Defined Benefit Transition Manager
7 days ago
We are seeking a highly skilled Transition Manager to join our Institutional Retirement division at Legal & General. As a key member of our team, you will play a critical role in managing the end-to-end scheme implementation and on-boarding of new Pension Risk Transfer (PRT) business.
Key Responsibilities- Manage the complete end-to-end scheme implementation and on-boarding of a portfolio of new PRT business, ensuring seamless transitions and timely delivery.
- 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 and lead on 'scheme specific' transition plans for a portfolio of transactions, providing clear guidance to all stakeholders, including Trustees, their advisers, and L&G teams.
- Liaise with Trustees, brokers, and administrators to agree a timescale and process for verifying data, ensuring accurate benefit costing and legal liabilities.
- Undertake Post Implementation Reviews for each scheme, meeting with or reporting to Trustees, their advisers, and administrators as required.
- Pension qualification: Preferably holding or working towards PMI.
- Demonstrable experience in administering and on-boarding 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 and reinsurance products and propositions.
- Deep understanding of systems and processes required to meet annuity commitments, including data/benefit input, FR reconciliation, inception costings, and administration processes.
- 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 and work independently.
- Proficient in using Microsoft products, especially Excel.
- 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, with the option to buy and sell holiday.
- Competitive family leave.
- Participation in our electric car scheme, offering employees the option to hire a brand-new electric car through tax-efficient salary sacrifice.
- Access to a range of discounts on our own products and at high street stores and online.
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Defined Benefit Transition Manager
5 days ago
Hove, Brighton and Hove, United Kingdom Legal & General Full timeAbout the RoleWe are seeking a highly skilled and experienced Transition Manager to join our Defined Benefit 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 on-boarding of new Pension Risk Transfer (PRT) business, as well as assisting in maximizing both new and...
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Defined Benefit Transition Manager
5 days ago
Hove, Brighton and Hove, United Kingdom Legal & General Full timeAbout the RoleWe are seeking a highly skilled and experienced Transition Manager to join our Defined Benefit 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 on-boarding of new Pension Risk Transfer (PRT) business, as well as assisting in maximizing both new and...
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Defined Benefit Transition Manager
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Hove, Brighton and Hove, United Kingdom LegalAndGeneral Full timeAbout the RoleWe are seeking a highly skilled Transition Manager to join our team at Legal & General. As a key member of our Defined Benefit Transition team, you will play a critical role in managing the end-to-end scheme implementation and on-boarding of new Pension Risk Transfer (PRT) business.Key ResponsibilitiesManage the complete end-to-end scheme...
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Defined Benefit Transition Manager
5 days ago
Hove, Brighton and Hove, United Kingdom LegalAndGeneral Full timeAbout the RoleWe are seeking a highly skilled Transition Manager to join our team at Legal & General. As a key member of our Defined Benefit Transition team, you will play a critical role in managing the end-to-end scheme implementation and on-boarding of new Pension Risk Transfer (PRT) business.Key ResponsibilitiesManage the complete end-to-end scheme...
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Hove, Brighton and Hove, United Kingdom Legal & General Full timeAbout the RoleWe are seeking a highly skilled Transition Manager to join our Institutional Retirement division at Legal & General. As a key member of our team, you will play a critical role in managing the end-to-end scheme implementation and on-boarding of new Pension Risk Transfer (PRT) business.Key ResponsibilitiesManage the complete end-to-end scheme...
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