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- Tasks: Lead the Investment Reporting Team, producing key financial metrics and managing stakeholder relationships.
- Company: Join Legal & General, a top UK financial services group dedicated to safeguarding financial futures since 1836.
- Benefits: Enjoy hybrid working, competitive salary, 27 days holiday, life assurance, and an electric car scheme.
- Why this job: Make a real impact on customers' financial security while developing your career in a supportive environment.
- Qualifications: Must be a Qualified Actuary or CFA with strong analytical skills and experience in team management.
- Other info: Flexible working options available; we value outcomes over attendance.
The predicted salary is between 48000 - 72000 £ per year.
- Permanent or Fixed Term Contract: Permanent
- L&G Business Unit: Legal & General Retirements Institutional
- L&G sub Business Unit: INSTITUTIONAL RETIREMENTS
- Primary Location: London, One Coleman Street
- Job Family: Actuary
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 division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members’ retirement benefits.
Joining us means you’ll support customers’ financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.
Job Description
We’re recruiting for a Qualified Actuary or CFA to join our Investment Reporting Team as an Investment Reporting Manager.
Our Investment Reporting Team (IRT) are responsible for the asset cashflow projection and discount rate methodology & calculation under both IFRS and SII and sits within our Institutional Retirement Division.
As an Investment Reporting Manager you will own the production of IFRS and Solvency II reporting metrics, focusing on the asset side of the balance sheet. You will also provide timely and high-quality deliverables, analysis, and commentary on results, while managing stakeholder relationships and supporting other reporting activities. You will also be responsible for the direct line management of 1-2 junior member of IRT.
This is a hybrid working opportunity which means you can split your working week between your home and our Central London office to find a work/life balance that works for you.
What you\’ll be doing:
- Producing IFRS IP and SII MA as well as ALM and sensitivity metrics, including incorporating any supporting analysis and commentary and presenting & disseminating these results to stakeholders as required
- Taking accountability for the analysis of IFRS and SII investment variance & profit and loss attribution, new business reporting, ad-hoc stress and scenario testing, model maintenance and developments, PRA requests, portfolio analysis / data requests, new asset projection methodologies and ongoing methodology and assumptions reviews
- Building and maintaining effective relationships with stakeholders including, but not limited to, other teams in Institutional Retirement Finance, Institutional Retirement Investments, Group Finance and Auditors
- Owning the effective prioritisation and scheduling of activities required for business-as-usual reporting, analysis, process developments and allocating resources to meet ad hoc requests
- Leading, managing, and developing junior team members to maximise the performance of the team
- Supporting the strategic direction for the team’s reporting systems, processes and methodologies and take responsibility for reviewing process flows and wastage within models to identify opportunities for improvement in efficiency and effectiveness
- Owning the continual development, implementation and maintenance of the team’s reporting systems, processes and methodologies, ensuring that they are robust and that risks are assessed and appropriately controlled
- Ensuring that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policies
Qualifications
Who we\’re looking for:
- Fully Qualified Actuary or CFA
- Strong understanding of IFRS and Solvency II reporting metrics
- Proficiency in asset modelling and cashflow projection, with experience in VBA and R
- Strong analytical skills with the ability to review results for reasonableness
- Awareness of risk and regulatory requirements within the UK finance sector
- Experience of effective team management, stakeholder management, and mentoring
- Strong communication and stakeholder management skills, with the ability to tailor messaging to suit the needs of the audience
- Ability to effectively review processes/systems and implement the required improvements
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
- Life assurance
- 27 days holiday, plus public holidays. There’s also the option to buy and sell holiday
- Competitive family leave
- Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
- There are the many discounts we offer – both for our own products and at a range of high street stores and online
- In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
Additional Information
At L&G, we believe it\’s possible to generate positive returns today while helping to build a better future for all.
If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.
We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares.Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.
It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.
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Investment Reporting Manager employer: Legal and General
Contact Detail:
Legal and General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Investment Reporting Manager
✨Tip Number 1
Familiarise yourself with the latest IFRS and Solvency II reporting standards. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the actuarial and investment reporting sectors. Attend industry events or webinars where you can meet people from Legal & General or similar companies, as personal connections can often lead to job opportunities.
✨Tip Number 3
Brush up on your analytical skills, particularly in asset modelling and cashflow projection. Consider taking a short course or certification that focuses on VBA and R, as these are crucial for the role and will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience in team management and stakeholder engagement during the interview. Think of specific examples where you've successfully led a team or managed relationships, as this will highlight your suitability for the Investment Reporting Manager position.
We think you need these skills to ace Investment Reporting Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a Fully Qualified Actuary or CFA, and emphasises your experience with IFRS and Solvency II reporting metrics. Use specific examples that demonstrate your proficiency in asset modelling and cashflow projection.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities of the Investment Reporting Manager position, particularly in managing stakeholder relationships and leading a team.
Showcase Analytical Skills: Provide examples in your application that showcase your strong analytical skills. Mention any relevant experience you have with VBA and R, and how you've used these tools to review results and implement improvements in reporting processes.
Highlight Team Management Experience: Since the role involves managing junior team members, be sure to highlight your experience in team management and mentoring. Discuss how you've developed team performance and supported colleagues in their professional growth.
How to prepare for a job interview at Legal and General
✨Understand IFRS and Solvency II Metrics
Make sure you have a solid grasp of IFRS and Solvency II reporting metrics. Be prepared to discuss how these metrics impact investment reporting and the asset side of the balance sheet, as this will be crucial for the role.
✨Showcase Your Analytical Skills
Demonstrate your strong analytical skills by preparing examples of past analyses you've conducted. Be ready to explain how you reviewed results for reasonableness and how you approached complex data sets.
✨Prepare for Stakeholder Management Questions
Since building relationships with stakeholders is key, think of specific instances where you've successfully managed stakeholder expectations or collaborated with other teams. This will show your ability to communicate effectively.
✨Highlight Team Management Experience
As you'll be managing junior team members, be prepared to discuss your experience in team management and mentoring. Share examples of how you've developed team performance and handled challenges within a team setting.
