Head of Regulatory Reporting - Institutional Retirement

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 an experienced Actuary to join our Institutional Retirement Finance team as a Head of Regulatory Reporting.
This is a senior role within IR Finance, where you will have accountability for divisional regulatory reporting across our 80bn annuity portfolio, including Matching Adjustment and non-Matching Adjustment fund reporting.

You’ll play an important role in making sure that our reporting is clear, well controlled and delivered to a high standard. You’ll also work closely with teams across Finance, Actuarial, Risk, Internal Audit and Group, and help provide the insight and assurance needed to support key financial decisions.

This is a hybrid working opportunity, which will allow you to work flexibly between your home and the office, to help you find a work-life balance that works for you.

What you'll be doing:

Owning end-to-end oversight of divisional regulatory reporting across Matching Adjustment and non-Matching Adjustment funds

Producing clear Profit & Loss Attribution (PLA) reporting outputs, governance materials and reporting recommendations

Recommending surplus available for extraction based on robust analysis and reporting

Engaging with senior stakeholders including the Divisional CFO, Group Chief Actuary, Line 2 and Group Internal Audit Setting and monitoring SLAs with production teams, data providers and business partners

Investigating unexplained balances, process issues and technical transactions

Improving reporting processes, controls, documentation and governance across the end-to-end process

Supporting system, process and methodology changes with Actuarial and Financial Change Delivery team

Who we're looking for:

Qualified Actuary (FIA/FFA) or equivalent expertise and knowledge

Strong experience in life insurance, ideally within annuities or bulk annuity products

Comprehensive IFRS and Solvency II/Solvency UK reporting experience

Strong understanding of Matching Adjustment reporting, PLA processes and regulatory requirements

Excellent judgement and analytical skills, including the ability to review results for reasonableness

Strong communication and influencing skills, with experience managing senior stakeholders

Experience improving processes, controls or reporting governance would be helpfulA collaborative, proactive approach and confidence working across a complex matrix 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 leave

Participate in our electric…