Assistant Finance Manager Reporting Job In London

Job Description

Company Description

Legal & General is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Job Description

We’re recruiting for a Assistant Finance Manager- Reporting within our Asset Management function within Cardiff. The purpose of this role is to be responsible for supporting the Finance Manager in ensuring that all Real Assets financial reporting obligations are met efficiently in line with L&G Group reporting requirements, regulatory reporting requirements and applicable accounting standards and rules. Outputs will include accurate and timely monthly management information to support the business, quarterly finance reports for presentation to the Board of Directors and annual Financial Statements for audit. The role holder will act as a financial controller of these entities and will manage the financial control framework to ensure robust controls are in place across all elements of the financial information, including balance sheet control and effective liquidity and capital management.

What you'll be doing:

1. Ensuring the appropriate Finance MI, process and systems are in place to provide support to Operational teams, LGIM Finance and L&G Group Finance. Work collaboratively with the Expenses and Revenue teams to ensure the accuracy of financial information.
2. Guarantee the creation of top-quality management information and board packs for Real Assets entities, and present this data succinctly to senior management and the pertinent boards.
3. Compile precise regulatory reporting returns for the FCA, utilising support from the LGIM Compliance and Property Fund Accounting teams. Subsequently, present this Management Information to senior management for their approval prior to submitting it to the FCA.
4. Monitor capital and liquidity requirements, ensuring an understanding of regulatory requirements and forecast needs in order to effectively manage capital and liquidity surplus. Prepare dividend papers to support the distribution of excess capital to the consolidation group and onwards to L&G Group.
5. Contribute effectively to the maintenance of LGIM's financial control framework by ensuring robust control over the company's balance sheets, including intercompany balances, to manage capital and cash positions efficiently.
6. Understanding the intercompany relationships between entities is crucial to ensure their accurate representation in the ledgers and to identify potential issues promptly as they emerge.
7. In conjunction with the Tax team, ensure that taxes (including corporation tax and VAT) are accounted for accurately in the books and returns of each company.
8. Contribute to the development of LGIM Finance’s accounting routines to improve, rationalise and optimise processes, including helping to drive a move towards automation.
9. Manage the preparation of the statutory accounts for the Real Assets entities, ensuring all accounting standards are adhered to and the accounts are prepared in line with the agreed timetable. Act as a key point of contact for the external auditors for the entities.

Qualifications

Who we're looking for:

Qualified accountant ideally with knowledge of the Financial Services industry and/or the regulatory environment within which financial services firms operate would be beneficial.

1. An understanding of FCA regulation, with specifics around the Alternative Investment Fund Management Directive “AIFMD” and the sourcebook for Mortgage and Home Finance Firms, and Insurance Intermediaries “MIPRU” would be beneficial.
2. An understanding of UKGAAP and Companies Act requirements would be ideal.
3. Knowledge on software such as Tableau, Onestream and SUN accounting systems would be beneficial, but not a requirement for the candidate. Good technical skills are required for this role as the job holder will be responsible for ensuring the accurate output of ledger information across the LGIM entities. Good MS Excel and MS Word skills are required. The job holder will ideally be able to demonstrate knowledge of various systems such as SUN, Vision, BI Q&A and other Microsoft Office products such as PowerPoint.
4. The role holder will be required to manage a variety of different deliverables concurrently. The ability to cope with periods of high pressure is therefore a key skill for this role. During periods of high workload strong organisational skills will be needed. They should be able to work independently to develop and enhance processes and to identify, investigate and resolve issues.

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:

1. The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
2. Generous pension contribution.
3. Life assurance.
4. Private medical insurance (permanent employees only).
5. At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday.
6. Competitive family leave.
7. Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice.
8. There are the many discounts we offer – both for our own products and at a range of high street stores and online.
9. 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

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming 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 strive to be open, mindful and inclusive, so are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.