Pension Risk Transfer Manager

3 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, creating benefit specifications, and leading site visits.
  • Develop 'scheme-specific' transition plans for a portfolio of transactions and provide these to all Trustees, their advisers, and all interested parties within L&G to demonstrate how the transition project is being handled.
  • 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 a Post-Implementation Review for each scheme and meet with or report to the Trustees, their advisers, and administrators as appropriate.
  • Maintain an excellent knowledge of the Pension Risk Transfer proposition and processes of L&G, as well as 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.
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.
  • An understanding of the current challenges and opportunities in the Pension Risk Transfer market.
  • Strong organizational and change management skills and attention to detail, 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

At Legal & General, we offer a competitive package that looks after all the things that are important to you. This includes the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes, as well as generous pension contributions, life assurance, private medical insurance, and 27 days holiday, plus public holidays, plus the option to buy and sell holiday. We also offer competitive family leave and participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax-efficient salary sacrifice. Additionally, we offer many discounts on our own products and at a range of high street stores and online.

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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