Payroll Services Consultant

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Asset Management 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.

We’re recruiting for 2 payroll consultants to join our team in Hove, you will be completing the smooth transition of pensioner payroll to L&G from the previous payers, payroll alterations and Buy-In payment reconciliations ensuring accuracy and timeliness. This is an excellent opportunity to get into the financial sector, we are keen to speak to junior, entry level graduates with a maths background, we can provide the training!

• Loading immediate annuitant schemes and amendments on to the pensioner periodic payment system via the mainframe or P60 as appropriate
• Managing buy-in payments including those loaded to ALPS and those calculated on spreadsheets making sure all payments and true up calculations are completed accurately and within the agreed timescales
• Providing ongoing support to brokers, scheme Trustees and individual members for small, simple schemes & understanding the end-to-end journey of a Defined Benefit Pension Risk scheme by gaining a holistic view across the wider team
• Ensuring that benefits loaded to systems and buy in payments made match those detailed in the benefit specification
• Supporting in the testing and documenting of all processes to ensure that all are appropriate and consistent
• Ensuring all internal customers and any relevant third parties are kept updated in a timely fashion
• Learning and then manage a Buy In scheme in line with the Benefit Specification, to ensure that we meet our customers’ needs
• Supporting the management of buy-in payments, including those loaded to appropriate internal system and those calculated on spreadsheets, making sure all payments and true up calculations are completed accurately and within the agreed timescales to ensure that Trustees have the required funds to make payments to the customers

Who we’re looking for:

We are looking for a recent maths graduate (university or college) looking for their first role in financial services, pay roll, HR or pensions.

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:

• Degree/college educated, with a focus on maths/numerical topics
• Basic Excel experience
• Payroll experience
• Previous experience in pensions, or keenness to do so.
• Effective communication skills, both written & verbal
• Ability to work to tight deadlines under pressure, whilst maintaining a high degree of diligence and accuracy
• Proactive and self-motivated with a positive attitude work or escalate if necessary

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 discussing 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.