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Company 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 secure and protect scheme members' retirement benefits.
Joining us means you'll support customers' financial security in retirement; help companies settle their pension liabilities; focus on growing 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, excellent 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 achieve a work-life balance that suits you.
What you'll be doing:
* Developing a scheme-specific transition plan for all transactions and providing this to Trustees, their advisers, and all interested parties within L&G, including creating documentation to demonstrate how the transition project will be managed and establishing the correct structures for efficient and timely scheme transition.
* Analyzing scheme benefits and data to draft legal agreements that ensure benefits are properly administered by the Client Services team.
* Performing peer reviews to ensure benefit specifications and data are correct, guaranteeing customers receive their rightful benefits and schemes are accurately funded.
* Managing the progress of allocated schemes, including regular reviews, responding promptly to customer communications, and providing relevant information internally and externally.
* Supporting the new business team and Transition Managers with advice on administration capabilities and attending site visits to assess data quality prior to transactions.
* Ensuring timely communication and maintaining a full audit trail of all benefit and data items throughout the onboarding process.
* Contributing to continuous improvement initiatives within PRT Client Services by providing relevant MI data.
* Keeping internal and external stakeholders updated on key information affecting their processing to ensure fair treatment of end customers.
* Supporting team development by providing training and guidance to less experienced team members.
* Providing tailored information to customers to help them understand communications, actions needed, or when further support is required.
Qualifications
Who we're looking for:
* Pension qualification such as CII or PMI (or demonstrable equivalent experience)
* Knowledge of pension regulations for DB schemes, especially de-risking processes
* Understanding of benefit structures and administration in Defined Benefit schemes
* Ability to manage tight deadlines, prioritize tasks, and escalate issues when necessary
* Accurate and cost-effective service delivery with a focus on first-time right
* Awareness of team and business risks with proactive risk mitigation
* Strong organizational skills, with project management experience being advantageous
* Excellent written and verbal communication skills
* Customer-focused approach to maintaining and enhancing relationships with internal and external stakeholders
Benefits
* Participation in annual performance-related bonus and share schemes
* Generous pension contributions
* Life assurance, private medical insurance
* At least 25 days holiday plus public holidays, with options to buy or sell holiday
* Family leave policies
* Electric car salary sacrifice scheme
* Employee discounts and redesigned workspaces promoting wellbeing
Additional Information
At L&G, we believe in generating positive returns today while building a better future for all.
Join us to be part of an inclusive culture that values diversity, integrity, and your future wellbeing. We support flexible working arrangements, including part-time, term-time, and job shares, where feasible.
Don't worry if you don't meet every criterion—consider your strengths, potential, and how you connect with our purpose.
Videos To Watch
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