Onboarding Calculations Technical Manager

Legal And General Group; England; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading financial services company in the UK is seeking a skilled Pensions Actuary to join the Onboarding Calculations Team. This role involves ensuring accurate manual calculations within the Pension Risk Transfer function and supporting junior colleagues. The ideal candidate will have strong experience in Defined Benefit pensions and will thrive in a hybrid working environment that balances home and office work. The position offers opportunities for technical leadership and team development, contributing to meaningful client outcomes.

Benefits

Annual performance-related bonus

Generous pension contribution

Life assurance

Healthcare Plan

At least 25 days holiday plus public holidays

Competitive family leave

Electric car scheme

Employee discounts

Qualifications

• Significant DB pension administration experience is required.
• Detailed understanding of defined benefit pension scheme structures and regulations.
• Ability to manage tight timescales and prioritize work effectively.

Responsibilities

• Provide technical oversight to the work done by the Onboarding Calculations Team.
• Produce and check individual Defined Benefits quotations.
• Lead and support projects to enhance and improve processes.
• Act as a Subject Matter Expert for the team.

Skills

Qualified Actuary

DB pension administration experience

Customer focus

Leadership skills

Communication skills

Education

Qualified Actuary Certification

Job description

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.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. 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
• 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.