Defined Benefit Pensions - Senior Calculations 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 asset origination capabilities that underpin our retirement and protection solutions, including pension risk transfer, UK and US life insurance, and UK workplace pensions and retirement income. L&G Institutional Retirement looks after around 700,000 institutional customers with retirement benefits secured with us. Our Institute Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit schemes, and reinsurance from our hub in Bermuda. We work with companies, DB pension schemes and their advisors to secure and protect scheme members’ retirement benefits.
Joining us means you’ll support customers’ financial security in retirement; help companies settle their pension liabilities and focus on growing their business; and enable investment for the long term to back our pension promises.
This is a hybrid working opportunity allowing you to split your week between home and our Glasgow offices.
What you’ll be doing
* Taking a leading role in the calculation of Defined Benefits quotations and designing & issuing any non-standard communications to scheme members
* Ensuring that accurate benefit calculations are produced, with sufficient quality checks before issuance
* Providing efficient administration and claims services to scheme members, Trustees, and intermediaries
* Keeping up to date with current pensions legislation and acting as an SME/technical expert for the team
* Facilitating additional activities such as valuations, data updates, and bulk transfers as required
* Managing the end-to-end onboarding process of new DB Pension schemes coming into L&G
* Keeping internal customers and any relevant third parties updated with key information
* Designing and implementing training regimes focused on providing great customer outcomes
Qualifications
* Pension qualification such as CII or PMI, or demonstrable equivalent experience in DB Pensions
* Strong understanding of Defined Benefit Pension schemes and related legislation
* Strong customer orientation and ability to maintain effective relationships with internal and external customers
* Ability to manage tight timescales and prioritise workloads to meet deadlines
* Effective written and verbal communication skills, with ability to influence stakeholders
* Willingness to take ownership of issues/queries and work toward fair outcomes for customers
* Ability to work collaboratively in a fast-paced, evolving team
* Strong judgment and analytical skills
Benefits
* Annual performance bonus plan and valuable share schemes
* Generous pension contribution
* Life assurance
* Healthcare plan
* Minimum 25 days holiday, plus public holidays; 26 days after 2 years’ service; option to buy/sell holiday
* Competitive family leave
* Electric car salary sacrifice scheme
* Employee discounts on products and services
* Modern, well-being focused offices with collaboration spaces
Additional Information
At L&G, we believe it’s possible to generate positive returns today while helping to build a better future. We value a welcoming, inclusive culture with opportunities to collaborate with people from diverse backgrounds and experiences. We support flexible working options where possible.
We’re open to discussion about flexible working arrangements and encourage applicants to consider what they excel at and how they can contribute.
Seniority level
* Not Applicable
Employment type
* Full-time
Job function
* Administrative
Glasgow, Scotland, United Kingdom
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