Senior Finance Business Partner - PRT Investments

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.

We’re recruiting for a Senior Finance Business Partner to join our Institutional Retirement Finance team. In this role you’ll work closely with our PRT Investments function (including key members of the Investments Leadership Team), acting as a trusted partner by providing clear, insightful financial challenge and guidance around key investment decisions, financial performance and ensuring that outcomes are well‑understood across IFRS and Solvency II metrics.

The specific responsibilities of this role may also evolve over time in line with the demand from the business, so an agile mindset and an ability to thrive in a changing environment are also key.

This role is a Hybrid working opportunity, which will allow you to split your working week between your home and our London office to find a work-life balance that works for you.

What you'll be doing:

• Building strong partnerships with the Investments Leadership Team and the wider Finance community to help bridge the gap between Investments and Finance
• Providing clear financial insight, challenge and advice across a range of asset classes (such as - property/real estate, structured products, private credit, sovereigns, traded credit and derivatives)
• Translating investment decisions into impacts on IFRS earnings, capital, liquidity and CSM, including providing advice on how portfolio choices affect these metrics
• Leading the development of forward‑looking financial analysis, forecasts and business plans that include clear, action‑oriented commentary that answers the questions around “the what?” for Senior Leaders
• Coordinating and reviewing MI, ensuring accuracy, clarity and meaningful commentary are included
• Supporting change initiatives and project activity by providing Finance SME support to Investment-related (and broader as required) project work and new initiatives
• Providing positive influence across teams/stakeholders, guiding/coaching junior colleagues and driving continuous improvement
• Maintaining strong governance, controls and documentation across Finance and Investments related initiatives

Who we're looking for:

• Qualified Actuary (FIA / FFA /equivalent), CFA or Accountant (ACA / ACCA / CIMA / equivalent), with strong technical and commercial understanding
• Expertise in IFRS 17 (profit drivers, CSM, risk adjustment, onerous contract identification, discount rate calculation), IFRS 9 (classification and measurement of financial instruments) and Solvency II/Solvency UK (capital/liquidity concepts, including Matching Adjustment in a bulk annuity or life insurance context)
• Strong understanding of investment drivers, asset classes and ALM principles (e.g. discount rate derivation) in a life insurance or bulk annuity or long-term insurance context, including…