Senior Transition Consultant - Defined Benefits

Legal & General; England; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading company in pension risk transfer is seeking a Senior Transition Consultant. In this hybrid role, you'll develop transition plans, analyze complex data, and foster relationships with stakeholders to ensure seamless pension fund management. This position offers competitive pay and comprehensive benefits.

Benefits

Performance-related bonus and share schemes

Generous pension contributions

Life assurance and private medical insurance

25 days holiday plus public holidays

Electric car salary sacrifice scheme

Discounts on products and services

Qualifications

• Knowledge of pension regulations for DB schemes.
• Ability to manage tight deadlines and prioritize work.
• Strong written and verbal communication skills.

Responsibilities

• Develop scheme-specific transition plans for transactions.
• Analyze scheme benefits and data to draft legal agreements.
• Manage the progress of allocated schemes with regular reviews.

Skills

Attention to detail

Customer-focused mindset

Organizational skills

Project management experience

Education

CII or PMI pension qualification

Job description

Legal & General looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market since 1987, we are the UK's longest-running insurer.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes, and their advisors to help them secure and protect scheme members' retirement benefits.

Joining us means you'll support customers' financial security in retirement; help companies settle their pension liabilities and grow their businesses; and enable long-term investment to back our pension promises.

Job Description

We're recruiting for a Senior Transition Consultant to join our award-winning Pension Risk Transfer business. We offer a competitive base salary, great benefits, and the opportunity to work with Employee Benefit Consultants and Trustees of Defined Benefit Pension Schemes to develop scheme-specific transition plans, reconcile scheme member data, and accurately record the benefits secured.

This is a hybrid working opportunity, allowing you to work between your home and our offices to find a work-life balance that suits you.

What you'll be doing:

• Developing scheme-specific transition plans for all transactions and providing these to Trustees, their advisors, and all interested parties within L&G. This includes creating documentation to demonstrate how the transition project will be managed and establishing structures to control the transition efficiently and promptly.
• Analyzing scheme benefits and data to draft legal agreements that ensure benefits are properly administered.
• Performing peer reviews to ensure benefit specifications and data are correct, guaranteeing customers receive their rightful benefits and schemes are funded accurately.
• Managing the progress of allocated schemes, including regular reviews and prompt responses to communications.
• Supporting the new business team and Transition Managers by advising on administration capabilities and attending site visits to assess data quality.
• Ensuring timely communication and maintaining an audit trail of benefit and data items throughout onboarding.
• Contributing to continuous improvement in PRT Client Services by providing relevant MI.
• Keeping internal and external stakeholders updated on key information affecting processing.
• Supporting team development through training and mentorship.
• Providing customers with tailored information to help them understand processes and actions required.

Qualifications

• Pension qualification such as CII or PMI, or demonstrable equivalent experience.
• Knowledge of pension regulations for DB schemes, including de-risking requirements.
• Understanding of benefit structures and administration in DB schemes.
• Ability to manage tight deadlines, prioritize work, and escalate issues as needed.
• Attention to detail to provide accurate, cost-effective service.
• Understanding of business risks and proactive risk mitigation.
• Strong organizational skills, with project management experience preferred.
• Excellent written and verbal communication skills.
• Customer-focused mindset to maintain and improve relationships with stakeholders.

Benefits

• Participation in performance-related bonus and share schemes.
• Generous pension contributions, life assurance, private medical insurance.
• At least 25 days holiday plus public holidays, with holiday purchase/sell options.
• Electric car salary sacrifice scheme.
• Discounts on products and services.
• Modern, collaborative office spaces prioritizing wellbeing.

Additional Information

At L&G, we promote a diverse and inclusive culture, supporting flexible working arrangements. We value potential and strengths over meeting every criterion and encourage you to apply if you believe you can contribute to our purpose.