At a Glance
- Tasks: Lead new business reporting and manage a talented actuarial team.
- Company: Join Legal & General, a leading financial services group with a rich history.
- Benefits: Enjoy competitive pay, performance bonuses, and flexible working options.
- Other info: Be part of an inclusive culture focused on sustainability and career growth.
- Why this job: Make a real impact in the financial sector while developing your career.
- Qualifications: Qualified Life Actuary with strong reporting experience and team management skills.
The predicted salary is between 80000 - 100000 £ per year.
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. Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.
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 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
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
- 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
- There are many discounts we offer – both for our own products and at a range of high‑street stores and online
- We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience
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.
Head of New Business Reporting in Hove employer: LegalAndGeneral
Legal & General is an excellent employer that prioritises employee well-being and professional growth, offering competitive benefits such as generous pension contributions and flexible working options. Our collaborative work culture fosters innovation and allows you to make a meaningful impact in the field of asset liability management, all while being part of a forward-thinking team in a dynamic industry.
StudySmarter Expert Advice🤫
We think this is how you could land Head of New Business Reporting in Hove
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like LegalAndGeneral. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Head of New Business Reporting in Hove
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to LegalAndGeneral.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on LegalAndGeneral's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at LegalAndGeneral
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with LegalAndGeneral.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at LegalAndGeneral will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former LegalAndGeneral employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
