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- Tasks: Lead the Onboarding Calculations Team and ensure accurate pension data management.
- Company: Join Legal & General, a top UK financial services group with a rich history since 1836.
- Benefits: Enjoy hybrid working, generous holidays, healthcare plans, and performance bonuses.
- Why this job: Make a real impact on customers' financial security while developing your career in a supportive environment.
- Qualifications: Pension qualifications or equivalent experience in defined benefit schemes required.
- Other info: Flexible working options available; we value outcomes over attendance.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Defined Benefit Pensions – Calculations Manager
Defined Benefit Pensions – Calculations Manager
3 days ago Be among the first 25 applicants
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.
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
We are seeking a skilled and experienced Technical Manager to join the Onboarding Calculations Team within our Pension Risk Transfer (PRT) Client Services function.
This role is essential in maintaining scheme data, administering and updating individual member records, and handling customer claims efficiently and empathetically. If you have a strong background in Defined Benefit pension schemes and enjoy leading projects and initiatives, we would love to hear from you.
This is a hybrid working opportunity which means you can split your working week between your home and our Hove offices to find a work/life balance that works for you.
What you\’ll be doing:
- Providing technical oversight to the work done by the Onboarding Calculations Team
- Checking individual Defined Benefits quotations and issuing communications
- Leading and supporting projects to enhance and improve our processes
- Acting as a Subject Matter Expert for the team, and providing technical support as required
- Supporting Team Managers with the ongoing development and coaching of the wider team
- Producing and analysing regular MI to ensure the quality of our customer outcomes
- Working closely with other internal teams to optimise the delivery of operational outcomes
- Facilitating the operation of any additional activities (as required)
Qualifications
Who we\’re looking for:
- Pension qualification such as CII or PMI or equivalent demonstrable experience
- Detailed understanding of defined benefit pension schemes and regulations
- Extensive experience with manual individual quotations and complex DB benefit structures
- Proven ability to deliver solutions to technical and business problems
- Strong customer and client focus with excellent relationship management skills
- Ability to manage tight timescales and prioritise work effectively
- Excellent communication skills and ability to support team development
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
- 27 days holiday, plus public holidays. 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
- There are the many discounts we offer – both for our own products and at a range of high street stores and online
- In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
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.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance
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Defined Benefit Pensions - Calculations Manager employer: Legal & General
Contact Detail:
Legal & General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Defined Benefit Pensions - Calculations Manager
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in defined benefit pension schemes. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in this ever-evolving field.
✨Tip Number 2
Network with professionals in the pensions industry, especially those who work at Legal & General or similar companies. Attend relevant events or join online forums to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to discuss specific projects or initiatives you've led in previous roles that relate to pension calculations or client services. Highlighting your leadership skills and technical expertise will set you apart from other candidates.
✨Tip Number 4
Showcase your customer service skills by preparing examples of how you've effectively managed client relationships in the past. This role requires a strong focus on customer outcomes, so demonstrating your ability to empathise and communicate well is crucial.
We think you need these skills to ace Defined Benefit Pensions - Calculations Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with Defined Benefit pension schemes and any relevant qualifications like CII or PMI. Use specific examples to demonstrate your technical skills and project leadership.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Mention how your background aligns with the responsibilities of the Calculations Manager position and how you can contribute to improving processes.
Highlight Relevant Experience: When detailing your work history, focus on your experience with manual individual quotations and complex DB benefit structures. Emphasise your ability to deliver solutions to technical problems and your customer-focused approach.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Legal & General
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of what a Defined Benefit Pensions - Calculations Manager does. Familiarise yourself with the key responsibilities, such as providing technical oversight and leading projects. This will help you articulate how your experience aligns with the role.
✨Showcase Your Technical Expertise
As this role requires a detailed understanding of defined benefit pension schemes, be prepared to discuss your technical qualifications and experiences. Highlight specific examples where you've successfully managed complex DB benefit structures or resolved technical issues.
✨Demonstrate Strong Communication Skills
Effective communication is crucial in this position. Be ready to provide examples of how you've communicated complex information to clients or team members in the past. This will show that you can support team development and manage client relationships effectively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and how you handle tight deadlines. Prepare scenarios from your previous roles where you successfully prioritised tasks or led a project under pressure, showcasing your ability to deliver solutions.
