OST Consultant

Company Description

Securing pensions over the long term can be a challenge for many businesses. Our ambition atLegal & General Retirement Institutional(LGRI)is to help companies and pension scheme trusteeshonour their defined benefitpension promises to their employees. We're helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members' financial security in retirement. And we're investing for the long term to back our pension promises. In the last 30 years we've written more UK business than any other insurer, and we currently look after more than half a million pension policyholders.We're the UK's longest-serving active bulk annuity provider, and a market-leading, multi-award-winning business.

Job Description

We're recruiting for aOperational Support Team Consultant to join us. We're offering acompetitive base salary. You will apply Defined Benefit Pension scheme expertise to support the maintenance of scheme data and to administer and update individual member records, handling all aspects of customer claims work in an efficient, effective and empathetic manner

What you'll be doing:

• Providing an efficient administration and claims service to individual scheme members and intermediaries, including manual calculations for Defined Benefit Pension Schemes, to ensure that the customer is quoted and paid in line with the benefit specification and current legislation
• Responsible for calculating individual Defined Benefits quotations and ensuring that documents/letters and statements are correct, and that L&G is protected from any additional payments or cost above those for which the Society is liable
• Drafting and issuing clear and concise communication to both members and 3rd party intermediaries regarding Defined Benefit Pension scheme benefits to ensure L&G is acting in line with current legislation
• Responsible for the checking of and authorising of the payment of Defined Benefits claims ensuring that the correct benefit calculations accurate, and settled
• Acting as technical expert for the team, which could include being utilised as the Society's contact and expert on sensitive or priority schemes, acting as the focal point for queries and having responsibility for interpreting and keeping up to date with current pensions legislation and HMRC practice
• Setting up and maintaining scheme records, investigating anomalies and taking appropriate action for Bulk Purchase Annuities Defined benefit schemes
• Ensuring all standard operating procedures are followed for all processes and that a full audit trail exists on the activities carried out to meet regulatory and internal compliance

Qualifications

Who we're looking for:

• Pension Qualification such as CII or PMI or demonstrable equivalent experience
• Understanding of defined benefit pension schemes
• Understanding of the way benefits are structured and administered in Defined Benefit schemes.
• Highly customer focused and understands the need to maintain and improve relationships with both internal and external customers
• Strong verbal and written communication 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
• 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.


Location: Hove, GB

Posted Date: 10/4/2024