Legal & General (L&G) is a leading UK financial services group and major global investor that has been safeguarding people’s financial futures since 1836. We are one of the world’s largest asset managers and provide powerful asset origination capabilities that underpin our retirement and protection solutions. L&G Institutional Retirement looks after around 700,000 institutional customers and is the UK’s longest‑running insurer and longest‑serving active bulk annuity provider.
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. You will own the end‑to‑end process of new business reporting and provide robust oversight of both new business and wider reporting outputs across IFRS and Solvency UK / Solvency II. You will also collaborate closely with Planning & Analysis, Finance Central Services and PRT teams to deliver an additional review layer for wider reporting outputs.
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 clearly
- A continuous improvement mindset, with experience improving reporting processes or controls
- Sound understanding of risk, governance and regulatory requirements in a UK financial services environment
Benefits
- 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
- Electric car scheme – hire a brand‑new electric car via tax‑efficient salary sacrifice
- Discounts on our own products and a range of high‑street stores and online retailers
- Net‑zero carbon workplaces by 2030 with sustainable, modern offices across the UK
At L&G, we believe it is possible to generate positive returns today while helping to build a better future for all. Join us and become part of a welcoming, inclusive culture that values flexibility, collaboration and career development.
Head of New Business Reporting in Cardiff employer: Legal & General
At L&G, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within our Global Financial Institutions team. With generous benefits including performance-related bonuses, a robust healthcare plan, and a commitment to sustainability, we empower our employees to thrive both personally and professionally. Join us in a supportive environment where your contributions are valued, and you can grow your career while making a positive impact in the financial sector.
