Pension Scheme Technical Loading Actuary (Defined Benefit Pensions)

Location: Hybrid in Hove, United Kingdom

Company

Legal & General is a UK financial services group and global investor providing retirement, protection, pension risk transfer, life insurance, and workplace pension solutions.

What you will do

• Oversee the actuarial loading and validation of complex Defined Benefit pension schemes.
• Interpret scheme rules, benefit specifications, actuarial factors, and calculation methodologies.
• Review and sign off actuarial rules, assumptions, calculations, and system outputs.
• Support the design and testing of GMP Equalisation functionality.
• Translate actuarial requirements into system specifications and calculation logic.
• Improve governance, controls, testing, auditability, and guidance on complex actuarial issues while collaborating with Loading, Technical, Actuarial, PRT, and Client Services colleagues.

Requirements

• FIA qualification or equivalent status.
• Strong technical knowledge of Defined Benefit pension schemes.
• Experience interpreting complex benefit structures and scheme documentation.
• Experience with administration systems; ALPS or PPS experience is desirable.
• Confidence reviewing actuarial calculations and providing professional assurance.
• Ability to explain complex actuarial requirements clearly to technical and operational colleagues, with sound judgement and a collaborative, customer-focused approach.

Culture & Benefits

• Annual performance-related bonus plan and share schemes.
• Generous pension contribution, life assurance, and healthcare plan for permanent employees.
• At least 25 days of holiday plus public holidays, increasing to 26 days after two years, with holiday purchase and sale options.
• Competitive family leave and an electric car salary-sacrifice scheme for permanent employees.
• Employee discounts and sustainable modern offices across the UK.
• Flexible working options, including part-time work and job shares, subject to role requirements.