Senior Finance Business Partner - PRT Investments at LegalAndGeneral

City of London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

14 May, 26

Salary

0.0

Posted On

13 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

IFRS 17, IFRS 9, Solvency II, Solvency UK, Asset Classes, ALM Principles, Real Estate, Structured Products, Financial Analysis, Forecasting, Business Planning, MI Review, Governance, Excel, Anaplan, Power BI

Industry

Financial Services

Description

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 for a Senior Finance Business Partner to join our Institutional Retirement Finance team. In this role you’ll work closely with our PRT Investments function (including key members of the Investments Leadership Team), acting as a trusted partner by providing clear, insightful financial challenge and guidance around key investment decisions, financial performance and ensuring that outcomes are well‑understood across IFRS and Solvency II metrics. The specific responsibilities of this role may also evolve over time in line with the demand from the business, so an agile mindset and an ability to thrive in a changing environment are also key. This role is a Hybrid working opportunity, which will allow you to split your working week between your home and our London office to find a work- life balance that works for you. What you'll be doing: Building strong partnerships with the Investments Leadership Team and the wider Finance community to help bridge the gap between Investments and Finance Providing clear financial insight, challenge and advice across a range of asset classes (such as - property/real estate, structured products, private credit, sovereigns, traded credit and derivatives) Translating investment decisions into impacts on IFRS earnings, capital, liquidity and CSM, including providing advice on how portfolio choices affect these metrics Leading the development of forward‑looking financial analysis, forecasts and business plans that include clear, action‑oriented commentary that answers the questions around “the what?” for Senior Leaders Coordinating and reviewing MI, ensuring accuracy, clarity and meaningful commentary are included Supporting change initiatives and project activity by providing Finance SME support to Investment-related (and broader as required) project work and new initiatives Providing positive influence across teams/stakeholders, guiding/coaching junior colleagues and driving continuous improvement Maintaining strong governance, controls and documentation across Finance and Investments related initiatives Qualifications Who we're looking for: Qualified Actuary (FIA / FFA /equivalent), CFA or Accountant (ACA / ACCA / CIMA / equivalent), with strong technical and commercial understanding Expertise in IFRS 17 (profit drivers, CSM, risk adjustment, onerous contract identification, discount rate calculation), IFRS 9 (classification and measurement of financial instruments) and Solvency II/Solvency UK (capital/liquidity concepts, including Matching Adjustment in a bulk annuity or life insurance context) Strong understanding of investment drivers, asset classes and ALM principles (e.g. discount rate derivation) in a life insurance or bulk annuity or long-term insurance context, including considerations with respect to complex asset classes, such as real estate and structured products Experience of proactively partnering with Investments teams, influencing senior stakeholders and shaping strategic business decisions Excellent verbal & written communication skills, including an ability to provide commentary which will go to SLT / Board level and translate complex technical concepts into clear, accessible insights Proven experience of developing MI and scenario analysis that supports performance management and connects investment drivers to IFRS 17 earnings, Solvency II capital generation and liquidity metrics Familiarity with investment governance papers and deal economics (NPV/IRR) would be highly desirable Strong Excel capability, with experience in Anaplan, Power BI or R seen as an advantage 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 30 days holiday, plus public holidays 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 In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your 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. 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. Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US) L&G Business Unit: Legal & General Retirements Institutional L&G sub Business Unit: INSTITUTIONAL RETIREMENTS Primary Location: London, One Coleman Street Job Family: Actuary

Responsibilities

The Senior Finance Business Partner will partner closely with the PRT Investments function, offering clear financial challenge and guidance on investment decisions and performance using IFRS and Solvency II metrics. Key duties include translating investment impacts on earnings, capital, and liquidity, and leading forward-looking financial analysis and planning.