Defined Benefit Pensions - Senior Calculations Consultant

Company Description

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 Institutional Retirement looks after around 700,000 institutional 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.

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

Due to continued growth in our award-winning Pension Risk Transfer business we are seeking a number of dedicated and knowledgeable Senior Calculations Consultants to join our PRT Client Services function.

As a Senior Calculations Consultant your main responsibility will be calculating individual Defined Benefits quotations (from a variety of schemes) which is pivotal in ensuring the smooth administration and ongoing management of our Defined Benefit Pension schemes.

This role would be ideal for someone with significant pensions administration experience who enjoys technical, often complex work and has demonstrable experience of working with DB Pension schemes.

This is a hybrid working opportunity which means you can split your working week between your home and our Glasgow offices to find a work / life balance that works for you.

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 being produced, and that sufficient quality checks are being administered before these are issued
• Providing an 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
• Effectively 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 that focus on providing great customer outcomes

Qualifications

Who we\'re looking for :

Benefits

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.

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