Head of New Business Reporting

Company Description Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer. Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Who we are Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated 86.1 billion at 31 December 2023. Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

Job Description We’re looking for a Qualified Actuary to join our Institutional Retirement business as Head of New Business Reporting.
In this role you will gain strong visibility across Institutional Retirement, as well as the wider Group and will have responsibility for leading a team of four, the end-to-end ownership of new business reporting processes and responsibility to provide robust oversight of both new business and wider reporting outputs across IFRS and Solvency UK / Solvency II.
You will also work closely with our Planning & Analysis, Finance Central Services and PRT teams to provide an additional and necessary review layer for wider reporting outputs.

This is a hybrid working opportunity that means you can split your working week between your home and the office, to find a work-life balance that works for you.

What you'll be doing:

Leading the delivery of new business reporting metrics across IFRS and Solvency UK / Solvency II Managing, coaching and developing a team of talented actuarial analysts

Reviewing and challenging reporting outputs produced by Finance Central Services for Institutional Retirement Ensuring that reporting results, assumptions, policy data and methodology are accurate, controlled and well understood

Building strong relationships with PRT Pricing, PRT Client Services, Planning & Analysis, Technical Accounting, Auditors and wider Finance teams

Explaining reporting results, movements and key messages clearly to senior stakeholders

Driving improvements across reporting processes, systems, controls and documentation

Supporting change activity across reporting methodology, processes and systems

Who we're looking for:

Qualified Life Actuary (FIA / FFA, or equivalent)
Strong life insurance reporting experience, ideally across IFRS / IFRS 17 and Solvency UK / Solvency II metrics

Good knowledge of bulk annuities, individual annuities, PRT or similar retirement products

Experience reviewing actuarial or finance reporting outputs and assessing results for reasonableness

Experience managing or developing actuarial, finance or reporting teams

Strong stakeholder management skills, with the confidence and gravitas to explain technical results clearlyA continuous improvement mindset, with experience improving reporting processes or controls

Sound understanding of risk, governance and regulatory requirements in a UK financial services environment

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

The opportunity to participate in our annual, performance
-related bonus plan and valuable share schemes

Generous pension contribution

Life assurance

Healthcare Plan 30 days holiday, plus public holidays

Competitive family…