JUMP TO CONTENT

Pensions Calculation Consultant

  1. Hove
  2. Full-time
  3. Defined Benefits

__jobinformationwidget.freetext.ExternalReference__

1365_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

Are you a fully qualified or part qualified actuary or someone with extensive experience of defined benefits pension administration? Are you looking for a new challenge to work in one of the fasted growing pension sectors and working with some of the largest pension risk transfer transactions?

We’re seeking a motivated and technically competent individual to join our growing business. To make an impact in this role, you will be self-motivated and eager to improve member outcomes. You will have an ability to absorb information and learn. This will be balanced with the ability to effectively communicate to a wide range of stakeholders. Your verbal and written communications will be tailored to suit the needs of the audience, and you will be a critical part of our Onboarding team supporting our new business.

We are looking for someone with Defined Benefit Pension scheme expertise to manage all aspects of claims work and deliver excellent customer outcomes.. 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 coming into our in-house Client Services team.

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

 

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 (permanent employees only) 
  • 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

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.

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

image of hafsah
Hafsah’s journey through L&G’s finance graduate scheme

Teaser

Future Talent

Content Type

Blog

Publish date

10/14/2024

Summary

At Legal & General, we’re passionate about nurturing talent and empowering the next generation of finance professionals.  We recently caught up with Hafsah, one of our Finance Graduate Programme

Teaser

We recently caught up with Hafsah, one of our Finance Graduate Programme participants, who just completed her first year with us.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of jennifer
Empowering engineers: leadership lessons from L&G’s engineering team

Teaser

Our people

Content Type

Blog

Publish date

10/14/2024

Summary

At Legal & General, we believe that great leadership is about more than just delivering results - it's about nurturing teams, fostering diversity, and driving innovation.  We sat down with one o

Teaser

We sat down with one of our engineering leaders, Jennifer, to explore what inspired their career in engineering.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of jesal from defined contributions
Jesal Mistry’s career journey in Defined Contribution

Teaser

Customer Service & Sales

Content Type

Blog

Publish date

09/25/2024

Summary

At Legal & General, we take pride in our talented professionals who are dedicated to making a difference in the world of pensions and investments.  Take Jesal, a leader in Defined Contribution (D

Teaser

Jesal shares insights into his DC career journey.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of claire hazle smiling
Championing women and neurodiversity in tech leadership: Claire Hazle's role at L&G

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

09/18/2024

Summary

At Legal & General, we are committed to fostering an inclusive environment where diversity thrives and leadership positions are accessible to people from all backgrounds.  Claire Hazle, our interim

Teaser

Join us as Claire shares her experiences and insights on championing women and neurodiverse individuals in the tech space.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

image of christie smiling
Navigating my career as an Actuary: A Conversation with Christie McKenna

Teaser

Finance & Actuary

Content Type

Blog

Publish date

09/17/2024

Summary

Navigating the intricate world of finance as an actuary requires a blend of analytical abilities, communication skills and adaptability. At Legal & General, these qualities are not just recognised

Teaser

Christie shares insights into his day-to-day responsibilities, the rewarding aspects of his role, and what it takes to succeed as an Actuary at Legal & General.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

legal and general customer service rep smiling at computer
Key skills needed in a Customer Service Team

Teaser

Customer Service & Sales

Content Type

Blog

Publish date

08/28/2024

Summary

Good customer service is such a big factor in customer retention. It makes our Customer Service Team a very important and vital part of our business. On average, 65% of customers have reported chan

Teaser

Let’s explore the key customer service skills and strengths needed to be successful at Legal & General.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

man smiling sitting at desk in suit and tie
Careers in Asset Management at Legal & General

Teaser

Investments

Content Type

Blog

Publish date

08/09/2024

Summary

Did you know that the global asset management industry manages over $100 trillion in assets? This staggering figure highlights the immense opportunities within this field globally. We are one of Eu

Teaser

Did you know that the global asset management industry manages over $100 trillion in assets? Learn about careers in asset management today.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

A woman with red hair and a floral top on a laptop in a colourful office
Core skills for established Data Analysts

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

07/12/2024

Summary

We all live in a data-driven world, where businesses generate approximately 328.77 million terabytes of data every day. This is a huge amount of data that can be really overwhelming for any busi

Teaser

In a world where businesses generate over 328 million terabytes of data daily, mastering data analysis skills is crucial to transforming overwhelming raw data into valuable insights that drive vital business decisions.

Read more
Photo of a headshot of Bindu, a women in a black and white outfit smiling in a garden
Women in data: Bindu Bakrania's career journey as Head of Data & Analytics, Private Markets

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

07/10/2024

Summary

At Legal & General, we like to share our employees' stories and celebrate their success. Bindu Bakrania has been with us since April 2023 and has achieved immense growth in her career in data analy

Teaser

Discover Bindu Bakrania's inspiring journey of growth in data analytics at Legal & General, and learn how her passion for data and dedication to overcoming challenges have led her to success.

Read more
Photo of Gemma, in the woods, holding her pet dog and smiling while taking a selfie.
From fashion to finance: Gemma's journey of career growth and personal development

Teaser

Our people

Content Type

Blog

Publish date

06/27/2024

Summary

At Legal and General, we see the potential in you. If you do not have a strong background in financial services and have worked as an Analyst in other industries, for example, those skills are tra

Teaser

Gemma's remarkable journey at Legal & General showcases the transformative power of a supportive and inclusive workplace.

Read more
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