Senior Transition Consultant

3 weeks ago

Hove, Brighton and Hove, United Kingdom Legal & General Full time

About the Role

We are seeking a highly skilled Senior Transition Consultant to join our team at Legal & General. As a key member of our team, you will be responsible for developing and implementing transition plans for pension schemes, ensuring a smooth and efficient transition process for our clients.

Key Responsibilities

  • Develop and implement transition plans for pension schemes, ensuring compliance with regulatory requirements and best practices.
  • Analyse scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration areas.
  • 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.
  • Take responsibility for the progress of allocated schemes, including regular reviews, ensuring prompt and appropriate response to customer communications and the provision of relevant information internally and externally.
  • Support the new business origination team and the Transition Managers in the relationship management of key stakeholders, including participation at client meetings and presentations, and attending site visits to gather an understanding of the quality of the data prior to transaction.
  • Follow all processes to ensure communication in a timely manner and allow a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.
  • Assist in the delivery of continuous improvement across PRT Client Services, and in the provision of relevant management information when required.
  • 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.
  • In collaboration with the Transition Team Manager, support the ongoing development of the team by providing appropriate support and training to less experienced members of the team in new processes.
  • Consumer Duty - 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.

Qualifications and Experience

  • Pension Qualification such as CII or PMI or demonstrable equivalent experience
  • Knowledge of pension regulations for DB schemes, including a detailed understanding of the requirements for schemes in the process of de-risking, is essential
  • Understanding of the way benefits are structured and administered in Defined Benefit schemes is essential
  • Has a knowledge of the following legislation and remains compliant: GDPR, Money Laundering, Complaints, Treating Customers Fairly, Breach guidelines
  • Has a strong understanding of the risks to their team, and the business. Actively takes steps to reduce these risks.
  • Highly customer focused and understands the need to maintain and improve relationships with both internal and external customers.

About Us

At Legal & General, we are committed to providing our employees with a supportive and inclusive work environment. We offer a range of benefits, including 25 days holiday (excluding bank holidays), an annual supplement for private medical insurance, generous pension scheme and life assurance, and competitive family leave. We are proud to offer a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel. 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.

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