JUMP TO CONTENT

DB Pensions Calculation Consultant

  1. Full-time
  2. Actuary, Defined Benefits
  3. Glasgow

__jobinformationwidget.freetext.ExternalReference__

2559_13732

This vacancy has now expired. Please see similar roles below...

 

Company Description

 

Legal & General Institutional Retirement looks after around 700,000 customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer, and we are growing from strength to strength.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members’ retirement benefits.

Joining us means you’ll support customers’ financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

 

Job Description

 

Do you have extensive experience of Defined Benefit pension administration? Are you a part or fully qualified pensions actuary? If so, we’re seeking a motivated and technically skilled individual to join our growing, multi-award winning PRT business as a Calculation Consultant.

In this role you will support the business by providing expertise on complex benefit structures, manual calculations and being an SME on all ongoing and new schemes that come into our in-house Client Services team.

You will also effectively manage all aspects of claims work and help to deliver excellent customer outcomes for our members. As well as being technically savvy, you will also need to be a strong communicator, who is able to tailor their communication and simplify very complex information to ensure that it is appropriate for the intended audience.

This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our central Glasgow office to help you achieve a work-life balance that works for you.

What you'll be doing:

  • Taking a leading role in the team for checking individual Defined Benefits quotations, design & issue of non-standard communication to both members and 3rd party intermediaries
  • Working with Team Manager to ensure that an efficient administration and claims service is provided to individual scheme members, Trustees, and intermediaries in line with service level agreements
  • Facilitating and leading the operation of additional activities (Valuation and data updates, Bulk transfers, WULS, etc) and liaise with other teams across Client Services, PRT
  • Leading projects to enhance and improve processes and proactively engage in new initiatives as a result of change of legislation and/or system developments
  • Taking responsibility to develop robust and reusable solutions that meet quality control, version control and auditing standards for new and existing customers. Work with IT partners to ensure that technical solutions are fully specified, built to specification tested and rolled out for use in a timely manner
  • Analysing feedback to ensure that customers’ reasonable expectations of performance and service are met and provide information of identified failings and changes made
  • Supporting the ongoing development of the wider team by providing the appropriate support and training to less experienced members of the team 

 

Qualifications

 

Who we're looking for:

  • Substantial Defined Benefit pensions experience
  • Strong numeracy skills, comfortable working in a numbers based role Proven ability to deliver solutions to technical and business problems
  • Has a knowledge of the following legislation and remains compliant: - GDPR, Money Laundering, Complaints, The Consumer Duty, Breach guidelines
  • Excellent customer service skills
  • Experience supporting and training team members
  • Strong written and oral communication skills 

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: 

  • The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes  
  • Generous pension contribution  
  • Life assurance   
  • Private medical insurance
  • 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 
  • There are the many discounts we offer – both for our own products and at a range of high street stores and online   
  • 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

 

 

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive 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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. 

Great news! We will let you know when a new job like this has been added!

VideoUrl

https://youtu.be/8ZYGBwImH08

Similar roles

List #1

Our latest posts

actuary at L&G standing and presenting a meeting
Your career as an Actuary at L&G: Progression, purpose and possibilities

Teaser

Finance & Actuary

Content Type

Blog

Publish date

09/09/2025

Summary

Becoming an actuary is a journey that blends technical expertise with meaningful impact, and at L&G (Legal & General), that journey comes with the guidance, support, and opportunities you need to

Teaser

Learn how you can step into roles that shape the future of pensions, life insurance, and investments.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of underwriter in a meeting virtually looking at computer
Top skills for underwriters at L&G in 2025 and beyond

Teaser

Investments

Content Type

Blog

Publish date

09/09/2025

Summary

Underwriting is at a pivotal moment. As technology transforms risk assessment, data analytics drives decision-making, and regulatory landscapes evolve, underwriters need a broader set of skills t

Teaser

Success in 2025 relies on a combination of technical expertise, digital fluency, and strong interpersonal skills that enable strategic decision-making.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of L&G summer interns
My L&G summer internship: What it’s like to start your career here

Teaser

Future Talent

Content Type

Blog

Publish date

08/15/2025

Summary

At L&G, our summer internship programme brings together students from a wide range of backgrounds, disciplines and aspirations.  We spoke with several of our 2025 summer interns to find out wh

Teaser

We spoke with several of our 2025 summer interns to find out what their experience has really been like, from day one to what they’re looking forward to most.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of IT professionals sitting around a desk in a meeting
IT jobs in London: How L&G is shaping the future of financial technology

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

07/23/2025

Summary

London has long been a global centre for innovation, and when it comes to financial technology, it’s one of the most exciting places to build a career in IT.  As demand for digital skills cont

Teaser

As demand for digital skills continues to rise, tech professionals play a key role in shaping the future of how we interact with finance, data, and security.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of idrees
Pride Month 2025: Why visibility and inclusion matter more than ever at L&G

Teaser

General

Content Type

Blog

Publish date

06/26/2025

Summary

At L&G, we know Pride is more than a single month in the calendar; it’s a mindset we carry year-round. Our theme for this year, ‘Committing together, united in pride’, reminds us that progress is

Teaser

At L&G, we know Pride is more than a single month in the calendar; it’s a mindset we carry year-round.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

early careers professionals smiling sitting at table
Kickstart your career journey with L&G’s early careers programmes

Teaser

Future Talent

Content Type

Blog

Publish date

06/19/2025

Summary

Starting your career journey is an exciting milestone, and finding the right opportunities to develop your skills and gain valuable experience is essential.  At Legal & General (L&G), we are prou

Teaser

Our early careers programmes are designed to support individuals at various stages of their professional development.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of finance professional showcasing results to their team
Top skills for finance jobs at L&G in 2025 and beyond

Teaser

Finance & Actuary

Content Type

Blog

Publish date

06/19/2025

Summary

The finance sector is transforming faster than ever, with new technologies, complex regulations, and evolving business models shaping the way organisations operate. At Legal & General (L&G), t

Teaser

This blog explores the key finance skills that will define success in 2025 and beyond, skills that combine technical expertise and effective leadership.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

tax professionals sitting on table having a meeting
Careers in tax at L&G

Teaser

Finance & Actuary

Content Type

Blog

Publish date

06/04/2025

Summary

Tax careers at Legal & General (L&G) are about influence, integrity, and impact. As one of the UK’s leading financial services companies, we rely on our tax professionals to help shape strategic

Teaser

Explore the different types of tax jobs at L&G and the skills that set our people apart.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of london skyline with people walking past
Looking for jobs in London? Here's why L&G should be at the top of your list

Teaser

General

Content Type

Blog

Publish date

05/29/2025

Summary

London has long been a magnet for ambition, a global city where industries evolve, opportunities multiply, and careers are built.  There’s something for everyone, from experienced professio

Teaser

With a strong presence in the city and a reputation for purpose-led innovation, L&G offers a wide range of roles that align personal ambition with real-world impact.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of customer service people on phone smiling
Careers in customer service at L&G

Teaser

Customer Service & Sales

Content Type

Blog

Publish date

05/29/2025

Summary

At Legal & General (L&G), customer satisfaction is our top priority. It’s more than answering questions. It’s about making a real difference in people’s lives.  From the Pensions Helpline to Grou

Teaser

Discover how these roles offer the chance to grow a fulfilling career while making a genuine contribution to customers and communities alike.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

View all

Job search

What we do?

There’s so much more to us than meets the eye. We’re insurers, investors, builders, city-regenerators and green technology champions.

And whatever the future holds, our people’s knowledge, skill and passion will mean we’re placed to make a real difference to society.

Click here to join us
Search for jobs