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- Tasks: Lead the Onboarding Calculations Team and manage Defined Benefit pension schemes.
- 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 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK\’s leading over-50s age inclusive jobs board.
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. 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.
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Defined Benefit Pensions - Calculations Manager employer: LegalAndGeneral
Contact Detail:
LegalAndGeneral 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 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 provide insights or referrals for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've led projects or improved processes in previous roles. Highlighting your leadership skills and problem-solving abilities will be crucial in showcasing your fit for the Technical Manager position.
✨Tip Number 4
Research Legal & General's values and culture to align your responses during interviews. Understanding their commitment to customer service and financial security will help you articulate how you can contribute to their mission.
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 expertise and project leadership.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Mention how your skills align with the responsibilities of the Technical Manager position and your commitment to enhancing customer outcomes.
Showcase Relevant Experience: When detailing your work history, focus on your experience with manual individual quotations and complex DB benefit structures. Highlight any projects you've led that improved processes or customer service.
Prepare for Potential Questions: Think about the types of questions you might be asked in an interview, particularly around your technical knowledge and customer relationship management. Prepare clear, concise answers that reflect your experience and problem-solving abilities.
How to prepare for a job interview at LegalAndGeneral
✨Showcase Your Technical Expertise
Make sure to highlight your understanding of defined benefit pension schemes and any relevant qualifications you possess, such as CII or PMI. Be prepared to discuss specific examples of how you've applied this knowledge in previous roles.
✨Demonstrate Leadership Skills
Since the role involves leading projects and supporting team development, share experiences where you've successfully led a team or project. Emphasise your ability to coach and develop others, as well as how you handle tight deadlines.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in technical and business contexts. Prepare scenarios where you've delivered solutions to complex issues, particularly in relation to DB benefit structures.
✨Emphasise Customer Focus
Given the importance of customer relationships in this role, be ready to discuss how you've managed client expectations and ensured high-quality outcomes. Share examples of how you've handled customer claims empathetically and efficiently.
