At a Glance
- Tasks: Translate complex pension rules into clear system specifications and support system improvements.
- Company: Join Legal & General, a leading UK financial services group with a focus on innovation.
- Benefits: Enjoy competitive pay, generous holidays, healthcare, and a chance to earn bonuses.
- Other info: Be part of a diverse team committed to building a better future.
- Why this job: Make a real impact in pensions while enjoying flexible hybrid working.
- Qualifications: Actuarial knowledge or experience with defined benefit pensions is essential.
The predicted salary is between 50000 - 60000 £ 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
We’re looking for a Defined Benefit - Technical Services Manager to join our Award-Winning Pension Risk Transfer business. In this role you will support the development and ongoing improvement of our key in-house systems for pensions administration, retirement calculations and payments. This is a great opportunity for someone who enjoys the detail of defined benefit pensions, actuarial calculations and systems development. You do not need to be a hands-on developer, but you will need to be comfortable working close to system design, calculation specifications and technical delivery teams. You’ll be tasked with helping translate complex pension scheme benefits into clear, robust logic that developers can build from, while working with actuarial, technology and client services colleagues to make sure our systems are accurate, secure and fit for purpose.
This is a hybrid working opportunity, which will allow you to work flexibly between your home and the office, to help you find a work-life balance that works for you.
What you'll be doing:
- Translating defined benefit pension scheme rules into detailed system and calculation specifications
- Supporting the development and release of changes to integrated calculation systems, applications and supporting services
- Working with developers and technical partners to explain calculation logic and expected system behaviours
- Reviewing system outputs and testing results to make sure calculations are accurate and fit for purpose
- Applying actuarial judgement to complex pensions, systems and testing queries
- Collaborating with stakeholders across Institutional Retirement, Group IT and operational teams
- Identifying opportunities to improve processes, controls, documentation and customer outcomes
- Supporting operational readiness for system changes, releases and wider business needs
Who we're looking for:
- Qualified actuary or strong actuarial systems/development experience
- Strong knowledge of defined benefit pensions, including scheme benefits and calculation rules
- Experience interpreting pension scheme requirements and turning them into clear technical or calculation specifications
- Confidence working with complex integrated systems, including calculation engines, databases, web-based applications and connected services
- Strong analytical judgement, attention to detail and problem-solving ability
- Ability to work autonomously while collaborating well with technical and non-technical stakeholders
- Understanding of testing, change delivery, Agile, Lean or business analysis principles
- Familiarity with Java, SQL or similar languages would be advantageous although hands-on development experience is not required
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 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.
Defined Benefit - Technical Services Manager in Hove employer: Legal & General group
Legal & General is an exceptional employer, offering a dynamic work environment that prioritises employee wellbeing and professional growth. With a strong commitment to inclusivity and sustainability, employees benefit from generous holiday allowances, performance-related bonuses, and opportunities for flexible working arrangements. Joining L&G means being part of a forward-thinking team dedicated to making impactful decisions that shape the future of financial services.
StudySmarter Expert Advice🤫
We think this is how you could land Defined Benefit - Technical Services Manager in Hove
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Legal & General group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Defined Benefit - Technical Services Manager in Hove
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Legal & General group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Legal & General group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Legal & General group
✨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 Legal & General group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Legal & General group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Legal & General group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
