JUMP TO CONTENT

Defined Benefit - Senior Transition Consultant

  1. Hove
  2. Full-time
  3. Defined Benefits

__jobinformationwidget.freetext.ExternalReference__

895_01988


Company Description

Securing pensions over the long term can be a challenge for many businesses.

Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension 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 closely with 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 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.

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 the team, 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 within L&G.

Additional Information

  • 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

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.

Great news! We will let you know when a new job like this has been added!

Similar roles

List #1

Our latest posts

A woman with red hair and a floral top on a laptop in a colourful office
Core skills for established Data Analysts

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

07/12/2024

Summary

We all live in a data-driven world, where businesses generate approximately 328.77 million terabytes of data every day. This is a huge amount of data that can be really overwhelming for any busi

Teaser

In a world where businesses generate over 328 million terabytes of data daily, mastering data analysis skills is crucial to transforming overwhelming raw data into valuable insights that drive vital business decisions.

Read more
Photo of a headshot of Bindu, a women in a black and white outfit smiling in a garden
Women in data: Bindu Bakrania's career journey as Head of Data Analytics, Private Markets

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

07/10/2024

Summary

At Legal & General, we like to share our employee’s stories and celebrate their success. Bindu Bakrania has been with us since April 2023 and has achieved immense growth in her career in data analy

Teaser

Discover Bindu Bakrania's inspiring journey of growth in data analytics at Legal & General, and learn how her passion for coding and dedication to overcoming challenges have led her to success.

Read more
Photo of Gemma, in the woods, holding her pet dog and smiling while taking a selfie.
From fashion to finance: Gemma's journey of career growth and personal development

Teaser

Our people

Content Type

Blog

Publish date

06/27/2024

Summary

At Legal and General, we see the potential in you. If you do not have a strong background in financial services and have worked as an Analyst in other industries, for example, those skills are tra

Teaser

Gemma's remarkable journey at Legal & General showcases the transformative power of a supportive and inclusive workplace.

Read more
Two women at a desk on a laptop in a work meeting in the office with a big screen behind them.
Can actuaries be replaced by AI?

Teaser

Finance & Actuary

Content Type

Blog

Publish date

06/19/2024

Summary

In the current quickly evolving digital terrain, the integration of artificial intelligence (AI) and advanced technologies into various industries is reshaping many traditional roles. Actuarial scie

Teaser

Discover the evolving role of actuaries in the age of AI and explore exciting career opportunities at Legal & General.

Read more
Female data engineer working on her laptop at a desk in a modern office
What skills do Data Engineers need?

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

06/11/2024

Summary

At Legal & General, we’re committed to creating an environment where people can thrive in their careers. We understand the important role that Data Engineers play in our mission to build a more sustai

Teaser

Curious about the skills you need to thrive as a Data Engineer? Dive into our guide and explore how you can shape the future of financial services and asset management at Legal & General.

Read more

by

Enrique Rodriguez

by

Enrique Rodriguez

Picture of a female Risk Manager at her desk with a laptop in an office
Is it hard to be a Risk Manager?

Teaser

Our people

Content Type

Blog

Publish date

05/30/2024

Summary

Risk Management a { text-decoration: underline; } According to a recent report by the International Risk Management Institute, the demand for skilled Risk Managers is growing. As a

Teaser

Discover the dynamic world of risk management, where challenges meet opportunities and your expertise shapes the future of business.

Read more
man sat at a laptop with a headset on
What are the top 5 emerging cyber security challenges?

Teaser

Technology, Digital & Data

Content Type

Blog

Publish date

05/07/2024

Summary

Data breaches cost businesses an average of $4.35 million in 2022 globally and such breaches have continued to become one of the biggest cyber security threats. In the ever-evolving digital landsc

Teaser

Together, we're harnessing innovation and expertise to safeguard against the ever-evolving challenges of the digital age

Read more
man in headset at a computer smiling at his colleague
What takes customer service from good to great?

Teaser

Customer Service & Sales

Content Type

Blog

Publish date

05/07/2024

Summary

In the dynamic realm of customer service, the difference between good and great can be significant. 82.5% of customers whose overall satisfaction with an organisation is 9 or 10 out of 10, also

Teaser

At Legal & General, we're committed to exceptional customer experiences, setting high standards in financial services.

Read more
group of women sitting in a line with a keynote speaker stood in front
Black Women in Asset Management connect at L&G

Teaser

Investments

Content Type

Blog

Publish date

04/25/2024

Summary

At Legal & General we’re committed to creating an inclusive workplace, one that helps us to better represent the customers and clients we serve. That’s why we partner with a range of organisatio

Teaser

“The more we actively create opportunities like this, the more it will become ‘the way we do things around here”

Read more
two people in suits sat at a desk pointing at print outs of graphs
5 reasons to bring your actuarial career to the UK

Teaser

Finance & Actuary

Content Type

Blog

Publish date

04/08/2024

Summary

Shifting gears in your career isn't just about making a decision; it's a chance to chart a new course, unlock new challenges and make a real impact. If you’ve got your sights set on the UK, you

Teaser

Imagine yourself stepping into a vibrant financial services landscape, where each day brings new opportunities for growth. That's precisely what you'll find in the UK.

Read more
View all

Job search

What we do?

There’s so much more to us than meets the eye. We’re insurers, investors, builders, city-regenerators and green technology champions.

And whatever the future holds, our people’s knowledge, skill and passion will mean we’re placed to make a real difference to society.

Click here to join us
Search for jobs