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About the Role
Support the development and ongoing improvement of key in-house systems for pensions administration, retirement calculations, and payments within the Defined Benefit - Technical Services team. This role is ideal for individuals who enjoy the intricacies of defined benefit pensions, actuarial calculations, and systems development, requiring comfort with system design, calculation specifications, and technical delivery teams.
Responsibilities
- Translate defined benefit pension scheme rules into detailed system and calculation specifications.
- Support the development and release of changes to integrated calculation systems, applications, and supporting services.
- Work with developers and technical partners to explain calculation logic and expected system behaviors.
- Review system outputs and testing results to ensure accuracy and fitness for purpose.
- Apply actuarial judgment to complex pensions, systems, and testing queries.
- Collaborate with stakeholders across Institutional Retirement, Group IT, and operational teams.
- Identify opportunities to improve processes, controls, documentation, and customer outcomes.
- Support operational readiness for system changes, releases, and wider business needs.
Requirements
- Qualified actuary or strong actuarial systems/development experience.
- Strong knowledge of defined benefit pensions, including scheme benefits and calculation rules.
- Experience interpreting pension scheme requirements and translating them into clear technical or calculation specifications.
- Confidence working with complex integrated systems, including calculation engines, databases, web-based applications, and connected services.
- Strong analytical judgment, attention to detail, and problem-solving ability.
- Ability to work autonomously while collaborating effectively with technical and non-technical stakeholders.
- Understanding of testing, change delivery, Agile, Lean, or business analysis principles.
- Familiarity with Java, SQL, or similar languages is advantageous, though hands-on development experience is not required.
Skills
- Defined benefit pensions
- Actuarial calculations
- Systems development
- System design
- Calculation specifications
- Technical delivery
- Java
- SQL
Location
- London, One Coleman Street
Work Type
- Hybrid
- Permanent
Experience Level
- Actuarial systems/development experience
Education Level
- Qualified actuary
Benefits
- Annual, performance-related bonus plan
- Valuable share schemes
- Generous pension contribution
- Life assurance
- Healthcare Plan
- 27 days holiday, plus public holidays
- Option to buy and sell holiday
- Competitive family leave
- Electric car scheme
- Discounts for own products and at a range of high street stores and online
About the Company
- Legal & General (L&G) is a leading UK financial services group and major global investor.
- Safeguarding people’s financial futures since 1836.
- Strives to build a better society, improve customer lives, and create shareholder value.
- One of the world’s largest asset managers with powerful asset origination capabilities.
- Underpins retirement and protection solutions: an international player in pension risk transfer, UK and US life insurance, and UK workplace pensions and retirement income.
- L&G Institutional Retirement looks after around 700,000 institutional customers.
- UK's longest-running insurer, operating continuously in the UK market since 1987.
- Institutional Retirement is the UK’s longest-serving active bulk annuity provider.
- Institutional Retirement has an estimated UK retirement annuity book of £86.1 billion as of December 31, 2023.
- Looks after over 1 million customers across retail and institutional retirement businesses.
- Creating net‑zero carbon workplaces by 2030.
- Investing in sustainable, modern offices across the UK designed to bring people together and elevate the in-person experience.
Equal Opportunity
- 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.
- 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.