Finance Manager
Overview:
At Legal & General America (LGA), 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 Finance Manager plays a critical role for the Company’s US Cost Control Team. This is a highly visible role requiring the candidate to partner closely with business leads at various levels and drive fiscal responsibility and accountability across the organization.The role will be responsible for supporting the development of a new expense management operating model for consolidated US businesses (Pension Risk Transfer and Protection/Life Insurance), at the direction of the Director of Cost Control. This individual will also be responsible for coordinating and monitoring budgets, re-forecasting and analysis of Protection commissions and all operating expenses for various departments.
Finance Manager will develop, interpret and implement financial concepts for financial planning and control. In addition, this individual will perform analysis to determine present and future financial performance.
At Legal & General we offer an inclusive and balanced work culture with exciting business growth ambitions in a transformative and energizing environment! Come join our team!
The Finance Manager will work on a hybrid basis in our Stamford, CT or Frederick, MD office. Full-time remote option will be considered based on experience and proven ability to work from home successfully.
Responsibilities:
- Expense Planning and Forecasting:
- Lead on implementation of a new infrastructure and operating model for the US Expense Management & Cost Control team and support implementation of digital finance solutions for efficiencies.
- Collaborate with Finance Transformation team on development of business requirements, including testing and implementation of new tools and digital solutions to achieve Expense Management/US Cost Control team objectives.
- Drive the creation and utilization of standard tools/processes and supports automation of monthly/quarterly operating/commission expense reporting and planning sessions.
- Collaborate with Technology, Distribution and Operations business partners to produce and analyze an annual operating expense plan, including monthly forecasts and variance analysis.
- Perform analysis of data trends on budget spend to enable teams/business areas to meet key performance indicators (internal and external focused). KPI reporting responsibilities.
- Communicate cost risks and opportunities for various business areas/cost centers and make recommendations to the finance leadership team
- Understand and assist in developing financial models to meet planning and forecast results.
- Leverage data analytics to provide insights into spending patterns and identify opportunities for budget optimization.
- Assist in articulating and presenting the message behind the numbers, by communicating sophisticated financial concepts in clear presentations to the senior leadership team.
- Maintain and supervise commission expenses by distribution channel and support forecasting.
- Nurture positive relationships with key partners.
- Other Responsibilities:
- Support ad hoc requests and special tasks/projects as needed.
- Assist in the preparation of monthly management reports, Board decks, Performance metrics monitoring and other reports
- Seek opportunities for operational improvements and efficiencies
- Support Meiji Yusada acquisition transaction as needed
- Coordinate/collaborate with the Business Intelligence team to implement continuous improvement initiatives for the Cost Control Team’s objectives/deliverables
- Travel to Maryland office expected if full time remote (approximately
- Travel to Stamford office expected if full time remote (approximately .
Qualifications:
Education
BA/BS with major/concentration in a business and/or quantitative discipline, e.g., Finance and Accounting
Certified Public Accountant (CPA), Certified Financial Analyst (CFA) or MBA a plus.
Experience/Knowledge
7+ years in finance, accounting or strategy, preferably within the life insurance industry, including 3+ years in financial planning/budgeting.
Skills- Proficient in financial modeling and business partnering, with financial planning/reporting background.
- Demonstrated leadership skills, including the ability to collaborate with colleagues and advise at all levels of the organization.
- Strong time management and organizational skills, with the ability to lead several tasks accurately with a high level of initiative and integrity.
- Strong analytical and problem-solving skills.
- Strong written and oral communication skills.
- Proven track record of working independently and effectively prioritizing to meet tight deadlines.
- Detail-oriented while still being able to see the big picture.
- Advanced proficiency with Excel, PowerPoint, Power BI and databases required.
What’s in it for you?
The expected hiring compensation range for this position is $104,300 - $143,450 annually. This will be a hybrid role.
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 20% 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.