Opens jobs.smartrecruiters.com in a new tab. Check the address before sharing personal information.
Key skills in this ad
Skills and tools
Actuarial
Safeguarding
Picked out automatically from the employer's ad. Read the full description before applying.
About this role
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.
Make job search work for you
Turn a broad, stressful search into a focused weekly routine.
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 looking for an experienced DB pensions professional to join our Technical Loading Team in a newly created role.
As a Technical Loading Actuary/Manager, you will help us to onboard increasingly complex Defined Benefit pension schemes, provide actuarial assurance and contribute to how pension rules and calculations are implemented within our in-house administration platforms.
This role would be ideal for someone who enjoys the technical heart of DB pensions work, has the ability to understand complicated benefit specifications, enjoys working out how it should operate in practice and making sure the resulting calculations are accurate, controlled and well governed.
Whether you come from a pension consultancy, pension administration provider, scheme actuarial team, pension risk transfer environment or another role involving complex DB implementation work, we’d love to hear from you.
*This role is a Hybrid working opportunity, which means you can split your time between your home and the office to find a work-life balance that works for you.*
What you'll be doing:
Overseeing the actuarial loading and validation of complex Defined Benefit pension schemes
Interpreting scheme rules, benefit specifications, factors and calculation methodologies
Reviewing and signing off actuarial rules, assumptions, calculations and system outputs
Supporting the design and testing of GMP Equalisation functionality
Translating actuarial requirements into practical system specifications and calculation logic
Providing clear decisions and guidance on complex actuarial issues
Improving governance, controls, testing and auditability across the loading process
Working closely and collaboratively with a variety of colleagues across our PRT function
Strong technical knowledge of Defined Benefit pension schemes
Experience interpreting complex benefit structures and scheme documentation
Strong mathematical and analytical capability
Confidence reviewing actuarial calculations and providing professional assurance
Ability to explain complex actuarial requirements clearly to technical and operational colleagues
Interest in pension technology, systems, testing or platform development
Sound judgement and a collaborative, customer-focused approach
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
27 days holiday, plus public holidays. 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 many discounts we offer – both for our own products and at a range of high street stores and online
We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience
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 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.
Finance & accounting
Management
Part-time
Flexible hours
Pension
Bonus
Pay
Pay is not stated in the ad.
Estimate take-home pay for a figure you enter
Estimated take-home pay
Explore gross pay after typical payroll taxes for a work location.
Illustrative estimate only; assumes a standard employee profile and may omit benefits, pensions, credits and local rules. Regional and city-specific tax applies only where the selected calculator supports it; other results are country-level. Salary and location are sent only when you calculate: Paysums for supported regions, or WorthOf for wider country coverage. Confirm with an official payroll or tax source before making decisions.
Visa sponsorship and relocation: not stated in the ad.
JobCheckPoint never asks candidates to pay, and genuine employers shouldn't either. If this job asks you for money (registration, training, visa or equipment fees), don't pay. Report it below.
