Retail Portfolio Financial Analyst

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, including Lifetime Mortgages, Retirement Interest Only Mortgages and financial advice on our range of lending products.

We are the UK’s number one individual life insurer, 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. 

Recruiter: Craig Cooper- craig.cooper1@landg.com Internal Closing Date: 5/7/24

We’re recruiting for a Retail Portfolio Financial Analyst to join our Retail function in Hove or London.

The role encompasses all accounting and financial planning activities within the Retail Change Portfolios. It involves analyzing financial data, ensuring the effective operation of financial controls, and preparing reports. Additionally, it provides forward-looking, accurate information for executive decision-making and works collaboratively with project and scrum teams to oversee finances and enhance financial management maturity.

What you'll be doing:

• Responsible for the Retail Change Portfolio expenses and day rate management, including month end processing of fixed assets, VAT, journals, prepayments and accruals ensuring compliance with Group Accounting Policies to produce accurate and reliable financial records
• Track and report the monthly expenditures for Cash, Profit & Loss, Exceptional items, Business Cases, and Day Rate Targets. Identify any deviations from the Targets and suggest appropriate corrective actions.
• Ensure accuracy and integrity of the monthly Retail Portfolio Financials, with an appropriate level of forecasting of costs to produce accurate forward messaging with options for effective Executive reprioritisation.
• Manage the Change Portfolio Expense and Day Rates in Retail through monthly, quarterly, and annual planning cycles, and suggest options to meet targets. 
• Define and produce analysis to demonstrate how we are tracking to the overall expense and day rate targets, highlighting where and why spend is not tracking to expectations or is not in line with business case / overall targets to assist managers and Executive members understand financial perspectives, enabling a proactive and innovative role in achieving the financial expense targets.
• When working closely with cross-functional teams, it's crucial to collaborate and adapt, ensuring transparency and shared accountability. Be prepared to quickly adjust to changing circumstances and update financial plans as necessary.
• Ensure monthly financial data is timely, accurate and complete, audit trails are available and maintained, and financial accounting complies with financial standard and L&G policies.

Who we're looking for:

• Trainee Accountant or Time Qualified Accountant
• Financial Services background, specifically in Life and Pensions insurance. 
• Project costing, allocation, and cross-charging methodologies.
• Accounting and Forecasting, using Anaplan, Oracle Financials(GFAS), Excel, PowerBi, Keyedin, JIRA.
• Accounting and forecasting of expenses, balance sheet reconciliations and implementing controls.
• Communicating with and influencing executives to ensure decision making is rationale and supported by data analysis.

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

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.