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.
We welcome candidates returning from a career break to apply for this role. Successful returner candidates will join the L&G Returner Programme and will be provided with transition support including a mentor, buddy and Career Returner Coaching Programme delivered by Career Returners.
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 group and major global investor, 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 aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.
If you join us, you’ll be part of a welcoming 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.
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!
VideoUrl
https://youtu.be/8ZYGBwImH08
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
CARDIFF
Business Unit
Legal & General Group Functions
Job Family
Finance
Location
Cardiff
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Permanent
Description
We are seeking a Finance Analyst to help manage expenses and allocated costs (actuals, planned, and forecasted) through the expense allocation model, as well as to offer management information and sup
Reference
51ec8ed9-7ca5-4074-be41-8cca858b5127
Expiry Date
01/01/0001
Salary
Location
London
Business Unit
Legal & General Investment Management
Job Family
Marketing LGIM
Location
London
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Permanent
Description
We’re recruiting for a DC Content Manager to join us. You will plan and create content across a variety of media aimed at supporting LGIM’s defined contribution business.What you'll be doing:Generatin
Reference
0c08cc76-bdeb-45e5-b4f9-453d2e2d4467
Expiry Date
01/01/0001
Salary
Location
Hove
Business Unit
Legal & General Retail
Job Family
Product
Location
Hove
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Permanent
Description
We’re recruiting for a Customer Communications Executive to join us. You will help to write and deliver market leading Insurance Customer Communications supporting operational processes (e.g. End of T
Reference
9919acf4-dab3-414d-856b-049d93f6f6c4
Expiry Date
01/01/0001
Our latest posts
![A woman with red hair and a floral top on a laptop in a colourful office](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/ENOdg-sZWUqerQjcoAJNhA/75/L%26GCardiffPeople312+(1).jpg)
Teaser
Technology, Digital & DataContent Type
BlogPublish date
07/12/2024
Summary
We all live in a data-driven world, where businesses generate approximately 328.77 million terabytes of data every day. This is a huge amount of data that can be really overwhelming for any busi
![Photo of a headshot of Bindu, a women in a black and white outfit smiling in a garden](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/RBwNvKGJQE612Qjcn_1j1w/75/Bindu+Bakrania+2.jpg)
Teaser
Technology, Digital & DataContent Type
BlogPublish date
07/10/2024
Summary
At Legal & General, we like to share our employees' stories and celebrate their success. Bindu Bakrania has been with us since April 2023 and has achieved immense growth in her career in data analy
![Photo of Gemma, in the woods, holding her pet dog and smiling while taking a selfie.](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/qjCSo-k2xkeWCQjclb9VAw/75/Gemma+02.jpg)
Teaser
Our peopleContent Type
BlogPublish date
06/27/2024
Summary
At Legal and General, we see the potential in you. If you do not have a strong background in financial services and have worked as an Analyst in other industries, for example, those skills are tra
![Two women at a desk on a laptop in a work meeting in the office with a big screen behind them.](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/wYUiv_V5ukyTYgjcj0fu9w/75/L%26GHove29.jpg)
Teaser
Finance & ActuaryContent Type
BlogPublish date
06/19/2024
Summary
In the current quickly evolving digital terrain, the integration of artificial intelligence (AI) and advanced technologies into various industries is reshaping many traditional roles. Actuarial scie
![Female data engineer working on her laptop at a desk in a modern office](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/aeKLf9HSvUj3ygjchwD8xw/75/Data+engineer.jpg)
Teaser
Technology, Digital & DataContent Type
BlogPublish date
06/11/2024
Summary
At Legal & General, we’re committed to creating an environment where people can thrive in their careers. We understand the important role that Data Engineers play in our mission to build a more sustai
![](/Blob/images/user_no_image.jpg)
by
Enrique Rodriguez
![Picture of a female Risk Manager at her desk with a laptop in an office](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/RKOcmOHwi0NyOAjcfzL3YQ/75/L%26GHove94%5B1%5D.jpg)
Teaser
Our peopleContent Type
BlogPublish date
05/30/2024
Summary
Risk Management a { text-decoration: underline; } According to a recent report by the International Risk Management Institute, the demand for skilled Risk Managers is growing. As a
![man sat at a laptop with a headset on](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/kJyJGGRV40dnXgjcc-5d2w/75/Cybersecurity+Blog+Format.jpg)
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
![man in headset at a computer smiling at his colleague](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/Sjo4m7yy3Uy0fwjcc-rdvg/75/CS+Blog+format.jpg)
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
![group of women sitting in a line with a keynote speaker stood in front](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/_dJqNHXS90D9GwjcZIHSYQ/75/LAG_2989+-+Jacquline.jpg)
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
![two people in suits sat at a desk pointing at print outs of graphs](https://attraxcdnprod1-freshed3dgayb7c3.z01.azurefd.net/1481179/31f2ded7-d4d4-437f-850d-2b77e708dc60/2023.17000.2402/img/xvW3D7a3TkGv8wjcTxCcvg/75/shutterstock_2164152761.jpg)
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