Senior Operational Support Team Consultant (Pensions)

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

Company Description

Legal & General 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 division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members' retirement benefits.

Joining us means you'll support customers' financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

Job Description

We're recruiting for a Senior OST Consultant to join us. We are looking for someone to apply Defined Benefit Pension scheme expertise to maintain scheme data and to administer and update individual member records, handling all aspects of customer claims work in an efficient and effective manner to the satisfaction of our customers. To help support the area by providing expertise on complex benefit structures, manual calculations and being an SME on ongoing and new schemes to Client Services.

What you'll be doing:

• To apply Defined Benefit Pension scheme expertise to maintain scheme data and to administer and update individual member records, handling all aspects of customer claims work in an efficient and effective manner to the satisfaction of our customers. To help support the area by providing expertise on complex benefit structures, manual calculations and being an SME on ongoing and new schemes to Client Services
• Take a leading role in the team and be responsible for calculating individual Defined Benefits quotations, from potentially any scheme; design & issue of non-standard communication ensuring they have sufficiently tailored information to enable them to understand what is being communicated, including any action they need to take, or when advice, or further support may be required
• Ensure effective Quality Checking are implemented to regularly review the outcomes being delivered to customers and any foreseeable harm is identified
• Act as an SME & technical expert for the team, which could include being utilised as the Society's contact and expert on sensitive or priority schemes, act as the focal point for queries and having responsibility for interpreting and keeping up to date with current pensions legislation and HMRC practice
• Design and implement appropriate training regimes that give sufficient emphasis to the need for customers to understand that fair treatment and delivering good outcomes to them is central to our culture
• Manage the end to end onboarding process of new DB Pension schemes. This involves the scheme transitioning from the Operational Support Team to the Retirements Team

Qualifications

Who we're looking for:

• Pension Qualification such as CII or PMI or demonstrable equivalent experience
• Understanding of the way benefits are structured and administered in Defined Benefit schemes
• Knowledge and experience of GDPR, money laundering, complaints, treating customers fairly
• Highly customer focused and understands the need to maintain and improve relationships with both internal and external customers

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
• Private medical insurance (permanent employees only)
• 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

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming 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 strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.

Videos To Watch
https://youtu.be/8ZYGBwImH08
https://www.youtube.com/watch?v=ZBOaxOH1C2c
https://youtu.be/YwHNjdPbbkk