Financial Analyst

3 weeks ago


Brighton, Brighton and Hove, United Kingdom LegalAndGeneral Full time

Company Overview


Legal & General is a leading financial services group and major global investor. As a hybrid working opportunity, you will split your working week between your home and either our Hove or London Offices.



About the Role

This role involves supporting the delivery of Group Protection financial targets by providing proactive financial and management accounting services to the Group Protection business. You will also deliver sound and effective operational finance management.



Responsibilities

  • Producing monthly & quarterly reports and management information packs for senior management meetings to aid with decision-making and in order to achieve business financial targets.
  • Managing monthly reconciliation and analysis of Insurance MER data and projected direct expenses and FTE positions, highlighting trends and risks against Full Year Forecast and Budget.
  • Ensuring robust processes are in place to track and report benefits set out and provide support in the production and benefit tracking of the Group Protection Investment Portfolio when required.
  • Maintaining and monitoring robust accounting standards, policies and financial controls across the team to ensure compliance with the Group Standards, statutory requirements and the control framework. Ensuring all processes and financial transactions are compliant with internal and external audit requirements.
  • Assisting managers and Executive members to help them understand financial perspectives, enabling the business to adopt a proactive and innovative role in achieving the financial expense targets.
  • Ensuring that the appropriate Finance MI, process and systems are in place to provide support to Insurance Business Units so that customers are treated fairly in line with Legal & General's Customer Experience and TCF policies.


Requirements

  • Part Qualified Accountant
  • Good knowledge of the Financial Services industry and the performance metrics used within the industry.
  • Good knowledge of the UK regulatory Legal framework with specific reference to UK Life Insurance Industry.
  • Understanding of L&G's key financial and operational targets and metrics including;
  • Understanding of L&G's core Life, Pensions and UT/ISA product set, including awareness of product features, characterisations, purpose and profit/expense dynamics.
  • Understanding of cost allocation approaches and profit measurements (Value Added Management), annual/quarterly planning and forecasting cycle, financial approval procedures/processes and monthly expenditure reporting and analysis processes, and alternative cross-charging methodologies and behavioural implications.
  • Advanced knowledge in the use of spreadsheets, databases and analysis tools.


What We Offer

  • The estimated salary for this role is £55,000 - £65,000 per annum.
  • A competitive bonus plan and valuable share schemes.
  • Generous pension contribution.
  • Life assurance.
  • At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday.
  • 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.
  • Many discounts we offer - both for our own products and at a range of high street stores and online.
  • We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.
  • We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.


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