provide high quality financial analysis, support the business to optimise its financial performance and to ensure that the financial implications of tactical and strategic decisions are fully assessed and understood under a variety of scenarios.
- Supporting the Head of Finance Business Partnering and Senior Finance Business Partners in the development and delivery of LGRI’s detailed five-year strategic plan, including ORSA economic downside scenarios, and the preparation of regular forecasts of business KPIs (including profitability (primarily IFRS 17), Solvency II surplus generation, new business performance and liquidity).
- Working closely with the Strategy / Corporate Development teams and the wider business to support the development of the division’s strategy by preparing financial analysis and projections under a range of scenarios to assess the financial implications of new initiatives.
- Maintaining, developing and using detailed financial models (primarily Excel based currently) to generate projections of P&L, Balance Sheet (including Solvency II) and other KPI metrics for both plans and forecasts, including various sensitivities and scenarios.
- Having an in depth understanding of threats and opportunities to the LGRI financial results and being able to apply commercial and technical knowledge to suggest a series of “levers” that can be used to manage the stability and predictability of these results.
- Constructing reports to communicate financial results and forecasts back to the business (including Senior Management Teams) and to the Group to assist the LGRI Division and Group in the management of its business performance.
- Developing and maintaining close working relationships with the wider Finance team and taking a collaborative approach to the production of financial analysis. As well as working with the UK/International Pricing, Origination, Reinsurance, Investment and Risk teams to develop and maintain a solid understanding of the business, its plans, strategy and initiatives and the key drivers of performance.
- Demonstrating an attitude of continuous improvement by keeping abreast of technology developments that could simplify and streamline the processes and procedures within the team and proposing these improvements. As well as having a collaborative approach to improving the effectiveness and efficiency of the team’s wider deliverables.
Who we're looking for:
- A Qualified / Nearly Qualified Actuary or Qualified Accountant with relevant experience as outlined below:-
- A detailed technical understanding of a Solvency II balance sheet and associated metrics in a life insurance or pensions context (This is an essential requirement for the role)
- A good understanding of IFRS 17 and related metrics in a life insurance or pensions context.
- The ability to interrogate models to understand the impact of different assumptions and explain these movements in the results, and deploy appropriate checks and controls to ensure accuracy of outputs.
- A comprehensive knowledge of the Pension Risk Transfer (‘PRT’) products (buy-ins and buy-outs) as well as a detailed understanding of the drivers of business performance for a PRT provider.
- An understanding of our competitor and market environment, the changes happening within them and the impact these could have on internal strategies, plans and targets.
- Excellent stakeholder management and communication skills, including an aptitude for building relationships and interacting effectively at all levels.
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
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.
Great news! We will let you know when a new job like this has been added!
Our businesses
There’s so much more to us than meets the eye. We’re insurers, investors, builders, city-regenerators and green technology champions. And whatever the future holds, our people’s knowledge, skill and passion will mean we’re placed to make a real difference to society.
Read MoreWorking for us
Here, your actions and ideas come to life in exciting and meaningful ways. Ours is a story of evolution, a journey we can go on together. Ours is a culture of trust and collaboration, genuinely caring about society and one another. At Legal & General, your story will be anything but familiar.
Read MoreSimilar roles
Salary
Location
London
Business Unit
Legal & General Group IT & Digital
Job Family
IT & Change
Location
London
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Permanent
Description
We have an exciting new opportunity for a Mobile App Engineer to join our growing engineering team. The role holder will use their software engineering skills and experience to build features, solve
Reference
7ffa7daf-be65-4dff-8b03-88a96376560e
Expiry Date
01/01/0001
Salary
Location
London
Business Unit
Legal & General Investment Management
Job Family
Compliance
Location
London
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Fixed Term Contract
Description
We’re recruiting for a Compliance Data Analyst to join us on a 12 month FTC. We’re offering a competitive base salary and good benefits package.What you'll be doing:Running analysis on all trade data
Reference
4c86a559-09c1-48b1-af21-a84b29071293
Expiry Date
01/01/0001
Salary
Location
Hamilton
Business Unit
Legal & General Group Functions
Job Family
Actuary
Location
Hamilton
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Permanent
Description
We’re recruiting for a Senior Investment Analyst to join us in our Bermuda Office. The Senior Investment Analyst will primarily assist with portfolio construction and risk pricing to support our growi
Reference
ae7e2ccb-d7ba-494e-af51-b72a86300dc4
Expiry Date
01/01/0001
Our latest posts
Teaser
Technology, Digital & DataContent Type
BlogPublish date
05/07/2024
Summary
Data breaches cost businesses an average of $4.35 million in 2022 globally and such breaches have continued to become one of the biggest cyber security threats. In the ever-evolving digital landsc
Teaser
Customer Service & SalesContent Type
BlogPublish date
05/07/2024
Summary
In the dynamic realm of customer service, the difference between good and great can be significant. 82.5% of customers whose overall satisfaction with an organisation is 9 or 10 out of 10, also
Teaser
InvestmentsContent Type
BlogPublish date
04/25/2024
Summary
At Legal & General we’re committed to creating an inclusive workplace, one that helps us to better represent the customers and clients we serve. That’s why we partner with a range of organisatio
Teaser
Finance & ActuaryContent Type
BlogPublish date
04/08/2024
Summary
Shifting gears in your career isn't just about making a decision; it's a chance to chart a new course, unlock new challenges and make a real impact. If you’ve got your sights set on the UK, you
Teaser
Technology, Digital & DataContent Type
BlogPublish date
04/05/2024
Summary
Legal & General is commited to building an even more diverse, inclusive workplace – one where everyone thrives. Our second Britain’s Most Admired Company win is a recent recognition of this, wit
Teaser
InvestmentsContent Type
BlogPublish date
04/03/2024
Summary
If you're familiar with Legal & General Investment Management, you know that our mission is to create a better future through responsible investing. LGIM is our global asset management business,
Teaser
Future TalentContent Type
BlogPublish date
02/08/2024
Summary
Are you weighing up the option of apprenticeship versus university? You’re not alone. Dan Molloy was in this exact position. He knew he wanted a qualification, but he was stuck wondering which r
Teaser
Future TalentContent Type
BlogPublish date
02/08/2024
Summary
Legal & General runs apprentice programmes to kick-start careers in Data, Technology, Accounting, Customer Service, Project Management, Business Analysis and Financial Crime. From school or coll
Teaser
Future TalentContent Type
BlogPublish date
02/08/2024
Summary
Legal & General runs apprentice programmes across London, Cardiff and Hove, welcoming talent to an enterprise-wide community which shares ideas and learning in a supportive environment. The prog
Teaser
Future TalentContent Type
BlogPublish date
08/25/2023
Summary
Tim started his apprenticeship with us five years ago. He had never imagined himself working at a company like Legal & General – but was open to a different experience from his family and took t