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- Tasks: Lead and support the Onboarding Calculations Team in delivering accurate pension calculations.
- Company: Join Legal & General, a leading UK financial services group with a rich history.
- Benefits: Enjoy competitive pay, generous holidays, healthcare, and an electric car scheme.
- Other info: Be part of an inclusive culture that values your growth and wellbeing.
- Why this job: Make a real impact in pensions while enjoying a flexible hybrid working environment.
- Qualifications: Qualified Actuary with experience in Defined Benefit pensions and strong leadership skills.
The predicted salary is between 60000 - 80000 £ 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. Operating continuously in the UK market from our entrance in 1987, we are the UK's longest-running insurer.
Our Institutional Retirement business is the UK's longest-serving active bulk annuity provider. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023. Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.
Job Description
We are looking for a talented Pensions Actuary to join our Onboarding Calculations Team within our Pension Risk Transfer (PRT) Client Services function. In this pivotal role, you will help ensure the efficient and accurate delivery of manual calculations and essential claims work, whilst also providing technical expertise across the team on complex benefit structures and other specialist aspects of Defined Benefit pension schemes. If you have a strong background in Defined Benefit pensions, enjoy leading projects, coaching and supporting junior colleagues, and thrive when working on complex, detail-oriented tasks, we would be delighted to hear from you. This is a hybrid working opportunity, which gives you the flexibility to split your week between home and our Hove offices to help you achieve 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
- Producing and checking individual Defined Benefits quotations
- 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
- Qualified Actuary with significant DB pension administration experience
- Detailed understanding of defined benefit pension scheme structures 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 and leadership skills
- Ability to manage tight timescales and prioritise work effectively
- Excellent communication skills and ability to support team development
- Knowledge of relevant legislation and compliance requirements
Benefits
- The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
- Generous pension contribution
- Life assurance
- Healthcare Plan
- 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
- Various 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 that 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.
Onboarding Calculations Technical Manager employer: LegalAndGeneral
Contact Detail:
LegalAndGeneral Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Onboarding Calculations Technical Manager
✨Tip Number 1
Network like a pro! Reach out to current employees at Legal & General on LinkedIn. Ask them about their experiences and any tips they might have for landing the Onboarding Calculations Technical Manager role. Personal connections can make a huge difference!
✨Tip Number 2
Prepare for the interview by brushing up on your technical knowledge of Defined Benefit pensions. Be ready to discuss complex benefit structures and showcase your problem-solving skills. We want to see how you can bring value to the team!
✨Tip Number 3
Showcase your leadership skills! Think of examples where you've coached or supported junior colleagues. This is key for the role, so make sure to highlight these experiences during your discussions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Legal & General.
We think you need these skills to ace Onboarding Calculations Technical Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Onboarding Calculations Technical Manager role. Highlight your background in Defined Benefit pensions and any relevant projects you've led.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about this role and how your expertise can contribute to our team. Be specific about your experience with complex benefit structures and your approach to coaching others.
Showcase Your Technical Skills: Since this role requires technical oversight, be sure to mention any specific tools or methodologies you’ve used in your previous roles. This will help us see how you can hit the ground running.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at LegalAndGeneral
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of Defined Benefit pension schemes and their structures. Be prepared to discuss specific examples from your experience, as this role requires a strong technical understanding. Familiarise yourself with the latest regulations and how they impact pension administration.
✨Showcase Your Leadership Skills
Since this position involves coaching and supporting junior colleagues, think of instances where you've led projects or mentored others. Be ready to share how you approach team development and what strategies you use to enhance team performance.
✨Prepare for Technical Questions
Expect to face questions that test your problem-solving abilities related to complex DB benefit structures. Practice articulating your thought process clearly and concisely, as this will demonstrate your expertise and ability to deliver solutions under pressure.
✨Emphasise Your Customer Focus
This role is all about ensuring quality customer outcomes, so be prepared to discuss how you've managed client relationships in the past. Highlight any experiences where you've gone above and beyond to meet customer needs, as this will resonate well with the interviewers.