Pension Risk Transfer Manager

6 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.

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, benefit specifications, and site visits.
  • 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 that benefits are costed accurately and reflect the legal liabilities being taken on by L&G.
  • Undertake Post-Implementation Reviews for each scheme and meet with or report to Trustees, their advisers, and administrators as appropriate.
  • Maintain an excellent knowledge of the PRT proposition and processes of L&G, as well as any changes to pensions and de-risking legislation.
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.
  • Strong organisational and change management skills, with a demonstrated ability to prioritise and work independently, managing a high-volume of tasks and deadlines.
  • Proficient in using Microsoft products, especially Excel.
About Us

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. 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, so are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.

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