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Legal & General
London, United Kingdom
Closing date
May 3, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Company Description

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind-the-scenes. It's up to us in L&G Group functions - which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Comms to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we're helping to improve our customers' lives, and contributing to the success of the business every day.

Applications close 2nd May 2024

Job Description

Your role at a glance

The LGAS (Legal and General Assurance Services) Reporting team is responsible for the delivery of Statutory and Regulatory Reporting for LGAS. This role focuses on management, production, and review of Solvency II Pillar 3 reporting QRTs, and other regulatory returns on a quarterly and annual basis.

The role also involves working closely with business divisions to support the accounting and delivery of quarterly and annual IFRS results for a General Insurance reinsurance agreement within LGAS.

What you'll be doing
  • You will manage the delivery of LGAS regulatory and capital reporting, including liaison with external auditors and delivery of outputs to the PRA and other regulatory bodies.
  • You will ensure reporting is performed to agreed levels of accuracy, with appropriate liaison with divisional Finance team, Group technical resources, other business areas and external auditors.
  • You will proactively develop and deliver internal and external SII and capital metrics and commentaries. Including the collection, analysis and production of fee block information reported and paid to various regulatory bodies and ad hoc information requests from the regulatory bodies.
  • You will identify, manage, and monitor issue resolution during reporting production, ensuring communication with key stakeholders and appropriate reconciliation of key metrics.
  • You will develop system reporting expertise (GFAS, OneStream, SII Assist, Magnify, RegData, etc.).
  • You will fully maintain and review key financial controls in the LGAS regulatory/IFRS reporting space, including EUC appraisals and process enhancements.
  • You will review and approve the delivery of ad hoc information requests from the regulatory bodies, liaising with other business areas as appropriate.
  • You will continually review and challenge processes to establish efficiencies whilst maintaining control and quality.
  • You will work with internal stakeholders and suppliers across Group Finance and Divisions to ensure deliverables are understood, planned and delivered by the financial reporting processes.
  • Qualified accountant from a recognised accountancy body.
  • Previous Solvency II and regulatory reporting experience or a background in insurance reporting is essential.
  • Previous life reporting experience an advantage.
  • Good understanding of existing IFRS requirements and ability to analyse and interpret other reporting frameworks.
  • Good communication skills and create / deliver concise reports.
  • Ability to proactively manage own workload.
  • Ability to work with others to find pragmatic solutions to process and accounting issues.
  • Ability to maintain and develop reconciliations and adhere to control environment.
  • Proactive approach to investigating and understanding changing regulatory requirements and ability to understand the impact on the business, systems, processes and reporting.
  • Advanced excel skills
  • Be part of a culture of teamwork and participation with colleagues both within own and wider teams
Be willing to coach more junior team members and act as a mentor

Additional Information

When you commit to Legal & General, we'll commit to you too. That means we'll recognise and reward your hard work, your performance and your contribution.

If you join us, you'll get access to some great benefits, including private medical insurance, 27 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We're also proud to offer competitive family leave.

You'll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of - both for our own products and at a range of high street stores and online offerings.

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we've grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.

We're all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you'll find a balance that helps you be your best. Empowered by hybrid working, we're supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there's over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don't have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don't just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it's important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we're always open to discussing flexible working arrangements. Likewise, we're committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

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