Pension Scheme Transition Specialist

3 days ago


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

We are seeking a highly skilled Pension Scheme Transition Specialist to join our team at Canada Life Group (UK) Ltd. The successful candidate will be responsible for providing project management services for our existing portfolio and onboarding 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.
  • Main contact for your own portfolio of new client installs, attending beauty parade, regular transition calls/meetings with the client, and as required by the ceding third-party administrator.
  • Oversight of the transfer of assets for new clients, including end-to-end planning of asset transition and data migration for new business.
  • Ensure that all delivery promises and performance standards are achieved.
  • Communication and agreement of operational tasks for all schemes in transition, such as movement reporting and payroll funding with client, agreeing non-standard processes internally before implementing with clients.
  • Understanding of final data and data queries, managing queries between Canada Life and the Client until finalised data schedule is agreed to a satisfactory level to be handed over to Operational Teams.
  • Point of reference on technical issues and administration-related queries.
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.
  • Understanding of DB pensions, pension scheme administration requirements, and systems.
  • 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 organise work under pressure and to tight deadlines.
What We Offer:
  • A competitive salary of £60,000 - £80,000 per annum.
  • A comprehensive benefits package, including a generous pension and bonus scheme, income protection, private medical insurance, and life assurance.


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