AVP, Financial Planning & Analysis

At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live.  As a recognized market leader of term life insurance, we’re working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals, and challenging ourselves to achieve more.  We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

The AVP of Financial Planning & Analysis (FP&A) plays a pivotal role in the company, serving as a critical business partner to senior management in each of our market-facing businesses (Retirement and Protection) by delivering deep financial insight to inform strategic and tactical business decisions and playing a central role in the development and execution of the company’s strategic plan.

This role demands a strategic thinker with a strong financial, analytic, and interpersonal skill-set, including the ability to: identify business opportunities and risks based on market dynamics and the company’s strengths and weaknesses; link the strategic goals of the business to expectations for financial delivery and resource needs; make recommendations for exploiting opportunities and/or mitigating risks to delivery of the company’s financial plan; collaboratively problem-solve with colleagues at all levels of the organization, including senior management; and develop a team of high-performing financial analysts.

II.   PRINCIPAL DUTIES AND RESPONSIBILITIES

·         Provide strong leadership to a team of highly skilled financial analysts.  This includes: setting a vision for the team to aspire to and outlining the specific actions for realizing that vision; cultivating a high-performance culture by providing coaching, mentorship, and opportunities for growth, while holding team members accountable for delivery.

·         Partner with senior management in each of our market-facing businesses (Retirement and Protection) on the development of company’s strategy by providing insight that informs the impact of strategic decisions, including research into market dynamics, trends, and opportunities.

·         Produce annually the business’ Financial Plan, working collaboratively with colleagues at all levels of the organization including senior management, to ensure financial targets reflect the business’ strategy.  This includes:

o   Setting revenue targets and budgets that reflect the business’ strategic ambition and the resources needed to realize that ambition.

o   Developing detailed P&L and Balance Sheet projections for each of our legal entities and for each of our accounting bases (IFRS, US Statutory, Solvency II), including projected dividend capacity by legal entity based on projected capital ratios, available liquidity, and regulatory and counterparty constraints.

o   Developing robust sensitivity analyses to inform senior management of potential financial upside from opportunities and potential financial downside from key risks.

o   Writing communication materials and completing data templates as required by the Financial Planning process.

·         Conduct robust variance/rollforward analyses and update forecasts each month for each of our KPIs and across each of our accounting bases, e.g., IFRS, US Stat, Solvency II.

·         Develop and disseminate periodic senior-level financial performance reports, including the monthly update to the company’s parent and quarterly report to the company’s Board of Directors.

·         Produce as needed senior-level financial communications, including the annual ratings agency presentation, content supporting the Group’s semi-annual earnings release, and the annual submission of financial plans to regulators.

·         Conduct insightful ad-hoc financial analyses as needed to inform business decisions.

·         Develop/review business cases for company initiatives/products as needed.

·         Serve as a Subject Matter Expert, as needed, for Finance change initiatives.

·         All other projects, as assigned.

BACKGROUND REQUIREMENTS

         EDUCATION

• BA/BS with major/concentration in a business and/or quantitative discipline preferred but not necessary, e.g., Finance, Economics, Accounting, Actuarial Science, Mathematics, Statistics, Physics, Engineering.
• Certified Public Accountant (CPA), Certified Financial Analyst (CFA), MBA, or credentialed actuary (ASA or FSA) preferred, but not necessary.

         EXPERIENCE

• 7-10 years in finance, accounting, or actuarial, preferably within the life insurance industry.
• 2-3 years in a management/leadership role.

        SKILLS REQUIRED

• Strategic mind-set, including the ability to identify and anticipate opportunities and risks based on the company’s strengths and weaknesses and the dynamics of the markets where the company competes.
• Strong financial acumen, including the ability to link company strategy to expectations for financial delivery and resource requirements.
• Strong interpersonal skills, including the ability to collaborate with colleagues at all levels of the organization.
• Strong leadership skills.
• Strong written and oral communication skills.
• Demonstrated ability to work independently and establish priorities to meet tight deadlines.
• Detail-oriented while still being able to see the big picture.
• Flexibility when working with changing deliverables.
• Ability to manage ambiguity.
• Strong knowledge of IFRS and/or US Statutory accounting rules
• Strong knowledge of US Statutory capital rules
• Knowledge of actuarial concepts and principles.
• Familiarity with Solvency II and Bermuda Statutory accounting/capital rules helpful, but not necessary.
• Highly proficient at Excel and Powerpoint. Proficiency with Power BI, databases, and programming a plus.

         REPORTS TO

• CFO, Legal & General Retirement America.

         DIRECT STAFF

5 Financial Analysts.

What’s in it for you?

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses.  This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 37.5 - 40% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date.  This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.

We have a competitive compensation and benefits package focused on your overall wellbeing.  Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff).  We’re big on professional development and we’ll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.