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Senior Transition Consultant
1 month ago
Job Description
We are currently looking for a Senior Transition Consultant to join our Transition team here at L&G.nIn this role you will work on the development of ‘scheme specific’ transition plans for Pension Risk Transfer (PRT) transactions and provide these to Trustees, their advisers and to all interested parties within L&G to demonstrate how the transition project is being handled. This will involve working closelywith stakeholders in PRT to establish and control the most efficient way to transition each scheme.nYou will also analyse scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration teams. Ensuring that all teams within PRT have the correct benefit specification and data to guarantee that the customers receive their correct benefit entitlement and that schemes are funded accurately. This will include performing First Line peer reviews for team members on these documents..nYou will also take responsibility for the progress of allocated schemes, including regular reviews, to ensure prompt and appropriate responses to customer communications and the provision of relevant information (both internally and externally). You will also ensure there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.nYou will also support the PRT New Business Originationteam and the Transition Managers in the relationship management of key stakeholders, including participation at client meetings and presentations, and attending site visits to gather an understanding of the quality of the data prior to transaction.nAs well as supporting the ongoing development of the team by providing appropriate support and training to less experienced members of the team (in collaboration with the Transition Team Manager)nThis is a hybrid working opportunity based from our Hove Offices, which will allow you to work flexibly between your home and the office to find a work/life balance that works for you.
Qualifications
Pension Qualification such as CII or PMI or demonstrable equivalent experience.nKnowledge of pension’s regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de- risking, is essential.nAn understanding of the way benefits are structured and administered in Defined Benefit schemes is essential.nAbility to provide an accurate and cost-effective service by getting it right first time.nA strong understanding of the risks to theteam, and the business, and a desire to actively takes steps to reduce these risks.nStrong organisational and change management skills and attention to detail.nAbility to manage tight timescales, prioritise own work and/or escalate if necessary.nClear written and verbal communication is essential.nHighly customer focused and understands the need to maintain and improve relationships with both internal and external customers. This includes policyholders, scheme members, legislative bodies, third parties and your colleagues withinL&G.
Additional Information
Competitive SalarynHoliday Allowance – 25days plus all UK bank holidaysnPension Contribution – L&G match any personal contributions up to 5%and provide a further contribution of 5% per monthnPrivate Medical InsurancenLife InsurancenIncome ProtectionnAs well as access to a host of further Optional Benefits upon joining L&GnLegal & General is a leading financial services organisation, 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.nWe’re one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.nIf 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.nWe strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. 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.nIf you’re open to find out more, we'd love to hear from you.
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