Investment Reporting Manager

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, UK and US life insurance, and 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 since 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 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) is 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 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 members of IRT. This is a hybrid working opportunity, allowing you to 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 taking 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.

Benefits

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, with 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.
• Various discounts for our own products and at a range of high street stores and online.
• Redesigned workspaces that promote connection and collaboration with 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, you will be empowered through initiatives that support career development and excellence.

We care passionately about outcomes rather than attendance and are open to discussing all kinds of flexible working options including part-time, term-time, and job shares.

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.