🚀 Internship

Accounting Summer Internship

Legal & General

•

Oct 14

🚀 Summer

Cardiff

Rolling basis

Description

Are you looking for a summer internship that is technically challenging? One that develops commercial acumen alongside your technical skills?

We’re looking for undergraduates who can answer “yes” to the above for our 2023 L&G Accounting Summer Internship scheme. If you’re successful, you’ll join Legal & General’s well-regarded accounting community in Cardiff, which plays a pivotal role in our continued business success.

This is an 8 week summer internship which starts in July 2023 and finishes in August 2023 and is a pipeline for our Accounting Graduate Programme (although successful completion of the summer programme does not guarantee that a graduate role is available). This programme is ideal for someone looking to gain accounting experience before applying to our graduate scheme; please consider whether you are truly interested in Accounting before making your application.

Area of Responsibilities

Accounting & Tax

Responsibilities

Accounting and finance work is central to ensuring a profitable, well run insurance business and your work will support the success of a FTSE 100 company. Our accounting teams work throughout the group functions including Tax, Treasury, Financial Reporting, Risk Analytics and Expense and Ledger Management. You will be assigned to one Accounting team and you will work with them over the course of the 8-week internship. You will also take part in an induction week designed to introduce you to L&G and help prepare you for the remainder of the internship. Over the course of the internship, you will have the chance to interact with different teams, hear from senior speakers and network with your fellow interns. Some of the day to day activities could include:Supporting the delivery of financial information, reporting and advice (both external and management information (MI) and reporting) and ensuring appropriate financial reporting, MI, process and systems are in place to provide support to other business areas so that customers are treated fairly, in line with Legal & General’s Customer Experience and Treating Customers Fairly (TCF) policy. Accurate record keeping in the ledger and daily process records, and timely and accurate filing and storage. Preparation of the reporting and MI required for internal and external regulatory reporting, audit and compliance.Build and maintain excellent working relationships and communications with other parts of the business to ensure delivery of effective processes and procedures.Understanding the key risk exposures for different types of life insurance products, i.e. the drivers of capital for different types of assets or liabilities.Perform, under guidance, the tasks necessary to enable the continuous improvement of the team’s financial reporting systems, processes and actuarial reporting methodologies. Ad hoc finance support on group projects as they arise.End to end forecast and planning process, including Business Partnering discussions with cost centre managers to agree plan assumptions and agreeing revisions of assumption as part of a formal re-forecast.Building MI to have insight to better serve our customers as well as identifying strengths/weaknesses in our business.But most importantly you will be learning new skills and gaining knowledge of how our business works!

Requirements

First and foremost, we’re looking for people with an inquisitive mind and a desire to learn. We’re not expecting prior industry experience, but we’ll want to see that you have the tools to develop quickly. These include: Currently an undergraduate, in your penultimate year of study or a graduate undertaking a Masters programme On track to receive a 2:1 in your degree subjectStrong numerical skills as well as knowledge of Microsoft Office products including Excel, Word and PowerPoint Analytical mind-set, with a high level of numeracy Great communication skills Flexible and a team-player High levels of interest, dynamism and commitment Highly organised with the ability to prioritise effectively

Education requirements

2:1 or Higher