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Defined Benefit Transition Manager

2 months ago

Hove, Brighton and Hove, United Kingdom LegalAndGeneral Full time
About the Role

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

Key Responsibilities
  • Manage the complete end-to-end scheme implementation and onboarding of a portfolio of new PRT business.
  • Support the PRT Business Development team in maximising both new and existing business opportunities at tender, including beauty parades, administration risk assessments, and creating benefit specifications.
  • Develop 'scheme specific' transition plans for a portfolio of transactions and provide these to all Trustees, their advisers, and interested parties within L&G.
  • Liaise with trustees, brokers, and administrators to agree a timescale and process for verifying data to ensure accurate benefit costing and legal liabilities.
  • Maintain an excellent knowledge of the Pension Risk Transfer proposition and processes of L&G, as well as changes to pensions and de-risking legislation.
Requirements
  • Pension qualification: preferably holding or working towards PMI.
  • Demonstrable experience in administering and onboarding DB pension schemes.
  • Knowledge of pension regulations for DB schemes, including wind-up requirements and interaction with PPF and FAS.
  • Understanding of buy-out, buy-in, and longevity insurance products and propositions.
  • Deep understanding of systems and processes required to meet annuity commitments.
  • Strong organisational and change management skills, with attention to detail and ability to prioritise tasks.
  • Proficient in using Microsoft products, especially Excel.
About Us

Legal & General is a leading financial services group and major global investor. We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone. We strive to be open, mindful, and inclusive, and are committed to supporting our employees' careers and wellbeing.