Senior Onboarding Calculations Consultant at LegalAndGeneral

Glasgow, Scotland, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

05 Apr, 26

Salary

0.0

Posted On

05 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Pension Qualification, Defined Benefit Pension Schemes, Benefit Structures, GDPR Knowledge, TCF Knowledge, HMRC Guidelines, Deadline Management, Communication Skills, Leadership Experience, Mentoring Experience, Customer-Focused Mindset, Independent Work, Collaborative Work

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 a Senior Onboarding Calculations Consultant to join our Award Winning PRT business. As a Senior Onboarding Calculations Consultant you will play a key role in supporting the transition and administration of Defined Benefit Pension schemes. You’ll be part of a collaborative team, who apply technical expertise to complex benefit structures and help shape the onboarding experience for our clients and members. 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: Calculating individual Defined Benefit quotations and designing tailored communications Leading on complex schemes and acting as a subject matter expert for the team Reviewing and quality checking benefit calculations to ensure accuracy and compliance Managing the end-to-end onboarding process for new Defined Benefit schemes Designing and delivering training to support customer understanding and fair treatment Facilitating valuation updates, bulk transfers and other scheme activities Liaising with internal teams and third parties to ensure smooth transitions and handovers Keeping stakeholders informed to support excellent customer outcomes Qualifications Who we're looking for: Pension qualification such as CII or PMI, or equivalent experience Strong understanding of Defined Benefit Pension schemes and benefit structures Knowledge of relevant legislation including GDPR, TCF and HMRC guidelines Ability to manage tight deadlines and prioritise effectively Excellent communication skills with the ability to tailor messages to diverse audiences Proven leadership and mentoring experience within a technical pensions environment Customer-focused mindset with a commitment to delivering good outcomes Confidence working independently and collaboratively across teams 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. Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US) L&G Business Unit: Legal & General Retirements Institutional L&G sub Business Unit: INSTITUTIONAL RETIREMENTS Primary Location: Hove, One City Park Job Family: Defined Benefits

Responsibilities

The Senior Onboarding Calculations Consultant will support the transition and administration of Defined Benefit Pension schemes, calculating individual quotations and managing the onboarding process. They will also lead on complex schemes and ensure accuracy and compliance in benefit calculations.