Defined Benefit Scheme Administrator

2 weeks ago


London, Greater London, United Kingdom LegalAndGeneral Full time

Job Summary

We are seeking a highly skilled Senior Transition Consultant to join our Award Winning Pension Risk Transfer business.

The successful candidate will work closely with Employee Benefit Consultants and Trustees of Defined Benefit Pension Schemes to develop scheme specific transition plans.

Key Responsibilities

  • Analysing 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)
  • An understanding of the way benefits are structured and administered in Defined Benefit schemes (is essential)
  • Ability to manage tight timescales, prioritise own work and/or escalate if necessary

What We Offer

  • A competitive base salary of approximately £60,000 - £80,000 per annum, depending on experience
  • 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. There's also the option to buy and sell holiday
  • Competitive family leave


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