Financial Management Actuary
- Contract Type
- Full Time
- Role Type
- £60,000 to £75,000
- Closing Date
- Company Info
Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.
- Department Info
With around one million customers, our retail business helps turn customers’ pension savings into lifelong retirement income and our corporate business looks after our defined benefit pension schemes ensuring they are effectively managed to protect against risk and achieve their maximum potential.
- Job Duties
The purpose of the LGRR Financial Management team is to provide a clear link between the LGRR business and finance to ensuring that the financial implications of business and strategic decisions are fully assessed and understood.
Establish business partnering relationships between Finance and the LGRR business units to ensure that the financial implications of strategic decisions are fully assessed and understood.
Provide high quality financial analysis to support decision-making across a range of strategic opportunities.
Support the financial planning for the LGRR Division ensuring that financial results are optimised, predictable and well understood.
Proactive engagement with the LGRR new business teams, LGRI Finance team, CRO team and Group Finance on all matters relating to financial management.
Establish a relationship with the UK/International/Investment/LGHF teams to facilitate creative thinking and joined up development of strategic options and balance sheet solutions
Work with the UK/International/[Investment]/LGHF teams to identify opportunities to maximise returns on the current business portfolio.
Finance business partners work closely to support and challenge the UK/International/Investment/LGHF teams and seek to find innovative solutions to problems that may arise
Strategy, Financial Planning and Management
Support the LGRR Finance Director and the LGRR Strategy and Commercial Director in developing the strategic implementation plan that builds value over and above the sum of the Business Unit parts.
Support the LGRR Division’s M&A strategy and ensure it fits with the broader Group Strategic intent. Support and identify relevant business development and M&A opportunities.
Support on the financial assessment of acquisition and other commercial opportunities for the LGRR division by carrying out financial due diligence and analysing and optimising the impact on reported results.
Support the delivery of LGRR’s financial and capital forecasts for the 5 year strategic plan and detailed financial plan.
Support the delivery of the financial management information and scenario analysis capability to assist the LGRR Division in the management of its business performance.
Maintain an understanding of threats and opportunities to the LGRR financial results and develop a series of “levers” that can be used to manage the stability and predictability of these results.
Support in communicating financial results and forecasts to the Management Teams within the LGRR Division and to Group functions.
Identify and develop new and innovative methods for communicating the LGRR Division’s financial performance to internal and external stakeholders.
Market and Competitor Analysis
Maintain a knowledge and understanding of developments in existing/target markets and current/potential competitors. Apply this knowledge to challenge business models and strategies of LGRR businesses.
Create a network of contacts and sources of information and analysis for the Division that is shared with the Division’s Senior Management.
Perform continuous assessment and commentary of the financial management and performance or LGRR’s current and future competitors. Channel this insight into the decision-making across the LGRR division to improve its competitive standing.
Customer Relationship and Information Management.
Own and optimise relationships across the LGRR business division and the wider Group.
Ensure needs and expectations of customers are met and by continually developing and maintaining proactive engagement with respect to financial performance and results.
- Skills Required
Typically at Manager level the jobholder will have knowledge of the following:
Reporting metrics: SII, IFRS, Economic Capital
The UK Life Industry and retirement products in particular
Risk and regulatory requirements
Typically the jobholder will be a qualified actuary with 1 to 3 years post qualification experience.
Specific experience and skills
Experience of UK life insurance products, in particular in managing investment and longevity risk
UK Financial Reporting experience.
Ability to build relationships and interact effectively at all levels.
Good people 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, 25 days' holiday (plus one day after two years), 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, your hard work will be rewarded when you join us.
Our view is that this role is suitable for agile working. This means we would consider a more flexible working arrangement, where your hours and work location are managed according to business, customer and personal needs. For this role, you would be based in our London Office, but you could work in other Legal and General offices or at home, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.
For any queries please contact email@example.com. Please note applications can only be made online via the portal.