JUMP TO CONTENT

Pensions Calculation Manager - Defined Benefit

  1. Hove
  2. Full-time
  3. Actuary

__jobinformationwidget.freetext.ExternalReference__

2559_13732

__jobinformationwidget.freetext.SalaryText__

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 Technical Calculation Manager.

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 idyllic Hove 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

image of finance professional at L&G
Jobs in financial services that don’t require a finance background at L&G

Teaser

Finance & Actuary

Content Type

Blog

Publish date

05/06/2026

Summary

There’s a common assumption that jobs in financial services are only for people with finance degrees. That you need a specific background, a set career path and a strong focus on numbers to even

Teaser

If you’ve ever ruled yourself out of financial services careers in the UK because your experience doesn’t “fit”, it might be time to take another look.

Read more
Spring Start: a female-focused insight programme at L&G

Teaser

Future Talent

Content Type

Blog

Publish date

04/29/2026

Summary

A two day experience for female undergraduates In early April, we welcomed a group of first year undergraduates to our London office for Spring Start, a two day insight programme. Now i

Teaser

A closer look at Spring Start 2026

Read more

by

Alys Walton

by

Alys Walton

Two women at a desk on a laptop in a work meeting in the office with a big screen behind them.
Can actuaries be replaced by AI?

Teaser

Finance & Actuary

Content Type

Blog

Publish date

04/07/2026

Summary

In a world shaped by rapid advances in artificial intelligence, automation, and machine learning, many professionals are asking the same question: will my role still exist in the future? Actuarial s

Teaser

Discover the evolving role of actuaries in the age of AI and explore exciting career opportunities at Legal & General.

Read more
image of medical underwriter
Behind the scenes: Life as a Medical Underwriter at L&G

Teaser

Finance & Actuary

Content Type

Blog

Publish date

04/02/2026

Summary

If you’re curious, analytical and enjoy structured decision-making, medical underwriter jobs at L&G offer a rewarding career path. Life medical underwriters play a vital role in supporting our R

Teaser

We spoke to Georgia, a Life Medical Underwriter based in Cardiff with seven years’ experience at L&G, to learn more about the role.

Read more

by

Alys Walton

by

Alys Walton

image of george
A day in the life of a Claims Assessor at L&G: Hear from George

Teaser

Customer Service & Sales

Content Type

Blog

Publish date

03/31/2026

Summary

If you’re searching for claims assessor jobs in the UK or wondering how to become a claims assessor, it’s not always clear what the role really involves day to day. At L&G, being a Claims As

Teaser

What does a Claims Assessor in Group Income Protection do day to day?

Read more

by

Alys Walton

by

Alys Walton

image of L&G claims assessor
Why choose a claims assessor job at L&G? Skills, pathways and development

Teaser

Customer Service & Sales

Content Type

Blog

Publish date

03/23/2026

Summary

A claims assessor job isn’t about ticking boxes or moving paperwork from one system to another. It’s about judgement. It’s about responsibility. And most importantly, it’s about people. At L&G,

Teaser

If you’re exploring a career as a claims assessor, here’s what the role really involves, and why L&G offers more than just a job title.

Read more
Apprentices
Apprenticeships: Building skills for life at L&G

Teaser

Future Talent

Content Type

Blog

Publish date

02/04/2026

Summary

Every apprentice arrives at L&G with different expectations and ambitions, but many describe a similar experience once they join. From day one, they’re  putting theory into practice, building confi

Teaser

Find out what our apprentices think about life at L&G

Read more

by

Karen Maynard

by

Karen Maynard

two finance professionals at L&G
Why finance-specific data roles are a smart move for Data Analysts in 2026

Teaser

Finance & Actuary

Content Type

Blog

Publish date

02/02/2026

Summary

Data Analysts are in high demand, but not all roles are created equal. If you want your work to have real impact, influencing business strategy, shaping financial decisions, and helping people

Teaser

At L&G, our analysts work at the intersection of data and finance, using cutting-edge tools to solve meaningful problems that touch millions of lives.

Read more
image of edinburgh town buildings
Shape the future with L&G: Jobs in Edinburgh for ambitious professionals

Teaser

General

Content Type

Blog

Publish date

02/02/2026

Summary

At Legal & General (L&G), our Edinburgh office is where talented teams come together to combine data, insight, and purpose.  Edinburgh is more than a workplace; it’s a city of ideas, history, a

Teaser

Edinburgh is a city of ideas, history, and opportunity. It offers the perfect backdrop for a career where your skills and ambition can flourish.

Read more
image of L&G colleagues at Brighton office sitting on sofas with laptops
Grow your career by the sea: Top jobs in Brighton and Hove at L&G

Teaser

General

Content Type

Blog

Publish date

02/02/2026

Summary

Looking for a career that offers more than just a commute? Brighton and Hove brings together coastal living, a vibrant community, and exciting professional opportunities, and it’s where many peop

Teaser

This is a place to develop your skills, feel valued for who you are, and build a career you can be proud of, all in a location that inspires you every day.

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