Scheme Transition Specialist

4 weeks ago

Potters Bar, United Kingdom Canada Life Group (UK) Ltd (The) Full time

Job Summary:

We are seeking a skilled Scheme Transition Specialist to join our team at Canada Life Group (UK) Ltd (The). As a key member of our team, you will be responsible for providing project management of our existing portfolio and onboarding of new bulk annuity business through the end-to-end process.

Key Responsibilities:

  • Project manage all assigned transitions from exclusive appointment, or earlier if required, ensuring timely completion of all tasks in line with client and business expectations.
  • Be the main contact for your own portfolio of new client installs, attending beauty parades, regular transition calls/meetings with the client, and as required by the ceding third-party administrator.
  • Oversee the transfer of assets for new clients, involving end-to-end planning of the asset transition and data migration for new business.
  • Ensure that all delivery promises and performance standards are achieved.
  • Communicate and agree operational tasks for all schemes in transition, such as movement reporting and payroll funding with the client, agreeing non-standard processes internally before implementing with clients.
  • Ensure understanding of final data and data queries, managing queries between Canada Life and the client until finalized data schedules are agreed to a satisfactory level to be handed over to Operational Teams.
  • Be a point of reference on technical issues and administration-related queries.
  • Work with your team and the business to create a positive working environment.
  • Provide an efficient, professional service to meet all client/members' needs and to promote the Canada Life brand.

Requirements:

  • Strong knowledge of DB pensions and previous experience in dealing with DB pensions administration, particularly deferred liabilities.
  • Experience of working on projects or implementations.
  • An understanding of DB pensions, pension scheme administration requirements, and systems.
  • An understanding of DB de-risking administration requirements and how they differ from standard pensions administration.
  • Strong numeracy and analytical skills.
  • Able to grasp complex financial/actuarial concepts and methodologies.
  • Able to organize work under pressure and to tight deadlines.
  • Good knowledge of all products, processes, and procedures within the team.
  • Able to assist between all teams as demand requires.
  • Able to develop good working relationships within the team and with internal and external customers.

About Us:

At Canada Life Group (UK) Ltd (The), we believe in recognizing and rewarding our people. We offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package, including a generous pension and bonus scheme, along with income protection, private medical insurance, and life assurance.

We have a fantastic number of other benefits and support services, as well as regular personal and professional development. Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers, and community and helping others to build better futures.

We want colleagues to have rewarding careers with us, so we invest in the development of our people, technology, and workplaces. That's why we offer a range of training, flexible working, and opportunities to grow and develop.

We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part-time, for any of our roles should this be a requirement for you.

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