Transition Manager

4 weeks ago


Hove, Brighton and Hove, United Kingdom Legal & General Full time
Job Title: Transition Manager

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

Key Responsibilities:
  • Manage the complete scheme implementation process, including data verification, benefit costing, and administration processes.
  • Support the PRT Business Development team in maximising new and existing business opportunities, including beauty parades, risk assessments, and project documentation.
  • Develop and lead on 'scheme specific' transition plans for a portfolio of transactions, providing clear communication to all stakeholders.
  • Collaborate with stakeholders to establish and control the most efficient way to transition each scheme.
  • Verify data with trustees, brokers, and administrators to ensure accurate benefit costing and legal liabilities.
  • Undertake Post Implementation Reviews for each scheme and meet with or report to Trustees, their advisers, and administrators as required.
Requirements:
  • Pension Qualification: Preferably holding or working towards PMI.
  • Prince 2 Practitioner (desirable)
  • Demonstrable experience in administering and on-boarding 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 products and propositions.
  • Deep understanding of systems and processes required to meet annuity commitments.
  • Ability to keep up-to-date with legislative changes and understand the legal framework around de-risking and buy-in/buy-out contracts.
  • Strong organisational and change management skills, with attention to detail and ability to prioritise tasks.
  • Proficient in using Microsoft products, especially Excel.
What We Offer:
  • Competitive Salary
  • Holiday Allowance – 27 days plus all UK bank holidays
  • Pension Contribution – L&G match any personal contributions up to 5% and provide a further contribution of 5% per month
  • Private Medical Insurance
  • Life Insurance
  • Income Protection
  • Access to a host of further Optional Benefits upon joining L&G

Legal & General is a leading financial services organisation, committed to delivering value for our customers and society. We're a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. If you're open to finding out more, we'd love to hear from you.


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