Lead the relationship with the Finance Directors of the business units and Group teams.

Stakeholder management

Lead the relationship with the Finance Directors of the business units and Group teams. Ensure deliveries meet the reporting timescales and ad hoc exercises or requests are delivered on a timely basis. Prioritise tasks and agree delivery dates with Group and the financial reporting teams. Ensure key changes in reporting timescales and processes are bought into and agreed through the correct approval process and delivered to their expectations and to ensure the core production processes are being completed by the appropriate teams.

Process Improvement

Continuously review processes and capabilities, identifying opportunities and acting on them to strengthen the production environment, processes and systems. To move repeatable, non-judgement process to the Production Centre and provide strong controls and checks when transferred. Maintain a relationship with the Production Centre so that processes are still well understood by the reporting team. Actively encourage a positive environment within the team, where all members of the team seek to continually identify and deliver improvements.

Strategic Planning

Lead 5 year strategic planning process for the business and ensure the development of an enhanced scenario analysis capability to support the long term management of its business performance. This will be across all metrics including IFRS, Peak 1, New Business Value Add (NBVA), EV (Embedded Value), Economic Capital (EC).

Delivery management

Lead the financial reporting processes across all metrics (IFRS / EC/ Peak 1 / SII) to ensure robustness and timeliness of all deliveries, including forecasting, projections and all required commentary. Lead the reporting team through all planning phases, influencing the planning of the team’s reporting activities. Contribute to the wider reporting centre’s planning and resource allocation.

Financial management.

Lead the team to deliver a predictable financial result across an agreed range of financial metrics (e.g. IFRS operating profit, Net Cash, New Business strain). Highlight opportunities to maximise performance across the agreed range of financial metrics and challenge business plans and initiatives to ensure plans deliver the anticipated business benefits. Monitor progress of the agreed plans and provide corrective measures where necessary.

Customer relationship management

Lead the team to present and disseminate results to the external and internal customer, incorporating supporting analysis and commentary for all reporting metrics.  Lead ongoing liaison by continually developing and maintaining proactive engagement to ensure the delivery of financial results and analysis continues to meet needs and quality expectations. Understand and communicate financial results effectively. Lead the team to widen their knowledge and understanding of the financial results. Effectively communicate complex actuarial methodologies and assumptions to other areas of the business. Provide expert analysis to the risk functions to enable effective and efficient consolidation of results.

Change

Lead the change requirements and ensure all changes in legislation and regulatory changes are understood, planned and implemented appropriately.

People management

To take the lead in all matters with regard to the management of employees, ensuring that management discretion is used in a consistent manner and that the area follows the Group’s policies and procedures including the Partnership Agreement to maximise business performance

A qualified Actuary with significant post qualification experience within a Life company.  

Typically at Senior Manager level the jobholder will have expert knowledge of the following:

• Extensive UK Financial Reporting experience or an actuarial role where managed in a results and change environment
• Reporting metric EV and Peak 1
• The products L&G has sold and is selling
• Financial services environment relevant to team metric

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 30 days' holiday, private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme, your hard work will be rewarded when you join us.