DB Pension Scheme Loading Actuary – Technical & Governance

Banner-Life-Family-of-Companies; Hove; On-site; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Annual bonus

Pension contribution

Life assurance

Healthcare plan

25 days holiday

Job summary

Legal & General (L&G) is seeking a Qualified Actuary with a strong technical DB background to onboard complex Defined Benefit pension schemes and provide actuarial assurance within our administration platforms.

You will interpret scheme rules, review actuarial calculations and contribute to GMP Equalisation and system development, working with cross-functional teams to enhance governance and controls.

Qualifications

• FIA qualification or equivalent status.
• Strong knowledge of defined benefit pension schemes.
• Experience interpreting complex benefit structures and scheme documentation.
• Experience with administration systems (ALPS/PPS desirable).
• Ability to explain actuarial requirements to technical and operational colleagues.
• Collaborative, customer-focused approach.

Responsibilities

• Oversee loading and validation of complex DB pension schemes.
• Interpret scheme rules, benefit specifications, factors and calculations.
• Review and sign off actuarial rules, assumptions, calculations and outputs.
• Support design and testing of GMP Equalisation functionality.
• Translate actuarial requirements into system specifications and logic.
• Provide clear decisions on complex actuarial issues.
• Improve governance, controls, testing and auditability across loading.
• Collaborate with Loading, Technical, Actuarial, PRT and Client Services teams.

Skills

Actuarial expertise

DB pension schemes

Communication

Collaboration

Education

FIA qualification or equivalent status

Tools

ALPS

PPS

Job description

Legal & General (L&G) is seeking a Qualified Actuary with a strong technical DB background to onboard complex Defined Benefit pension schemes and provide actuarial assurance within our administration platforms.

You will interpret scheme rules, review actuarial calculations and contribute to GMP Equalisation and system development, working with cross-functional teams to enhance governance and controls.