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Defined Benefit Transition Consultant

2 months ago


Hove, United Kingdom Legal & General Full time
About the Role

We are seeking a highly skilled and experienced professional to join our Award-Winning Pension Risk Transfer business as a Transition Consultant. As a key member of our team, you will play a critical role in ensuring the smooth transition of defined benefit pension schemes to our clients.

Key Responsibilities
  • Benefits Analysis: Analyze scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by our Client Services administration areas.
  • Benefit Specification: Ensure that all teams within PRT have the correct benefit specification and data to guarantee that our customers receive their correct benefit entitlement and schemes are funded accurately.
  • Scheme Progress: Take responsibility for the progress of allocated schemes, including regular reviews, ensuring prompt and appropriate responses to customer communications and the provision of relevant information internally and externally.
  • Business Origination: Support 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.
  • Communication: Ensure communication is delivered in a timely manner and ensure there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.
  • Customer Support: Ensure all internal customers and any relevant third parties are kept updated in a timely fashion on any key information which impacts their processing to enable them to treat the end customer fairly.
  • Customer Education: Ensure customers have sufficiently tailored information to enable them to understand what is being communicated, including any action they need to take or when advice or further support may be required.
Requirements
  • Pension Qualification: Pension Qualification such as CII or PMI (or demonstrable equivalent experience).
  • Pension Regulations: Knowledge of pension's regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de-risking.
  • Benefit Administration: An understanding of the way benefits are structured and administered in Defined Benefit schemes.
  • Project Management: Ability to manage tight timescales, prioritize own work and/or escalate if necessary.
  • Customer Focus: Highly customer-focused with the ability to maintain and improve relationships with both internal and external customers.
  • Communication Skills: Clear written and verbal communication skills.
What We Offer
  • Competitive Salary: A competitive base salary.
  • Benefits Package: A generous benefits package, including life assurance, private medical insurance, and at least 25 days holiday.
  • Professional Development: Opportunities for professional development and career growth.
  • Work-Life Balance: A supportive work environment that encourages work-life balance.