Senior DB Pension Consultant

4 weeks ago

Hove East Sussex, United Kingdom Legal & General Full time

The brand with the brolly is choosing today to change tomorrow.


Since 1836, we've grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.


We're all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.


We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.


At L&G, you'll find a balance that helps you be your best. Empowered by hybrid working, we're supported by technology and workplaces that enable us to work effectively wherever we are. And, when we achieve great things, we celebrate our success and reward strong performance.


Today, there's over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. In this role, you will work with Employee Benefit Consultants and Trustees of new PRT business to develop scheme specific transition plans in order to reconcile scheme member data and accurately & contractually record the benefits secured, ensuring that all parties have the most up-to-date information for the ongoing administration of all schemes.


Develop a 'scheme specific' transition plan for all transactions and provide to all Trustees, their advisers and to all interested parties within L&G appropriate documentation demonstrating how the transition project is being handled. Analyse scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration areas
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. Support the new business origination team 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
Follow all processes to ensure communication in a timely manner and allow a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process. Assist in the delivery of continuous improvement across PRT Client Services, and in the provision of relevant management information when required.
In collaboration with the Transition Team Manager, support the ongoing development of the team by providing appropriate support and training to less experienced members of the team in new processes.
Consumer Duty - Ensure customers have sufficiently tailored information to enable them to understand what is being communicated, including any action they need to take or when advice or further support may be required
Pension Qualification such as CII or PMI or demonstrable equivalent experience



Knowledge of pension regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de- risking, is essential


Complaints


- Has a strong understanding of the risks to their team, and the business. Actively takes steps to reduce these risks.


Able to provide an accurate and cost-effective service by getting it right first time.



Organisation and experience of project management


When you commit to Legal & General, we'll commit to you too. That means we'll recognise and reward your hard work, your performance and your contribution.


If you join us, you'll get access to some great benefits, including 25 days holiday (excluding bank holidays), an annual supplement for private medical insurance, generous pension scheme and life assurance, We're also proud to offer competitive family leave.


You'll have the opportunity to participate in our annual, performance-related bonus plan, and then there are the many discounts we offer that you can take advantage of - both for our own products and at a range of high street stores and online offerings.


Legal & 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.


We're one of the world's largest asset managers, homebuilders, pension providers and insurers.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. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.

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