Transition Consultant

VN-18854

Permanent

Hove

Competitive salary, bonus and benefits

28 May 2021

The Client Services team is responsible for the onboarding and ongoing administration of all new business. The purpose of this role is to work with Employee Benefit Consultants and Pension Scheme Trustees of new Pension Risk Transfer (PRT) business and oversee the end to end scheme implementation.

The Client Services team is responsible for the onboarding and ongoing administration of all new business. The purpose of this role is to work with Employee Benefit Consultants and Pension Scheme Trustees of new Pension Risk Transfer (PRT) business and oversee the end to end scheme implementation.

 

Key responsibilities of this role include:

  • Reconcile scheme member data and accurately & contractually record the benefits secured.
  • Analyse scheme benefits and data to ensure completeness for final costing and downstream administration. Ensure that all teams within Client Services are kept aware of the scheme benefits and any technical system changes can be planned.
  • Draft legal agreements that allow all benefits to be properly administered by the Client Services administration areas.
  • Perform first line peer review for team members on Benefit Specifications and external emails and internal instructions.
  • Take responsibility for the progress of allocated schemes, including regular reviews, ensuring prompt and appropriate response to customer communications and the provision of relevant management information.
  • Meet specified internal quality and productivity levels set by the Transition Team Manager in order to achieve the throughput of new PRT business.
  • Ensure customers are provided with relevant information at appropriate times throughout the life of products to enable them to manage their reasonable expectations regarding the potential future benefits available.
  • Participate in Client meetings, demonstrating L&G’s capability and service.
  • Support Business Development, Transaction and Transition Managers by offering advice on administration capabilities and attending site visits to gather an understanding of the quality of the data prior to transaction.

Skills

  • DB Pensions Experience.
  • Previous experience in the Pension Risk Transfer market preferable, with a good understanding of the way benefits are structured and administered in Defined Benefit schemes.
  • Knowledge of pension’s regulations for DB schemes, including an understanding of the requirements for schemes in the course of wind-up.
  • Knowledge of relevant legislation and regulatory requirements such as GDPR, money laundering, complaints, treating customers fairly and breach guidelines.
  • Customer focused with both internal and external customers, including policyholders, scheme members, legislative bodies, third parties and colleagues
  • Some experience of managing multiple projects and ability to prioritise and manage pressure.
  • Interpersonal skills with the ability to communicate effectively at any level
  • Good problem solving, analytical and numerical skills
  • Proficient in all Microsoft Applications and working with pension scheme administration systems.

 

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 25 days’ holiday, private medical insurance, discretionary performance related bonuses, paid overtime, a variety of share schemes, discounts at both a huge range of high street stores and our own great products. Your hard work will be rewarded when you join us.

 

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders.  We are a market-leading and multi-award winning business.  

We work with companies and pension scheme trustees  to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we:

  • help companies to settle their pension liabilities and focus on growing their businesses
  • help to support individuals' financial security in retirement
  • invest for the long term to back our pension promises.

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

If you’d like more information about this opportunity please contact Khalifa Mustapha at Khalifa.Mustapha@lgim.com (LinkedIn: https://www.linkedin.com/in/khalifa-mustapha-81579a68/). Please note direct applications via email cannot be accepted for this role; only applications submitted through our careers website will be considered.

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders.  We are a market-leading and multi-award winning business.  

We work with companies and pension scheme trustees  to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we:

  • help companies to settle their pension liabilities and focus on growing their businesses
  • help to support individuals' financial security in retirement
  • invest for the long term to back our pension promises.

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Does this opportunity excite you but you’re not 100% sure if you meet all the requirements for the role? Or are you concerned that ‘normal’ office hours aren’t possible given your personal circumstances? We’re aware that candidates, especially women, can be put off from applying for a job unless they tick every box, or candidates who are parents or have other caring responsibilities may not think they can achieve the flexibility they need. If this is you, we’re keen to connect; and whilst we can’t accommodate every flexible working request, we’ll try to find a practical solution. So why not apply?

 

How to find out more

If you’d like more information about this opportunity please contact Khalifa Mustapha at Khalifa.Mustapha@lgim.com (LinkedIn: https://www.linkedin.com/in/khalifa-mustapha-81579a68/). Please note direct applications via email cannot be accepted for this role; only applications submitted through our careers website will be considered.