Legal & General
Head of New Business Reporting
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Head of New Business Reporting – Qualified Actuary
L&G Institutional Retirement
About the Role
Legal & General (L&G) is a leading UK financial services group and major global investor, safeguarding the financial futures of its customers since 1836. Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider, supporting over 700,000 institutional customers, with a combined annuity book of £86.1 billion (as of December 2023).
We’re looking for a Qualified Actuary to lead our new business reporting as Head of New Business Reporting, playing a key role in our institutional and wider Group operations.
This is a hybrid working opportunity, offering flexibility to balance work and life effectively.
Core Responsibilities
- Take end-to-end ownership of reporting processes for new business metrics (IFRS, Solvency UK, and Solvency II frameworks).
- Oversee reporting outputs and assume a reviewer function for key outputs from Finance Central Services, ensuring compliance, accuracy, and business intelligence.
- Manage and develop a team of four actuarial analysts, providing coaching and mentorship.
- Validate reporting methodologies, assumptions, and gains/losses for institutional retirement annuities and ancillary products.
- Build strong relationships with:
- PRT Pricing, PRT Client Services, Planning & Analysis, Technical Accounting, Auditors, and broader finance teams.
- Translate complex reporting results into clear, actionable insights for senior stakeholders.
- Drive process improvements in reporting systems, controls, and documentation.
- Support changes in regulatory reporting requirements, processes, and approaches.
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Requirements
- Qualified Life Actuary (FIA, FFA, or equivalent qualification).
- Strong life insurance reporting experience with IFRS (including IFRS 17) and Solvency UK (Solvency II) metrics.
- Knowledge of bulk annuities, individual annuities, or Pension Risk Transfer (PRT) is favourable.
- Experience reviewing actuarial/finance reporting outputs, verifying assumptions, and appraising results for reasonableness.
- Team management experience in actuarial, finance, or reporting, with a focus on development and performance.
- Strong stakeholder management skills—you should be capable of presenting complex audits or actuarial reports to a broad audience.
- Mindset for continuous improvement, with proven experience refining reporting processes or risk governance frameworks.
- A deep understanding of US/UK regulatory and governance expectations in financial services.
What We Offer
- Performance- and behaviour-based rewards, including a bonus scheme and compelling share schemes.
- 25% pension contribution, plus company contributions to a life assurance and healthcare plan.
- 30 days annual leave (plus additional public holidays and long-service benefits).
- Family leave of 52 weeks (full pay) and 34 weeks (at least 50% pay) for maternity/adoption, 15 weeks at 50% pay for parental leave.
- Electric car scheme (tax-efficient salary sacrifice offering a fresh salary-pooled option).
- Vendor discounts across retail partners, products, and services (e.g. museums, restaurants, retailers).
- Net-zero carbon commitment—modern, equipped offices designed to enhance collaboration with flexible hybrid access.
- Culture of impact, inclusion, and growth—flexible, part-time, term-time, and job-share arrangements contingent upon business needs.
- Ongoing focus on skilling and development, championing diversity and belonging.
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Why Join Us
L&G is built on a purpose—helping to improve peoples’ lives and drive sustainable value. Our inclusive, collaborative culture provides endless opportunities to be part of something that matters.
No role requires you to meet every distinction. Instead, allow your expertise, strengths, and alignment with our aims to guide you.
Legal & General (“L&G”): Building confidence and prosperity for our customers and communities.
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