Finance Business Partner

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VN-21768

Fixed Term Contract (inc Secondee)

London

Competitive salary plus 12% car allowance for qualified actuaries

16 February 2022

We are recruiting for a talented finance professional to join us as Finance Business Partner in LGRI's Finance team.

This is a key role within our business, which will entail establishing business partnering relationships between Finance and the Retirement business units to ensure that the financial implications of strategic decisions are fully assessed and understood, and providing high quality financial analysis to support decision-making across a range of strategic opportunities.

In this role, you will further support the financial planning and forecasting for the Division ensuring that financial results are optimised, predictable and well understood.

You will proactively engage with the LGRI new business teams, CRO team and Group Finance on all matters relating to financial management.

This role is for a 12 month fixed term contract, though there may be possibility for this to become a permanent role.

  1. Support the delivery of LGRI’s financial and capital forecasts for the year and detailed five year strategic plan.
  2. Support the delivery of the financial management information and scenario analysis capability to assist the LGRI Division in the management of its business performance.
  3. Maintain an in depth understanding of threats and opportunities to the LGRI financial results and apply commercial and technical knowledge to develop a series of “levers” that can be used to manage the stability and predictability of these results.
  4. Work with the UK/International Origination and Investment teams to develop strategic options and identify opportunities to maximise returns on the current business portfolio.
  5. Take the lead in communicating financial results and forecasts to the Management Teams within the Division and to Group functions.
  6. Identify and develop new and innovative methods for communicating the LGRI Division’s financial performance to internal and external stakeholders. 
  7. Support the financial assessment of acquisition and other commercial opportunities for the LGRI division by carrying out financial due diligence and analysing and optimising the impact on reported results.
  8. Support the IFRS 17 programme, working with the project team to ensure readiness for the Business Partnering team ahead of transition.

Qualifications:

Typically, you will hold a relevant professional qualification: ideally you will be a qualified actuary, or you may be an accountant with experience within a life insurance company.  

Knowledge:

You will have knowledge of the following:

  • Reporting metrics: SII, IFRS, Economic Capital
  • Extensive experience of UK life insurance products, in managing investment and longevity risk
  • Risk and regulatory requirements
  • Strong Excel and modelling skills. Knowledge of other modelling or business intelligence tools an advantage (e.g. Anaplan, Power BI, Tableau)

Experience:

  • Ability to work independently and exercise judgement in order to navigate through unfamiliar territories and propose solutions.
  • Ability to build robust modelling tools.
  • Ability to build relationships and interact effectively at all levels.
  • Solid commercial understanding of the UK Life & Pensions industry (retirement product experience would be beneficial) ideally gained in a similar business partnering or commercial finance role.
  • Good stakeholder management, communications and interpersonal skills are essential.
  • Ability to manage and develop client/customer relationships and provide excellent customer service.

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. 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.

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.