Senior Transition Consultant
4 weeks ago
About the Role
We are seeking a highly skilled Senior Transition Consultant to join our Transition team at Legal & General. In this role, you will be responsible for developing 'scheme specific' transition plans for Pension Risk Transfer (PRT) transactions and providing these to Trustees, their advisers, and to all interested parties within L&G to demonstrate how the transition project is being handled.
You will work closely with stakeholders in PRT to establish and control the most efficient way to transition each scheme. This will involve analysing scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration teams.
Key Responsibilities:
- Analyse scheme benefits and data to draft legal agreements
- Develop 'scheme specific' transition plans for PRT transactions
- Work closely with stakeholders in PRT to establish and control the transition process
- Ensure all teams within PRT have the correct benefit specification and data
- Perform First Line peer reviews for team members on these documents
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
- An understanding of the way benefits are structured and administered in Defined Benefit schemes
- Ability to provide an accurate and cost-effective service by getting it right first time
- A strong understanding of the risks to the team, and the business, and a desire to actively take steps to reduce these risks
- Strong organisational and change management skills and attention to detail
- Ability to manage tight timescales, prioritise own work and/or escalate if necessary
- Clear written and verbal communication is essential
- Highly customer focused and understands the need to maintain and improve relationships with both internal and external customers
About Us
Legal & General is a leading financial services organisation, named 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're one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.
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. It doesn't matter if you don't meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. If you're open to find out more, we'd love to hear from you.
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