BPA Transition Manager

3 weeks ago


United Kingdom Utmost International Full time

Day -1
• Design and implement the Bulk Purchase Annuity (BPA) transition process for both Buy-ins and Buyouts within Utmost Life and Pensions.
• Design and maintain the target operating model for the BPA Transition Team.
• Support Utmost Life and Pensions with the design and implementation of its BPA administration operating model and ensure operational readiness in line with business plans. 

Day 0
• Support the Head of BPA Business Development with relationships and engagements with EBCs/Trustees, specifically from an operational and transition perspective.
• Build the BPA Transition Team to support pipeline of new business. 
• Support the triage of potential new business
• Support the preparation of contractual documents and individual policy documents.

Day 1+
• Build and drive project plans for each proposed transition.
• Manage the operational relationships with EBCs/Trustees/ceding administrators through the transition processes 
• Manage the operational relationships with Trustees and ceding administrators during the post-buy-in period.
• Pro-actively lead the BPA Transition Team through each transition.
• Ensure operational readiness is achieved for each new transition.
• Collaborate with relevant internal functions for developing and improving processes for the on-boarding of schemes.
• Keep abreast of industry issues and developments.
• Identify and escalate emerging issues.
• Any other task or activity as may be reasonably expected within this role.
• Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
• Comply with the FCA’s conduct and Consumer Duty rules and the PRA’s conduct standards.
• Notify the regulator(s) of matters reasonably expected to be notified.

Core Competencies:
• Strong knowledge of UK Defined Benefit Pensions and the BPA market.
• Excellent knowledge of the BPA process, from deal execution to buy-out
• Strong management skills. Facilitator and coach, able to bring the best from a team.
• Strong project management skills.
• Able to build productive relationships at all levels.
• Good presentation, communication, negotiation skills.
• Pro-active, pragmatic, adaptable and flexible.
• Supplier relationship management.

Experience and Qualifications:
Mandatory
• Experience of the BPA market and the transition process.
• Proven experience of managing a team and managing projects. #J-18808-Ljbffr

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