Company Description
Legal & General is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.
Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.
Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.
Job Description
We’re currently looking to hire a Finance Manager – PMC Pooled Operations to join Legal and General Finance function
As Finance Manager you’ll be responsible for managing a team of finance professionals undertaking Finance-related processes for the PMC pooled client base, including revenue management, billing and cash management
The role holder is responsible for overseeing processes, ensuring that they are completed effectively and on time and that work is prioritised across the team to respond to peaks and troughs in workflows
What you'll be doing:
- Maintaining and developing controls and processes to ensure that PMC pooled revenue management activities continue to be undertaken accurately, promptly and with an appropriate level of financial control in place
- Overseeing the production and review of client invoices (c. 4,500 per quarter), ensuring that a robust control framework is maintained to support the preparation of accurate calculations in line with contractual terms. This will include regular liaison with Client Relationship Teams and Client Relationship Managers to ensure any changes to client terms are implemented in a timely and efficient manner
- Overseeing the activities of the PMC Cash team, ensuring that transactions are processed accurately and with appropriate controls in place
- Ensuring that all PMC’s daily and weekly dealing accounts are reconciled consistently (balances up to c. £1bn each day), with any reconciliation breaks being fully investigated and understood
- Managing workflows across the team and direct resources as necessary to respond to peaks and troughs in demand, ensuring that all activities are completed in line with deadlines (e.g. month-end deadlines for revenue accruals, daily deadlines for cash management funding decisions)
- Continually develop processes across the team, ensuring that automation opportunities are identified and implemented in a controlled manner. Identify innovative solutions to increase automation and improve efficiency allowing cost efficiency benefits to be realised
- Supporting the Senior Finance Manager with any new responsibilities that may emerge and any ad hoc analysis and “deep dives” that are required relating to the PMC pooled activities within the team
- Ensuring ongoing training is provided to all relevant staff to enable administration processes to be followed effectively and efficiently, so that clients are treated fairly
- Managing the team in accordance with the Company’s policies and procedures, including the Partnership Agreement, so that the team’s business objectives are achieved consistently
Qualifications
Who we're looking for:
- You’ll be a Qualified accountant with good strong experience managing a team (essential)
- Regulatory Environment - Understanding of EU, UK and other regulations impacting LGIM’s product set and business
- Understanding of investment management products - Understanding of the investment management product set, including awareness of product features, characteristics, purpose and profit dynamics
- Financial accounting and control - Understanding and application of relevant accounting standards and best practice around financial control. Awareness of key tax legislation.
- Management accounting - Understanding of investment appraisal techniques, e.g. DCF, NPV, IRR.
- Excel - Ability to use Excel to analyse financial information
- Leadership - Prioritisation, planning and organising multi-task/multi-person assignments. Recognising and developing talent. Assessing and communicating organisational goals and objectives. Ability to motivate others. Effective delegation.
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)
- 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
Additional Information
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.
