Senior Flexible Benefits Consultant
2 weeks ago
Legal & General looks after around 700,000 institutional customers who have their retirement benefits secured with us. 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.
We’re currently recruiting for a Senior Transition Consultant to join our Award Winning Pension Risk Transfer business.
We’re offering a competitive base salary, great benefits and the opportunity to work with Employee Benefit Consultants and Trustees of Defined Benefit Pension Schemes to develop scheme specific transition plans in order to reconcile scheme member data and accurately record the benefits secured, ensuring that all parties have the most up-to-date information for the ongoing administration of all schemes.
This will include creating appropriate documentation to demonstrate how the transition project will be managed, and establishes the correct structures to control the transition of the scheme in the most efficient and timely manner
Analysing scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration areas
Performing first line peer reviews for team members to ensure that all teams within PRT have the correct benefit specification and data to guarantee that the customers receive their correct benefit entitlement and schemes are funded accurately
Supporting the new business origination team and the Transition Managers by offering advice on administration capabilities and attending site visits to gather an understanding of the quality of the data prior to transaction
Ensuring communication is delivered in a timely manner and ensuring there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.
Supporting (in collaboration with the Transition Team Manager) the ongoing development of the team by providing appropriate support and training to less experienced members of the team
Pension Qualification such as CII or PMI (or demonstrable equivalent experience)
Knowledge of pension’s regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de- risking (is essential)
A strong understanding of the risks faced by their team/the business and a desire to actively take steps to reduce these risks
Strong organisational skills, with experience of project management being highly beneficial
Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
Generous pension contribution
Life assurance
Private medical insurance
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
Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
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.
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.
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