Defined Benefits - 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. These underpin our retirement and protection solutions: we are an international player in pension risk transfer, UK and US life insurance, and UK workplace pensions and retirement income.

L&G Institutional Retirement manages around 700,000 institutional customers' retirement benefits. Operating in the UK since 1987, it is the UK's longest-running insurer.

Our division offers pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from Bermuda. We collaborate with companies, DB pension schemes, and advisors to secure and protect scheme members' retirement benefits.

Joining us means supporting customers' financial security in retirement, helping companies settle pension liabilities, and enabling long-term investment to back our pension promises.

Job Description

Due to growth in our Pension Risk Transfer business, we seek dedicated Senior Calculations Consultants for our PRT Client Services team.

Your main responsibility will be calculating individual Defined Benefits quotations for various schemes, essential for the administration and management of our DB Pension schemes.

This role suits someone with significant pensions administration experience, enjoys technical work, and has worked with DB Pension schemes.

This is a hybrid role, allowing you to work part-time from home and part-time at our Hove offices.

• Leading in calculating DB quotations and designing non-standard communications to scheme members
• Ensuring accurate benefit calculations with quality checks before issuance
• Providing administration and claims services to scheme members, Trustees, and intermediaries
• Staying updated on pensions legislation and acting as a technical SME
• Facilitating valuations, data updates, and bulk transfers as needed
• Managing onboarding of new DB schemes
• Updating internal teams and third parties with key information
• Designing training programs to enhance customer outcomes

Qualifications

• Pension qualification (CII, PMI) or equivalent experience in DB Pensions
• Strong understanding of DB schemes and legislation
• Customer-focused with good relationship skills
• Ability to manage deadlines and prioritize tasks
• Effective communication skills
• Ownership mindset for issues and queries
• Team player in a fast-paced environment
• Strong analytical skills

Benefits

• Performance-based bonus and share schemes
• Generous pension contributions
• Life assurance and healthcare
• Minimum 25 days holiday plus public holidays, with options to buy/sell
• Family leave, electric car scheme, discounts
• Modern office spaces focused on wellbeing

Additional Information

We foster an inclusive culture, support flexible working, and value diverse backgrounds. We care about outcomes over attendance and are open to flexible arrangements where feasible.

Don't worry if you don't meet every criterion—consider your strengths and potential contributions.