Senior Expense Accountant- 12 Month FTC

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. 

We’re recruiting for a Senior Expense Accountant to join us.

You will support delivery of Retail Marketing and RP UK Direct financial targets by providing proactive financial and management accounting services and delivering sound and effective operational finance management.

What you'll be doing:

• Maximise the use of systems in data management to produce accurate monthly expense reports, commercially relevant commentaries, and management information packs on business expenses for senior management meetings
• Monitor and report monthly spend in relation to LG Retail Marketing including processing relevant accruals to cost centres. Highlight where and why spend is not tracking to expectations or is not in line with business case / overall Retail targets
• Manage the quarterly expense forecast and annual planning cycle, liaising with both senior management and cost centre managers for the Retail Marketing and Direct area
• Maintain allocation rules for divisional and lower product/channel P&L’s. Consistently review them for appropriateness and accuracy. Highlight the impact on unit costs (new business and existing business) of any proposed changes.
• Ensure that the appropriate process, systems, and controls are in place, and that the risks and issues are identified and escalated within LG Retail, to ensure that customers are treated fairly in line with the Consumer duty policy

Who we're looking for:

• Good knowledge of the Financial Services industry and the performance metrics used within the industry.
• Understanding of cost allocation and profit measurement (Value Added Management), planning, and forecasting cycle, financial approval procedures/processes and monthly expenditure reporting and analysis processes, and alternative cross-charging methodologies and behavioural implications
• Advanced knowledge in the use of spreadsheets, databases, and analysis tools
• Ability to design, develop and maintain complex financial models
• Excellent communication skills and the ability to explain financial items in commercial terms, to create clear and concise reports (excel and PowerPoint) and to challenge peers and Directors

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.