Business Solutions Manager

We’re sorry. We’re no longer accepting applications for this role.

Search and apply for similar opportunities or register your interest to receive alerts of the latest suitable jobs as they become available. 

VN-20197

Permanent

London

Competitive

3 September 2021

Back to search

We are recruiting a Business Solutions Manager to work as an active and productive member of the Legal & General Retirement (LGR) team, supporting the achievement of the business’s targets, by leading the analysis of the financial impact of reinsurance structures on the existing annuity book and new business pricing, feeding in to the design and presentation of reinsurance solutions and supporting governance processes. The roleholder will also drive various projects initiated by the team.

  • Support the Business Solution Directors in the execution, governance and analysis of L&G’s reinsurance contracts by leading the work on providing material for governance papers, working with the reinsurer to obtain pricing, assessing the pricing, and calculating the IFRS and Solvency financial impacts and take ownership of the documentation.
  • Support the development and provide analysis of structural solutions to help manage L&G’s risk and capital position.
  • Support the development of new reinsurance structures, collateral arrangements, security agreements, within LGR by providing ideas tailored to the desired outcome and leading the creation of any new models required to accurately assess their impact on IFRS and Solvency II metrics.
  • Supporting the Directors in ensuring that new reinsurance transactions are effectively handed over to the PRT Business Services team upon completion.
  • To work as part of the LGR team to support it to achieve its targets in terms of capital usage, premium volume and margin by providing quantitative and qualitative analysis on initiatives feeding into structural development and approval process.
  • To support the development and implementation of strategies for LGR by providing quantitative and qualitative analysis on initiatives feeding into structural development and approval process and leading workstreams as part of this work.
  • Establish and maintain contacts within LGR to ensure that all relevant stakeholders can be efficiently engaged with during new proposals.
  • Work within the appropriate process, systems and controls and ensure that risks and issues are identified and escalated within LGR, to ensure that customers are treated fairly in line with Legal & General’s Treating Customers Fairly (TCF) policy.

Qualifications:

  • The role holder can be qualified actuary, but not a necessity.

Knowledge:

  • In depth knowledge of the annuity insurance and reinsurance business and how it interrelates with the rest of the Group.
  • Good understanding of capital modelling under Solvency II.
  • Knowledge of pension regulation and its application to pension buyouts and longevity insurance.
  • Basic Knowledge of the relevant statutory and regulatory regime applicable to the Group’s businesses and its corporate governance.

Experience:

  • Experience pricing new schemes and understanding the reinsurance overlay in a PRT pricing team.
  • Experience of Business and/or capital planning, understanding trade-offs between different metrics.

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, private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme (if you are a qualified actuary). Your hard work will be rewarded when you join us.

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders.  We are a market-leading and multi-award winning business.  

We work with companies and pension scheme trustees  to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we:

  • help companies to settle their pension liabilities and focus on growing their businesses
  • help to support individuals' financial security in retirement
  • invest for the long term to back our pension promises.

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

If you’d like more information about this opportunity please contact Helen Kinloch at helen.kinloch@landg.com (LinkedIn profile https://www.linkedin.com/in/helenkinloch/). Please note direct applications via email cannot be accepted for this role; only applications submitted through our careers website will be considered.

Back to search

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders.  We are a market-leading and multi-award winning business.  

We work with companies and pension scheme trustees  to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we:

  • help companies to settle their pension liabilities and focus on growing their businesses
  • help to support individuals' financial security in retirement
  • invest for the long term to back our pension promises.

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

If you’d like more information about this opportunity please contact Helen Kinloch at helen.kinloch@landg.com (LinkedIn profile https://www.linkedin.com/in/helenkinloch/). Please note direct applications via email cannot be accepted for this role; only applications submitted through our careers website will be considered.