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Pension Risk Transfer Specialist

1 month ago

London, Greater London, United Kingdom https:jobs-redefined.cositemap Full time
About the Role

We are seeking a highly skilled Pension Risk Transfer Specialist to join our team. As a key member of our Institutional Retirement division, you will work closely with companies, defined benefit pension schemes, and their advisors to help them secure and protect scheme members' retirement benefits.

Key Responsibilities:

  • Analyzing scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration areas.
  • Performing first line peer reviews for team members to ensure that all teams within PRT have the correct benefit specification and data to guarantee that the customers receive their correct benefit entitlement and schemes are funded accurately.
  • Supporting the new business origination team and the Transition Managers by offering advice on administration capabilities and attending site visits to gather an understanding of the quality of the data prior to transaction.
  • Ensuring communication is delivered in a timely manner and ensuring there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.

Requirements:

  • Pension Qualification such as CII or PMI (or demonstrable equivalent experience).
  • Knowledge of pension's regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de-risking (is essential).
  • A strong understanding of the risks faced by their team/the business and a desire to actively take steps to reduce these risks.
  • Strong organisational skills, with experience of project management being highly beneficial.

What We Offer:

  • The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
  • Generous pension contribution.
  • Life assurance.
  • Private medical insurance.
  • At least 25 days holiday, plus public holidays, 26 days after 2 years' service.
  • Competitive family leave.
  • Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice.
  • Many discounts we offer - both for our own products and at a range of high street stores and online.

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. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

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 discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.