DB Pensions Calculation Consultant

Legal & General; Glasgow; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is on the lookout for a motivated Calculation Consultant to join their award-winning team. This hybrid role offers the chance to work on complex Defined Benefit pension administration, where you will manage claims and provide expert guidance on benefit structures. You will play a key role in improving processes and ensuring excellent customer outcomes. With a focus on training and mentoring, this position is perfect for someone who thrives in a collaborative environment and is eager to make a significant impact in the financial security of retirement for many.

Benefits

Performance-related bonus

Generous pension contributions

Life assurance

Private medical insurance

25+ days holiday

Family leave

Electric car scheme

Discounts

Modern office spaces focused on wellbeing

Qualifications

• Extensive experience in Defined Benefit pensions administration.
• Strong numeracy skills to deliver technical solutions.

Responsibilities

• Lead checking of Defined Benefits quotations and issuing communications.
• Manage claims work and ensure efficient administration for members.

Skills

Defined Benefit pension administration

Strong numeracy skills

Customer service skills

Communication skills

Education

Part or fully qualified pensions actuary

Job description

Company Description

Legal & General Institutional Retirement looks after around 700,000 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, and we are growing from strength to strength.

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

Do you have extensive experience of Defined Benefit pension administration? Are you a part or fully qualified pensions actuary? If so, we’re seeking a motivated and technically skilled individual to join our growing, multi-award-winning PRT business as a Calculation Consultant.

In this role, you will support the business by providing expertise on complex benefit structures, manual calculations, and being an SME on all ongoing and new schemes that come into our in-house Client Services team.

You will also effectively manage all aspects of claims work and help to deliver excellent customer outcomes for our members. As well as being technically savvy, you will need to be a strong communicator, able to tailor communication and simplify complex information for the intended audience.

This is a hybrid working opportunity, allowing you to split your week between home and our central Glasgow office for a better work-life balance.

What you'll be doing:

• Leading in checking individual Defined Benefits quotations, designing & issuing non-standard communications to members and third-party intermediaries
• Working with the Team Manager to ensure efficient administration and claims service for scheme members, Trustees, and intermediaries, in line with SLAs
• Facilitating and leading activities such as Valuation updates, Data updates, Bulk transfers, WULS, etc., and liaising with other teams
• Leading projects to improve processes and engaging in initiatives driven by legislative or system changes
• Developing robust, reusable solutions that meet quality, version control, and audit standards, working with IT to specify, build, test, and roll out solutions
• Analyzing feedback to meet customer expectations and reporting on failings and improvements
• Supporting team development through training and mentoring less experienced members

Qualifications

Who we're looking for:

• Substantial experience in Defined Benefit pensions
• Strong numeracy skills and ability to deliver technical and business solutions
• Knowledge of legislation such as GDPR, Money Laundering, Complaints, Consumer Duty, and Breach guidelines
• Excellent customer service skills
• Experience in supporting and training team members
• Strong communication skills, both written and oral

Benefits include:

• Performance-related bonus and share schemes
• Generous pension contributions
• Life assurance and private medical insurance
• At least 25 days holiday plus public holidays, with options to buy or sell holiday
• Family leave, electric car scheme, discounts, and modern office spaces focused on wellbeing

Additional Information

At L&G, we believe in generating positive returns today while building a better future for all.

Joining us means becoming part of an inclusive culture that values diversity, integrity, and career development. We support flexible working arrangements and value your strengths and potential, even if you don’t meet every criterion listed.