Pension Transitions Consultant at LegalAndGeneral

Brighton and Hove, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

25 Jun, 26

Salary

0.0

Posted On

27 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Pension Qualification, Defined Benefit Schemes, De-risking Processes, GDPR, TCF, Communication, Organization, Project Management, Prioritization, Stakeholder Collaboration, Customer Focus, Data Analysis, Benefit Specification, Audit Trails, Legal Agreement Drafting

Industry

Financial Services

Description

Company Description Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer. Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider. Who we are Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023. Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us. Job Description We’re currently recruiting for a Transitions Consultant to join our Award Winning Pension Risk Transfer Business. By joining our Transitions team as a Transitions Consultant, you’ll play a key role in onboarding new Pension Risk Transfer (PRT) business into L&G. You’ll work closely with trustees, consultants and other internal teams to ensure that benefits are correctly recorded and administered. This is a hybrid working opportunity, which will allow you to work between both your home and the office to find a work-life balance that works for you. What you'll be doing: Analysing scheme benefits and data to support legal agreement drafting Ensuring benefit specifications and data are accurate across all teams Managing the progress of allocated schemes and responding to communications Supporting new business origination and attending site visits Advising on administration capabilities and data quality pre-transaction Following processes to maintain audit trails throughout onboarding Collaborating with internal and external stakeholders to share key updates Contributing to excellent customer outcomes through timely and accurate work Qualifications Who we're looking for: Holding a pension qualification such as CII or PMI, or equivalent experience Understanding Defined Benefit pension schemes and de-risking processes Demonstrating knowledge of relevant legislation including GDPR and TCF Communicating clearly and professionally in both written and verbal formats Organising and managing projects effectively Prioritising tasks and escalating when needed Building strong relationships with internal and external stakeholders Delivering accurate and cost-effective service with a customer-first mindset Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer: The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes Generous pension contribution Life assurance Healthcare Plan At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday Competitive family leave Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice There are the many discounts we offer – both for our own products and at a range of high street stores and online In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart Additional Information At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive 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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US) L&G Business Unit: Legal & General Retirements Institutional L&G sub Business Unit: INSTITUTIONAL RETIREMENTS Primary Location: Hove, One City Park Job Family: Defined Benefits

Responsibilities

The consultant will play a key role in onboarding new Pension Risk Transfer (PRT) business by analyzing scheme benefits and data to support legal agreement drafting and ensuring benefit specifications are accurate across all teams. Responsibilities also include managing scheme progress, responding to communications, supporting new business origination, and advising on administration capabilities pre-transaction.