Transition Manager

3 weeks ago


Hove, Brighton and Hove, United Kingdom Legal & General Full time
Job Title: Transition Manager

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

Key Responsibilities:
  • Manage the complete scheme implementation process, including data verification, benefit costing, and administration processes.
  • Support the PRT Business Development team in maximising new and existing business opportunities, including tender preparation, site visits, and project documentation.
  • Develop and lead on 'scheme specific' transition plans for a portfolio of transactions, providing clear communication to all stakeholders.
  • Collaborate with stakeholders to establish and control the most efficient transition process for each scheme.
  • Verify data with trustees, brokers, and administrators to ensure accurate benefit costing and legal liabilities.
  • Undertake Post Implementation Reviews for each scheme and meet with or report to Trustees, their advisers, and administrators as required.
Requirements:
  • Pension Qualification: Preferably holding or working towards PMI.
  • Prince 2 Practitioner (desirable)
  • Demonstrable experience in administering and onboarding Defined Benefit (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.
  • Ability to keep up-to-date with legislative changes and understand the legal framework around de-risking and buy-in/buy-out contracts.
  • Strong organisational and change management skills, with attention to detail and ability to prioritise tasks.
  • Proficient in using Microsoft products, especially Excel.
What We Offer:
  • Competitive Salary
  • Holiday Allowance – 27 days plus all UK bank holidays
  • Pension Contribution – L&G match any personal contributions up to 5% and provide a further contribution of 5% per month
  • Private Medical Insurance
  • Life Insurance
  • Income Protection
  • Access to a host of further Optional Benefits upon joining L&G

We strive to be an inclusive and welcoming workplace, and we're committed to supporting our employees' career development and wellbeing. If you're passionate about pensions and risk management, and you're looking for a challenging and rewarding role, we'd love to hear from you.


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