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- Tasks: Join our team to manage pensioner payroll transitions and ensure accurate payments.
- Company: Legal & General is a top UK financial services group with a global investment presence.
- Benefits: Enjoy a supportive culture, training opportunities, and flexible working arrangements.
- Why this job: Kickstart your finance career in a respected company focused on responsible investment and societal impact.
- Qualifications: Recent maths graduates or those with relevant experience are encouraged to apply.
- Other info: Named Britain’s Most Admired Company in 2023, we value diversity and integrity.
The predicted salary is between 28800 - 43200 £ per year.
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.
We’re recruiting for 2 payroll consultants to join our team in Hove. You will be completing the smooth transition of pensioner payroll to L&G from the previous payers, payroll alterations and Buy-In payment reconciliations ensuring accuracy and timeliness. This is an excellent opportunity to get into the financial sector; we are keen to speak to junior, entry level graduates with a maths background, and we can provide the training!
- Loading immediate annuitant schemes and amendments on to the pensioner periodic payment system via the mainframe or P60 as appropriate.
- Managing buy-in payments including those loaded to ALPS and those calculated on spreadsheets, making sure all payments and true up calculations are completed accurately and within the agreed timescales.
- Providing ongoing support to brokers, scheme Trustees and individual members for small, simple schemes & understanding the end-to-end journey of a Defined Benefit Pension Risk scheme by gaining a holistic view across the wider team.
- Ensuring that benefits loaded to systems and buy in payments made match those detailed in the benefit specification.
- Supporting in the testing and documenting of all processes to ensure that all are appropriate and consistent.
- Ensuring all internal customers and any relevant third parties are kept updated in a timely fashion.
- Learning and then managing a Buy In scheme in line with the Benefit Specification, to ensure that we meet our customers’ needs.
- Supporting the management of buy-in payments, including those loaded to appropriate internal systems and those calculated on spreadsheets, making sure all payments and true up calculations are completed accurately and within the agreed timescales to ensure that Trustees have the required funds to make payments to the customers.
Qualifications
We are looking for a recent maths graduate (university or college) looking for their first role in financial services, payroll, HR or pensions. Here are some of the benefits we offer:
- Degree/college educated, with a focus on maths/numerical topics.
- Basic Excel experience.
- Payroll experience.
- Previous experience in pensions, or keenness to do so.
- Effective communication skills, both written & verbal.
- Ability to work to tight deadlines under pressure, whilst maintaining a high degree of diligence and accuracy.
- Proactive and self-motivated with a positive attitude.
Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone. If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences.
Payroll Services Consultant employer: Legal & General
Contact Detail:
Legal & General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payroll Services Consultant
✨Tip Number 1
Familiarise yourself with the basics of payroll systems and processes. Understanding how pensioner payroll transitions work will give you a solid foundation to discuss during interviews.
✨Tip Number 2
Brush up on your Excel skills, as they are crucial for managing buy-in payments and calculations. Consider taking a short online course or tutorial to enhance your proficiency.
✨Tip Number 3
Network with professionals in the financial services sector, especially those working in payroll or pensions. Attend relevant events or join online forums to gain insights and make valuable connections.
✨Tip Number 4
Prepare to demonstrate your communication skills during the interview. Be ready to discuss how you would support brokers and Trustees, showcasing your ability to convey complex information clearly.
We think you need these skills to ace Payroll Services Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your maths background and any relevant experience in payroll, HR, or pensions. Use specific examples to demonstrate your skills and how they relate to the role.
Craft a Strong Cover Letter: Write a cover letter that showcases your enthusiasm for the financial services sector and your eagerness to learn. Mention why you are interested in Legal & General specifically and how you align with their values.
Highlight Relevant Skills: Emphasise your effective communication skills and ability to work under pressure. Provide examples of situations where you've demonstrated diligence and accuracy, especially in numerical tasks.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, as well as ensuring that all information is clear and concise.
How to prepare for a job interview at Legal & General
✨Showcase Your Maths Skills
As a Payroll Services Consultant, a strong maths background is essential. Be prepared to discuss your academic achievements and any relevant projects or coursework that demonstrate your numerical proficiency.
✨Familiarise Yourself with Payroll Processes
Even if you lack direct payroll experience, showing an understanding of payroll processes and terminology can set you apart. Research common payroll systems and practices, especially those related to pensions and annuities.
✨Demonstrate Effective Communication
Effective communication is key in this role. Prepare examples of how you've successfully communicated complex information in the past, whether in writing or verbally, to show you can support brokers and trustees effectively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities under pressure. Think of scenarios where you had to meet tight deadlines or manage multiple tasks, and be ready to explain how you handled them while maintaining accuracy.
