Senior Transition Consultant

2 months ago


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

About the Role

We are seeking a highly skilled and experienced Senior Transition Consultant to join our team at Legal & General. As a key member of our Transition team, you will play a critical role in the development of 'scheme specific' transition plans for Pension Risk Transfer (PRT) transactions.

Key Responsibilities

  • Work closely with stakeholders in PRT to establish and control the most efficient way to transition each scheme.
  • Analyse scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration teams.
  • Ensure that all teams within PRT have the correct benefit specification and data to guarantee that the customers receive their correct benefit entitlement and that schemes are funded accurately.
  • Perform First Line peer reviews for team members on these documents.
  • Take responsibility for the progress of allocated schemes, including regular reviews, to ensure prompt and appropriate responses to customer communications and the provision of relevant information (both internally and externally).
  • Ensure there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.
  • Support the PRT 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.
  • Support the ongoing development of the team by providing appropriate support and training to less experienced members of the team (in collaboration with the Transition Team Manager).

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, is essential.
  • An understanding of the way benefits are structured and administered in Defined Benefit schemes is essential.
  • 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.

What We Offer

  • Competitive Salary
  • Holiday Allowance – 25 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
  • As well as access to a host of further Optional Benefits upon joining L&G


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