At a Glance
- Tasks: Support pension scheme data, manage member records, and perform accurate calculations.
- Company: Join Legal & General, a leading UK financial services group with a rich history.
- Benefits: Enjoy competitive pay, generous holidays, healthcare, and performance bonuses.
- Other info: Flexible working options and a commitment to sustainability in the workplace.
- Why this job: Make a real difference in people's financial futures while developing your skills.
- Qualifications: Experience with Defined Benefit pensions and strong customer focus required.
The predicted salary is between 49500 - 60500 £ per year.
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.
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.
Onboarding Calculations Consultant in Hove employer: Banner Life Family of Companies
As a Senior Data Analyst at our company, you'll be part of a dynamic team that values data-driven decision-making and fosters a culture of collaboration and continuous improvement. We offer competitive benefits including performance-related bonuses, generous holiday allowances, and a commitment to sustainability, all within a supportive environment that encourages professional growth and upskilling. Join us in our modern offices designed to enhance your work experience while contributing to meaningful projects in the pension sector.
Contact Details:
Banner Life Family of Companies Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Onboarding Calculations Consultant in Hove
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We think you need these skills to ace Onboarding Calculations Consultant in Hove
Some tips for your application 🫡
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How to prepare for a job interview at Banner Life Family of Companies
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Banner Life Family of Companies.
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