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Senior Transition Consultant

Employer
Legal & General
Location
Brighton, East Sussex, United Kingdom
Salary
Competitive Salary
Closing date
May 23, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Securing pensions over the long term can be a challenge for many businesses.

Our ambition atLegal & General Retirement Institutional(LGRI)is to help companies and pension scheme trusteeshonour their defined benefitpension promises to their employees.

We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises.

In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders.We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.

Job Description


We are currently looking for a Senior Transition Consultant to join our Transition team here at L&G.

In this role you will work on the development of ‘scheme specific’ transition plans for Pension Risk Transfer (PRT) transactions and provide these to Trustees, their advisers and to all interested parties within L&G to demonstrate how the transition project is being handled. This will involve working closelywith stakeholders in PRT to establish and control the most efficient way to transition each scheme.

You will also analyse scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration teams. Ensuring 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. This will include performing First Line peer reviews for team members on these documents..

You will also 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). You will also ensure there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.

You will also support the PRT New Business Originationteam 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.

As well as supporting 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)

This is a hybrid working opportunity based from our Hove Offices, which will allow you to work flexibly between your home and the office to find a work/life balance that works for you.


Qualifications

  • 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 theteam, and the business, and a desire to actively takes 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. This includes policyholders, scheme members, legislative bodies, third parties and your colleagues withinL&G.

Additional Information

  • Competitive Salary
  • Holiday Allowance - 25days 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

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

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