Pension Risk Transfer Manager

2 days ago


Hove, Brighton and Hove, United Kingdom Legal & General Full time
About the Role

We are seeking a highly skilled Transition Manager to join our DB Transition team at Legal & General. As a key member of our team, you will be responsible for managing the end-to-end scheme implementation and onboarding of new Pension Risk Transfer (PRT) business, as well as assisting in maximizing both new and existing business opportunities at tender stage.

Key Responsibilities
  • Manage the complete end-to-end scheme implementation and onboarding of a portfolio of new PRT business, including beauty parades, administration risk assessments, benefit specifications, and site visits.
  • Develop and lead on the development of 'scheme-specific' transition plans for a portfolio of transactions and provide these to all Trustees, their advisers, and all interested parties within L&G.
  • Liaise 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.
  • Undertake Post-Implementation Reviews for each scheme and meet with or report to the Trustees, their advisers, and administrators as appropriate.
  • Maintain an excellent knowledge of the PRT proposition and processes of L&G, as well as any changes to pensions and de-risking legislation.
Requirements
  • Demonstrable experience in administering and onboarding 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.
  • Strong organizational and change management skills, with a demonstrated ability to prioritize and work independently, managing a high-volume of tasks and deadlines.
  • Proficient in using Microsoft products, especially Excel.
What We Offer

We offer a competitive package that looks after all the things that are important to you, including the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes, generous pension contribution, life assurance, private medical insurance, 27 days holiday, plus public holidays, and the option to buy and sell holiday, competitive family leave, and many more benefits.

We strive to be open, mindful, and inclusive, so we are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.



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