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 business is the UK’s longest-serving active bulk annuity provider.
Who we are
Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.
Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.
Job Description
Are you experienced in Defined Benefit pensions and confident working with scheme calculations, member records and customer claims? This could be a great opportunity to use your technical knowledge in a role where accuracy, care and customer outcomes really matter.
As an Onboarding Calculations Consultant, you’ll support the maintenance of scheme data, administer and update individual member records, and complete manual calculations for ongoing and new schemes moving into Client Services. You’ll be part of the Onboarding Calculations Team, helping ensure members and intermediaries receive clear, accurate and timely support.
What you'll be doing:
- Providing an efficient administration and claims service to scheme members and intermediaries
- Completing manual calculations for Defined Benefit Pension Schemes
- Calculating individual Defined Benefit quotations accurately
- Drafting clear and concise communications for members and third-party intermediaries
- Checking and authorising Defined Benefit claim payments
- Setting up and maintaining scheme records, investigating anomalies and taking action
- Acting as a technical point of contact for queries, sensitive schemes and priority work
- Following standard operating procedures and keeping a clear audit trail
Who we're looking for:
- Understanding of Defined Benefit pension schemes
- Knowledge of how Defined Benefit benefits are structured and administered
- Experience completing or supporting manual pension calculations
- Ability to manage tight timescales and prioritise work effectively
- Confidence escalating issues, risks or blockers when needed
- Awareness of GDPR, Money Laundering, Complaints and Consumer Duty requirements
- Strong customer focus and the ability to build positive working relationships
- Pension qualification such as CII or PMI, or demonstrable equivalent experience
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
- Healthcare Plan (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 (permanent employees only)
- There are many discounts we offer – both for our own products and at a range of high street stores and online
- We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience
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 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.
