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Senior Transition Consultant

2 months ago


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

We are seeking a highly skilled Senior Transition Consultant to join our Transition team at Legal & General. In this role, you will be responsible for developing 'scheme specific' transition plans for Pension Risk Transfer (PRT) transactions and providing these to Trustees, their advisers, and internal stakeholders.

Key Responsibilities
  • Analyzing scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration teams.
  • Ensuring that all teams within PRT have the correct benefit specification and data to guarantee that customers receive their correct benefit entitlement and that schemes are funded accurately.
  • Performing First Line peer reviews for team members on these documents.
  • Taking responsibility for the progress of allocated schemes, including regular reviews, to ensure prompt and appropriate responses to customer communications and the provision of relevant information.
  • Supporting the PRT New Business Origination team and the Transition Managers in the relationship management of key stakeholders.
Requirements
  • Pension Qualification such as CII or PMI or demonstrable equivalent experience.
  • Knowledge of pension's regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de-risking.
  • An understanding of the way benefits are structured and administered in Defined Benefit schemes.
  • Ability to provide an accurate and cost-effective service by getting it right first time.
  • A strong understanding of the risks to the team, and the business, and a desire to actively take steps to reduce these risks.
  • Strong organisational and change management skills and attention to detail.
  • Ability to manage tight timescales, prioritise own work, and/or escalate if necessary.
  • Clear written and verbal communication is essential.
What We Offer
  • Competitive Salary
  • Holiday Allowance – 25 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

Legal & General is a leading financial services organisation, named 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. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.