Legal & General
Head of New Business Reporting
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Qualified Actuary – Head of New Business Reporting at Legal & General (L&G)
About Legal & General
Legal & General (L&G) is a leading UK financial services group and major global investor. Since 1836, we’ve been safeguarding people’s financial futures while playing a pivotal role in building a better society, improving customer lives, and driving shareholder value.
As one of the world’s largest asset managers, we provide powerful asset origination capabilities. Our retirement and protection solutions are brought to life through:
- Pension risk transfer expertise (both domestic and global)
- UK and US life insurance markets
- Workplace pensions and retirement income provision in the UK
L&G Institutional Retirement oversees around 700,000 institutional customers, ensuring their retirement benefits remain secure. Since entering the UK market in 1987, we’ve been continuously operational, making us the UK’s longest-serving active bulk annuity provider.
Our Institutional Retirement business currently manages a UK retirement annuity book of £86.1 billion, as of 31 December 2023. Across both retail and institutional retirement, we handle the financial futures of over 1 million customers.
Job Description: Head of New Business Reporting
We’re seeking a Qualified Actuary to join the Institutional Retirement team in the role of Head of New Business Reporting.
This position will offer: ✔ Strategic visibility across the entire Group ✔ End-to-end ownership of new business reporting processes ✔ Leadership of a team of four analytics professionals ✔ Critical oversight of IFRS, Solvency UK, and Solvency II reporting outputs
You’ll work closely with partners across Planning & Analysis, Finance Central Services, and the Pension Risk Transfer (PRT) team to ensure high-quality, compliant oversight across all financial projections and reporting mechanisms.
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This hybrid role allows for flexibility—splitting your time between home and the office to achieve the right work-life balance.
Key Responsibilities
- Leading new business reporting for all IFRS, Solvency UK, and Solvency II metrics across the business
- Managing and developing a team of actuarial analysts, fostering their professional growth
- Reviewing and challenging all Finance Central Services reporting outputs for Institutional Retirement
- Ensuring accuracy, control, and clarity in reporting results, assumptions, policy data, and methodologies
- Building and maintaining collaborative relationships with:
- PRT Pricing Team
- PRT Client Services
- Planning & Analysis
- Technical Accounting
- Auditors
- Finance teams (across the Group)
- Presenting technical findings, reporting movements, and key messages to senior stakeholders in a clear and accessible way
- Driving process improvements in reporting methodologies, systems, and controls
- Offering support for change initiatives pertaining to reporting frameworks, data management, and resource allocations
Requirements & Qualifications
Essential:
- Certified Life Actuary (either FIA or FFA, or an international equivalent qualification)
- Deep experience in life insurance reporting—preferably within IFRS / IFRS 17 and Solvency UK / Solvency II frameworks
- Proven knowledge of related retirement products, including:
- Bulk annuities
- Individual annuities
- Pension risk transfer (PRT), or comparable solutions
- Evaluation expertise—strong experience in actuarial or financial reporting outputs, including assessments for reasonableness and compliance
- Team leadership—managed or developed actuarial, finance, or reporting teams in the past
- High-level stakeholder management skills, with the confidence to communicate complex findings to senior executives
- A strong bias toward continuous improvement, with prior experience optimizing reporting or governance processes
- Sound understanding of risk management, governance, and regulatory expectations in UK financial services
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Our Benefits
At L&G, we believe in performance-based recognition and a well-rounded benefits package designed to support what matters most to you:
- Performance-related bonus scheme
- Generous pension contributions
- life assurance
- Comprehensive healthcare plan
- 30 days’ holiday, including public holidays
- Competitive family leave policies
- Access to our electric car scheme for environmentally tax-efficient vehicle hiring
- Discounts on L&G products and services, plus retail and online deals
As part of our commitment to creating net-zero workplaces by 2030, we’re investing in modern, sustainable offices that foster connection while upholding the highest standards of workplace culture.
Why Join L&G?
At our core, we believe in generating positive returns today while shaping a better future. We embody this purpose through: 🔹 An inclusive culture, welcoming all backgrounds and perspectives 🔹 Development-driven leadership that cares deeply about your growth and wellbeing 🔹 Career initiatives to help you reach your full potential
We’re passionate about outcomes, not attendance, and therefore maintain an open-door policy for flexible arrangements, including:
- Part-time roles
- Term-time flexibility
- Job sharing (Where possible, we adapt to accommodate individual requests)
We don’t expect you to meet every single criterion—focus instead on how your strengths, potential, and passion for our mission align with this opportunity.
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