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Senior Manager
4 months ago
Job Description Securing pensions over the long term can be a challenge for many businesses.
Our ambition at Legal & General Retirement Institutional(LGRI) is to help companies and pension scheme trusteeshonour their defined benefitpension promises to their employees.
We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises.
In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders.We are currently looking for a Senior Transition Manager to join our Transition team here at L&G.
In this role you will take ownership of the end to end scheme implementation and on-boarding of a portfolio of Pension Risk Transfer (PRT) transactions. You will also support the PRT Business Development team in securing and maximising new business opportunities by providing technical expertise with regards to the implementation process and ensuring thatmilestones within the project plan are achieved in a way that takes into account the fair treatment of all customers.
You will also take responsibility for liaising with trustees, brokers and administrators, to agree a timescale and process for verifying data to ensure that benefits are costed accurately and reflect the legal liabilities being taken on by L&G. As well as undertaking a Post Implementation Review for each scheme, and meeting with or reporting to the Trustees, their advisers and administrators as appropriate.
You will also maintain an excellent knowledge of the Pension Risk Transfer proposition and processes of L&G along with any changes to pensions and de-risking legislation to further support the development of our Pension Risk Transfer Implementation capabilities across our UK business structures and future active territories.
This 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.
PLEASE NOTE - Whilst this role is advertised as Full Time, we would also welcome applications from people who are seeking Part Time opportunities.
Demonstrable experience in administering and on-boarding Defined Benefit (DB) pension schemes.
Knowledge of pension regulations for DB schemes, including a detailed understanding of the requirements for schemes in the course of wind-up, and the interaction with PPF and FAS.
This includes processes around data/benefit input, FR reconciliation, inception costings, administration processes and customer communication.
Good problem solving, analytical and financial skills; with an ability to understand high volumes of customer data as well as pension benefit calculations.
An understanding of the current challenges and opportunities in the Pension Risk Transfer market would be highly advantageous.
Strong organisational and change management skills and attention to detail, with a demonstrated ability to prioritise and work independently, managing a high-volume of tasks and deadlines.
A track record of building effective relationships in complex environments.
Competitive Salary
~12% Car Allowance
~ Holiday Allowance – 30days plus all UK bank holidays
~ Pension Contribution – L&G match any personal contributions up to 5%and provide a further contribution of 10% per month
~ Private Medical Insurance
~ Life Insurance
~ 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.
