Defined Benefit Transition Manager

4 days ago

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

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

Key Responsibilities
  • Manage the complete end-to-end scheme implementation and on-boarding of a portfolio of new PRT business
  • Support the PRT Business Development team to maximise both new and existing business opportunities at tender
  • Develop 'scheme specific' transition plans to establish and control the most efficient way to transition each scheme into L&G
  • Liaise with trustees, brokers and administrators to agree a timescale and process for verifying data to ensure accurate benefit costing
  • Maintain an excellent knowledge of the PRT proposition and processes of L&G, as well as any changes to pensions and de-risking legislation
Requirements
  • Pension Qualification: Preferably holding or working towards PMI
  • Demonstrable experience in administering and on-boarding Defined Benefit (DB) pension schemes
  • Knowledge of pension regulations for DB schemes, including a detailed understanding of the requirements for schemes in the course of wind-up, and the interaction with PPF and FAS
  • An in-depth understanding of buy-out, buy-in and an understanding of longevity insurance and reinsurance products and propositions
  • A deep understanding of systems and processes required to meet annuity commitments
  • Highly customer focused and understands the need to maintain and improve relationships with both internal and external customers
  • Strong organisational and change management skills and attention to detail, with a demonstrated ability to prioritise and work independently, managing a high-volume of tasks and deadlines
  • Proficient in using Microsoft products, especially Excel
What We Offer
  • The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
  • Generous pension contribution
  • Life assurance
  • Private medical insurance
  • 27 days holiday, plus public holidays, plus there's also the option to buy and sell holiday
  • Competitive family leave
  • Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
  • Many discounts we offer – both for our own products and at a range of high street stores and online

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