To manage and deliver an effective, efficient and accurate investment reporting and ALM service for LGR Finance. 

Purpose

To manage and deliver an effective, efficient and accurate investment reporting and ALM service for LGR Finance.  Understand and communicate the dynamic behaviour of our c£60bn asset and liability portfolio and help to maintain our controlled matching position and investment variances. Take responsibility for the provision of investment reporting and ALM metrics, supporting analysis and commentary on a timely basis and to the appropriate level of quality.  Ensure that appropriate controls are in place to ensure sound actuarial management and control of risks.  Work with other areas to develop the division’s ALM reporting framework. Disseminate investment reporting and ALM information in an effective and informative manner, ensuring its presentation and analysis meet the wide background and experience of the customer base.

Principal accountabilities

Financial metrics delivery:  Provide timely and accurate delivery and commentary of investment related metrics including, but not limited to, interest rate exposure, inflation exposure and FX exposure on an IFRS, best estimate and Solvency II basis, and for Matching Adjustment portfolios. Provide analysis and commentary on the investment variance and ALM positions on all metrics. Provide commentary on movement in asset liability matching for ALCO (Asset Liability Committee)

Stakeholder relationship management: Build and maintain effective relationships with stakeholders including, but not limited to, LGR Finance, LGR Investments, Asset Risk and Data Team, LGIM, ALCO and auditors.  Present and disseminate investment reporting results, incorporating specialist supporting analysis and commentary for reporting metrics. Manage ongoing liaison by continually developing & maintaining proactive engagement to ensure deliveries continue to meet needs and the quality expected.

Management and Planning:  Work with the LGR Managers to effectively prioritise and schedule the investment reporting activities and allocate resources to meet customer’s needs.

People Management Partnership: Manage, motivate and develop employees at all levels, in a manner that is consistent with the Company’s policies and procedures including the Partnership Agreement, to maximize the performance of the area.

Training/mentoring: Provide training, mentoring and guidance to team members so that they have the specialist actuarial and investment knowledge, skills and attitude to maximise the performance of the team and deliver and effective investment reporting service for LGR Finance.

Process management and improvement: Develop, implement and maintain investment reporting systems, processes and methodologies, ensuring that they are robust and that risks are assessed and appropriately controlled.  Provide input to the strategic direction for the team’s investment reporting systems, processes and methodologies and take responsibility for reviewing process flows and wastage with the team to identify opportunities for improvement in efficiency and effectiveness.

Change management: Take responsibility for change initiatives, working with the LGR Reporting Change Manager to prioritise and implement system, process and methodology changes as required for the ongoing production of the investment reporting and ALM results.

Treating Customers Fairly (TCF): Ensure that the appropriate process, systems and controls are in place, and that the risks and issues are identified and escalated within LGR, to ensure that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policy. Work with Managers and the Director to ensure that the appropriate internal and external metrics and Finance MI are in place to provide support to the LGR Business so that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policy.

Qualifications, knowledge and skills

Qualifications

Typically the jobholder will be a qualified actuary with experience in life insurance and investments. This is not essential and other investment backgrounds will be considered.

Knowledge

Typically the jobholder will have a good understanding of the following:

Asset modelling

Investment markets

Reporting metrics: IFRS, EV, EC, Solvency II and Matching Adjustment

Bulk and individual annuity products

UK finance sector

Risk and regulatory requirements

Specific experience and skills:

Typically the jobholder will have UK Investment Reporting experience

Analytical skills with the ability to review results for reasonableness

People management, stakeholder management and mentoring experience

Good communication and interpersonal skills

Experience in reviewing processes and implementing improvements

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, 27 days' holiday, an annual supplement for private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.