Pension Benefits Strategist

1 week ago

London, Greater London, United Kingdom Legal & General Group Full time

Legal & General Group


We are a leading financial services company, committed to building a better society for the long term by investing our customers' money in things that make life better for everyone.



About the Role

We are seeking a highly skilled Pension Benefits Strategist to join our Award Winning Pension Risk Transfer business.



Key Responsibilities

  • Analyse scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration areas.
  • Perform first line peer reviews for team members to ensure that all teams within PRT have the correct benefit specification and data to guarantee that the customers receive their correct benefit entitlement and schemes are funded accurately.
  • Support the new business origination team and the Transition Managers by offering advice on administration capabilities and attending site visits to gather an understanding of the quality of the data prior to transaction.
  • E nsure communication is delivered in a timely manner and ensuring there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.
  • Support (in collaboration with the Transition Team Manager) the ongoing development of the team by providing appropriate support and training to less experienced members of the team.


Requirements

  • Pension Qualification such as CII or PMI (or demonstrable equivalent experience)
  • Knowledge of pension's regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de-risking
  • An understanding of the way benefits are structured and administered in Defined Benefit schemes
  • Ability to manage tight timescales, prioritise own work and/or escalate if necessary
  • Ability to provide an accurate and cost-effective service by getting things right first time
  • A strong understanding of the risks faced by their team/the business and a desire to actively take steps to reduce these risks
  • Strong organisational skills, with experience of project management being highly beneficial
  • Clear written and verbal communication skills
  • Highly customer focused with the ability to maintain and improve relationships with both internal and external customers.


What We Offer

  • The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
  • Generous pension contribution
  • Life assurance
  • Private medical insurance
  • 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


About Us

We are a major global investor, named Britain's Most Admired Company in 2023, for the second year running. We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.



Estimated Salary: £60,000 - £80,000 per annum, depending on experience

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