Onboarding Calculations Consultant at LegalAndGeneral

Hove, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

11 Mar, 26

Salary

0.0

Posted On

11 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Defined Benefit Pension Schemes, Manual Calculations, Claims Support, Clear Communication, Technical Expertise, Attention to Detail, Legislation Knowledge, Customer-Focused Approach, Initiative, Process Improvement

Industry

Financial Services

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’re currently recruiting for an Onboarding Calculations Consultant to join our Award Winning PRT business. As an Onboarding Calculations Consultant, you’ll apply your expertise in Defined Benefit Pension schemes to support new and ongoing client services tasks. If you are detail-oriented and passionate about delivering excellent customer outcomes this might just be the role for you. This is a hybrid working opportunity, which means you can work between your home and the office to find a work-life balance that works for you. What you'll be doing: Providing manual calculations and claims support for Defined Benefit Pension schemes Drafting clear communications to members and third-party intermediaries Calculating accurate quotations and ensuring compliance with benefit specifications Authorising payments and updating systems for non-standard schemes Acting as a technical expert and point of contact for sensitive or priority schemes Setting up and maintaining scheme records and resolving anomalies Following standard operating procedures and maintaining audit trails Communicating key updates to internal teams and third parties Qualifications Who we're looking for: Holding a pension qualification such as CII or PMI, or equivalent experience Understanding Defined Benefit Pension schemes and their administration Demonstrating knowledge of relevant legislation including GDPR and Consumer Duty Showing strong attention to detail and technical accuracy Managing priorities and working effectively to tight deadlines Communicating clearly and empathetically with a range of stakeholders Maintaining a customer-focused approach in all interactions Taking initiative to reduce risks and improve processes 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 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.

Responsibilities

As an Onboarding Calculations Consultant, you will provide manual calculations and claims support for Defined Benefit Pension schemes while ensuring compliance with benefit specifications. You will also act as a technical expert and maintain scheme records.