As a Senior Transition Manager, you'll be working in the Client Services team of one of the leading Pension Risk Transfer (PRT) businesses in the UK.  Despite the recent Covid challenges, our business has been growing from strength to strength and we are looking for more people to join our team.

The Transition Management team is responsible for the onboarding of all new PRT transactions and supporting the wider business with the ongoing administration of our existing portfolio of schemes.

You will be involved in some of the largest transactions in this market and working with Scheme Trustees, Administrators, Employee Benefit Consultants and colleagues across the business to lead the on-boarding of all new PRT business and manage an allocated portfolio of existing schemes. You will also be supporting business development colleagues with various new business opportunities and playing an important part in helping us win these deals.

In this senior role you will:

• Develop a ‘scheme specific’ implementation plan for a portfolio of  transactions and provide to all Trustees, their advisers and to all interested parties within L&G appropriate documentation demonstrating how the implementation project is being handled. Establish and maintain the correct structures to control and install the scheme in the most efficient and timely manner

• Work closely with the Pensions Risk Transfer (PRT) Business Development function where required to assist in maximising new business opportunities at tender, beauty parade and site visit stages and with production of opportunity specific project documentation and marketing material.

• Work closely with the PRT Business Development function, overseeing all aspects of the implementation process, establishing and managing work streams if required, and ensuring all milestones within the project plan are achieved in a way that takes into account the fair treatment of all customers.

• Take responsibility for liaising with trustees, brokers and administrators, agreeing a timescale and process for verifying data to ensure that benefits are costed accurately and reflect the legal liabilities being taken on by L&G. Establish and monitor actions against the agreed timetable and put remedial actions in place.

• Undertake a Post Implementation Review for each scheme, meeting with or reporting to the Trustees and their advisers and administrators as appropriate. Maintain an excellent knowledge of the Pension Risk Transfer proposition and processes along with any changes of pensions and de-risking legislation.

• Support the development of Pension Risk Transfer Implementation capability across all future active territories and UK business structures.

• Keep relevant PRT implementation MI up-to-date and provide to management team as appropriate and in a timely manner.

• Prince II Practitioner, or equivalent Project Management qualification

• Knowledge of pension regulations for DB schemes, including a detailed understanding of the requirements for schemes in the course of wind-up, and the interaction with PPF and FAS.

• In depth understanding of buy-out, buy in and an understanding of longevity insurance and reinsurance products and propositions.

• A deep understanding of systems and processes required to meet annuity commitments. This includes processes around data/benefit input, FR reconciliation, inception costings, administration processes and customer communication.

• Good problem solving, analytical and financial skills; ability to understand high volumes of customer data as well as pension benefit calculations.

• Demonstrable experience in administering and on-boarding defined benefit pension schemes.

• Strong experience in leading and/ or participating in beauty parades and presenting to Trustees and Advisers. 

• An understanding of the current challenges and opportunities in the Pension Risk Transfer market would be an advantage

• Strong organisational and change management skills and attention to detail, with a demonstrated ability to prioritise and work independently, managing a high-volume of tasks and deadlines.

• Track record of building effective relationships in complex environments

• Validated  background in adapting to trends and openness to new ideas

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, 30 days' holiday, private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme. Your hard work will be rewarded when you join us.