Senior Transition Manager

4 weeks ago

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

We are seeking a highly skilled Senior Transition Manager to join our Transition team at Legal & General. As a key member of our team, you will be responsible for the end-to-end scheme implementation and onboarding of a portfolio of Pension Risk Transfer (PRT) transactions.

Key Responsibilities
  • Take ownership of the implementation process, ensuring timely and accurate delivery of PRT transactions.
  • Support the PRT Business Development team in securing and maximizing new business opportunities by providing technical expertise.
  • Liaise with trustees, brokers, and administrators to agree on a timescale and process for verifying data and ensuring accurate benefit costing.
  • Establish and monitor actions against the agreed timetable, implementing remedial actions as necessary.
  • Conduct Post Implementation Reviews for each scheme and meet with or report to Trustees, their advisers, and administrators as required.
  • Maintain an excellent knowledge of the Pension Risk Transfer proposition and processes, as well as any changes to pensions and de-risking legislation.
Requirements
  • PMI Qualification.
  • Prince 2 Practitioner.
  • Demonstrable experience in administering and onboarding 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.
  • Strong problem-solving, analytical, and financial skills, with the ability to understand high volumes of customer data and pension benefit calculations.
  • Experience in leading or participating in beauty parades and presenting to Trustees and Advisers.
  • Understanding of the current challenges and opportunities in the Pension Risk Transfer market.
  • Strong organizational and change management skills, with attention to detail and the ability to prioritize and work independently.
  • Track record of building effective relationships in complex environments.
  • Demonstrable background in adapting to trends and openness to new ideas.
What We Offer
  • Competitive Salary.
  • 12% Car Allowance.
  • Holiday Allowance - 30 days plus all UK bank holidays.
  • Pension Contribution - L&G matches personal contributions up to 5% and provides a further contribution of 10% per month.
  • Private Medical Insurance.
  • Life Insurance.
  • Income Protection.
  • Access to a host of further Optional Benefits upon joining L&G.

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