Commercial Finance and Distribution Manager

Legal & General supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses. Our Retail division helps people enjoy a more colourful retirement, both directly and through their employers.

We are one of the UK’s largest life insurers, and also provide Group Protection products for employers – all helping people to plan for the unexpected. We support home buying through our Mortgage Club – the UK’s largest – and our award-winning Surveying Services team. And our fintech team finds and supports socially useful start-ups and scale-ups working in the workplace, home, insurance and wealth areas.

Joining us means helping create brighter financial futures for all our customers.

We have an exciting opportunity for someone to join our Retail Protection business as a Commercial Finance Manager, with a specific focus around Distribution activities.

This role involves managing distributor propositions, evaluating terms and agreements, and supporting the tender process for new business and re-negotiations. You will play a key role in ensuring the success of our Retail Protection offering and achieving our business targets.

This a hybrid working opportunity, which means that you can work flexibly between our Hove Office and your home, to find a work-life balance that works for you.

What you'll be doing:

• Developing the assessment and approval process for setting commercial terms for new and existing distribution deals.
• Documenting, developing and reviewing processes to ensure strong governance over relationships with distribution partners
• Contributing to committees by providing financial and commercial insights and developing relationships with key stakeholders
• Supporting the Senior Commercial Manager and the business with activities to improve efficiency, reduce cost and improve performance
• Supporting other teams on distribution agreements, providing advice on the commercial aspects of agreements
• Supporting the wider Commercial Operations process with pricing, commission changes, master set up, hierarchies, etc.
• Calculating expected returns on deals using insights on partner performance and market factors
• Ensuring consumer duty is considered and embedded in all work undertaken

Who we're looking for:

• A highly numerate individual with a good understanding of financial analysis techniques.
• Proficient in Microsoft Excel, with experience using advanced functions such as V Lookups and Pivot Tables
• A strong communicator, who can build effective working relationships with key stakeholders and influence commercial outcomes
• A creative thinker who can solve complex problems and suggest alternative solutions
• Knowledge of relevant Regulatory Frameworks or a willingness to learn about them
• Previous Commercial Management experience, ideally in a sales environment, is beneficial but not essential
• Experience in a commercial function within a financial services environment is beneficial but not essential

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
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. 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

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

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 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.