Onboarding Calculations Technical Manager

Location: Hove

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  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

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…