Investment Reporting Manager

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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 recruiting an experienced Qualified Actuary or CFA to join our Investment Reporting Team as an Investment Reporting Manager.

The Investment Reporting Team (IRT) sits within our Institutional Retirement Division and is responsible for asset cashflow projection, as well as discount rate methodology and calculation under both IFRS and Solvency II.

As an Investment Reporting Manager, you will support the Head of Investment Reporting on important strategic initiatives and projects, with a particular focus on the asset side of the balance sheet. You will lead the production of a range of IFRS and Solvency II reporting metrics and provide high-quality analysis and commentary on results, manage stakeholder relationships effectively, and support on a range of other essential reporting activities.

You will also have direct line management responsibilities for junior members of the Investment Reporting Team.

This is a hybrid working opportunity, which will allow you to split your time between home and our Central London office to help you achieve a work-life balance that works for you.

What you'll be doing:

• Building and maintaining strong working relationships with key stakeholders, including teams across Institutional Retirement Finance, Institutional Retirement Investments, Group Finance, and Auditors
• Owning the prioritisation and scheduling of activities undertaken by the team, such as BAU reporting, analysis and process improvements. As well as effectively managing resource allocation to meet ad-hoc requests
• Leading, managing, coaching and developing junior team members to maximise their potential to further enhance the overall performance of the team
• Supporting the strategic direction of the team's reporting systems, processes, and methodologies, including reviewing process flows and model inefficiencies to identify opportunities for improved efficiency and effectiveness
• Owning the ongoing development, implementation, and maintenance of the team's reporting systems, processes, and methodologies to ensure we have sufficient robustness, appropriate risk assessment, and strong control frameworks
• Producing IFRS IP and SII Matching Adjustment, as well as ALM and sensitivity metrics -including providing supporting analysis/commentary and presenting & disseminating results to stakeholders
• Taking ownership for the analysis of IFRS and SII investment variance and profit & loss attribution, new business reporting, ad-hoc stress and scenario testing, model maintenance and development, PRA requests, portfolio analysis and data requests, new asset projection methodologies, and ongoing methodology and assumption reviews
• Ensuring customers are treated fairly and in line with Legal & General's Customer Experience and Treating Customers Fairly (TCF) policies

Who we're looking for:

• Fully Qualified Actuary or CFA holder with demonstrable relevant experience
• Strong understanding of IFRS and Solvency II reporting metrics
• Proficiency in asset modelling and cashflow projection, with experience using VBA and R
• Strong analytical skills with the ability to review results for reasonableness
• Awareness of the risk and regulatory requirements within the UK finance sector
• Proven experience in effective team management, coaching and mentoring
• Excellent communication skills, with the ability to tailor messaging to suit different stakeholders and their specific needs
• Ability to review process and system deficiencies and implement meaningful 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
• Generous pension contribution
• Life assurance
• Healthcare Plan
• 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
• There are the 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

Qualifications

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.