Actuarial Finance Business Partner – Retail Annuities - 12 Month FTC

Life can sometimes be unpredictable, and it pays to plan ahead. Our aim at Legal & General Retail is to help our customers plan for the unexpected, achieve financial security for their tomorrow, and protect everything that’s important to them. To better understand our customers and meet their needs, we’ve brought our protection, retirement income, savings, lending, and advice, fintech and mortgage businesses under one umbrella. Created at the start of 2022 through the merging of our long-standing and trusted retail retirement and insurance businesses, we’re a fast-growing division with big, customer-centred ambitions. 

We’re recruiting for a  Finance Business Partner to join the Retail Division on a 12 Month Fixed Term Contract. We’re offering you the opportunity to support the Retail Annuities Finance team in driving the profitability of the Retail Annuities business across the full range of financial metrics, all aspects of financial planning, financial management, financial control and supporting the business in making commercial decisions.

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:

• Supporting the Head of Retail Annuities and the Senior Finance Business Partner in understanding the key drivers of financial performance and working with the Retail Annuities business to leverage financial insights and promote appropriate management actions.
• Establishing and maintaining strong cross functional working relationships with key stakeholders across Retail Annuities, L&G Retail and the wider Group and utilising the knowledge gained to support strategic/commercial decisions and assess the financial implications. You will also work closely with the LGRI Business Partnering team to ensure consistency of financial metrics between Retail Annuities and LGRI where appropriate.
• Supporting the development of the financial plan for the Retail Annuity business across all financial metrics (including IFRS, New Business and In-force Value, Solvency II, cash, expenses, sales).
• Supporting the Head of Retail Annuities and Senior Finance Business Partner in understanding the financial reporting for the Retail Annuity business across all financial metrics with a key focus on IFRS 17 and Solvency II.
• Remaining abreast of regulations, accounting standards and Group requirements impacting Retail Annuities, including assessing financial impacts of changes and ensuring appropriate action is taken to manage financial outcomes.
• Ensure all analysis, decisions made and activity undertaken in fulfilling of this role consider the fair treatment of our customers (TCF).

Who we're looking for:

• A Qualified Actuary, ideally with some post-qualification experience
• An understanding of the drivers of IFRS and SII results as well as internal KPIs
• An understanding of the Retail Annuities market, including products, distribution, operations and competitive environment.
• An understanding of L&G’s financial processes/systems and organisational structure and governance frameworks.
• An understanding of L&G's risk management philosophy and how to support in delivery and monitoring of the risk control environment.
• An understanding of L&G's monthly/quarterly/annual planning and forecasting cycle
• A motivated self-starter who is continuously looking for opportunities to improve insight, make processes more effective and enhance value creation.
• The ability to influence a wide range of stakeholders.
• A confident communicator with the ability to concisely convey messages in written or verbal format and to adapt communication style as appropriate for the audience.
• The ability to manage and prioritise deliverables and facilitate the transition of change into operational processes.

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: 

• Generous pension contribution  
• Life assurance   
• 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.