Legal & General
Head of New Business Reporting
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Head of New Business Reporting – Qualified Actuary
About Legal & General (L&G)
Legal & General (L&G) is a leading UK financial services group and major global investor. Since 1836, we have dedicated ourselves to safeguarding people’s financial futures and building a better society through:
- Providing powerful asset origination and management capabilities
- Delivering retirement and protection solutions
- Operating as an international player in:
- Pension risk transfer (PRT)
- UK/US life insurance
- UK workplace pensions
- Retirement income
Our Institutional Retirement business administers retirement benefits for around 700,000 institutional customers, making us the UK’s longest-running active bulk annuity provider since our market entry in 1987.
About Institutional Retirement
- The only insurer continuously operating in the UK market since 1987 with a retirement annuity book valued at £86.1 billion (as of 31 December 2023)
- We collectively look after over 1 million customers, with c.700,000 being institutional clients securing their retirement benefits with us.
Job Description: Head of New Business Reporting – Qualified Actuary
Location: Hybrid Contract: Permanent
We are seeking a Qualified Actuary to lead our Institutional Retirement business as the Head of New Business Reporting. This role offers:
- Strong leadership exposure across the Institution Business and wider L&G Group
- End-to-end ownership of new business reporting processes
- Robust oversight of new business and broader reporting outputs under IFRS and Solvency UK/Solvency II
- Collaboration with Planning & Analysis, Finance Central Services, and PRT (Pension Risk Transfer) teams to enhance reporting outputs
This hybrid role provides flexibility to split your workweek between home and office to achieve a sustainable work-life balance.
Key Responsibilities
- Leadership and Team Management:
- Manage and develop a team of four talented actuarial analysts
- New Business Reporting:
- Deliver IFRS and Solvency II/UK metrics for new business
- Ensure rigorous oversight and governance of all outputs, data, assumptions, and methodologies
- Provide a challenging review layer for reporting outputs from Finance Central Services
- Stakeholder Engagement:
- Collaborate with PRT Pricing, Client Services, Planning & Analysis, Technical Accounting, Auditors, and broader Finance teams
- Clearly articulate reporting results, movements, and key messages to senior stakeholders
- Process Improvement & Change Leadership:
- Drive improvements in systems, controls, documentation, and reporting processes
- Actively support changes to technical reporting methodologies, processes, and systems
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Requirements
- Qualification: Qualified Life Actuary (e.g., FIA/FFA or equivalent)
- Experience:
- Strong life insurance reporting background, including IFRS/IFRS 17 and Solvency II reporting.
- Deep knowledge of bulk annuities, individual annuities, or similar retirement products
- Proven track record in reviewing actuarial/financial reporting outputs and assessing reasonableness
- Experience leading teams (actuarial, financial, or reporting-focused)
- Skilled in risk, governance, and compliance in a UK financial services environment
- Soft Skills:
- Confident and impactful stakeholder communication, especially with technical senior management
- Proactive mindset for continuous improvement in reporting processes and controls
Benefits Package
L&G values performance and behaviour, offering competitive benefits aligned with your priorities:
| Benefits | Description |
|---|---|
| Annual Bonus | Performance-related bonus plan |
| Share Schemes | Access to beneficial share incentives |
| Pension Contributions | Generous support for long-term financial planning |
| Healthcare | Comprehensive cover for your and qualifying relatives |
| Life Assurance | Financial protection for your dependants |
| Holiday | 30 days annual leave plus public holidays |
| Family Leave | Competitive family leave policies |
| Electric Car Scheme | Tax-efficient hybrid option to operate an electric car |
| Travel Discounts | Discounts on L&G products and services and high-street retailers/online |
| Net-Zero Office Commitment | Staff workspaces are aligning with net-zero carbon by 2030 with sustainable design |
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Our Culture and Credo
At L&G, we believe in creating positive returns today while building a better future. Joining us means being part of an inclusive, collaborative environment where:
- Continuous learning, career growth, and whole-person wellbeing are prioritised
- Flexible working arrangements are accommodated (e.g., part-time, term-times, job shares)
- Diverse priorities and talents matter more than rigid criteria
We strive to:
- Be open, inclusive, and welcoming
- Collaborate with differing backgrounds, perspectives, and viewpoints
- Empower through initiative-driven development
L&G values the right people, with the right skills and alignment to our company purpose. Apply with confidence and consider the legacy you could build with us.
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