Defined Benefit Pensions - Senior Calculations Consultant

Due to continued growth in our award-winning Pension Risk Transfer business we are seeking a number of dedicated and knowledgeable Senior Calculations Consultants to join our PRT Client Services function.

As a Senior Calculations Consultant your main responsibility will be calculating individual Defined Benefits quotations (from a variety of schemes) which is pivotal in ensuring the smooth administration and ongoing management of our Defined Benefit Pension schemes.

This role would be ideal for someone with significant pensions administration experience who enjoys technical often complex work and has demonstrable experience of working with DB Pension schemes.

This is a hybrid working opportunity which means you can split your working week between your home and our Glasgow offices to find a work/life balance that works for you.

What youll be doing:

• Taking a leading role in the calculation of Defined Benefits quotations and designing & issuing any non-standard communications to scheme members
• Ensuring that accurate benefit calculations are being produced and that sufficient quality checks are being administered before these are issued
• Providing an efficient administration and claims services to scheme members Trustees and intermediaries
• Keeping up to date with current pensions legislation and acting as an SME/technical expert for the team
• Facilitating additional activities such as valuations data updates and bulk transfers as required
• Effectively managing the end-to-end onboarding process of new DB Pension schemes coming into L&G
• Keeping internal customers and any relevant third parties updated with key information
• Designing and implementing training regimes that focus on providing great customer outcomes

Qualifications :

Who were looking for:

• Pension Qualification such as CII or PMI or demonstrable equivalent experience working in DB Pensions
• A strong understanding of Defined Benefit Pension schemes (including understanding the way benefits are structured and administered in Defined Benefit schemes) and the related legislation
• Strong customer orientation including the ability to maintain effective relationships with both internal and external customers
• Proficiency in managing tight timescales and prioritising workloads to ensure that deadlines are met
• Effective communication skills (both written and verbal) including the ability to positively influence stakeholders and customers
• Willingness to take ownership of any issues/queries that may arise and work towards an outcome that is fair to our customers
• Ability to work collaboratively as part of a high functioning team in a fast-paced evolving environment
• Strong judgement and analytical skills

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. Theres 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 its possible to generate positive returns today while helping to build a better future for all. 

If you join us youll 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 doesnt matter if you dont 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. 

Remote Work :

No

Employment Type :

Full-time