Senior Transition Consultant - Defined Benefits
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 Bermuda. We work with companies, DB pension schemes, and their advisors to help secure and protect scheme members’ retirement benefits.
Joining us means supporting customers’ financial security in retirement, helping companies settle pension liabilities, and enabling 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 salary, great benefits, and the chance 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 benefits.
This is a Hybrid Working role, allowing a balance between home and office work.
What you'll be doing:
* Develop scheme-specific transition plans and communicate with Trustees, advisors, and stakeholders.
* Analyze scheme benefits and data to draft legal agreements for benefit administration.
* Perform peer reviews to ensure benefit specifications and data accuracy.
* Manage scheme progress, respond to communications, and provide relevant information.
* Support new business and attend site visits to assess data quality.
* Ensure timely communication and maintain an audit trail of all benefit and data items.
* Contribute to continuous improvement initiatives and provide MI reports.
* Keep internal and external stakeholders updated.
* Support team development through training and mentorship.
* Provide clear information to customers about actions and next steps.
Qualifications
* Pension Qualification such as CII or PMI, or equivalent experience.
* Knowledge of pension regulations for DB schemes, especially de-risking processes.
* Understanding of benefits structure and administration in DB schemes.
* Ability to manage tight deadlines and prioritize tasks.
* Accuracy and cost-effectiveness in service delivery.
* Risk awareness and proactive risk mitigation skills.
* Strong organizational and project management skills.
* Excellent communication skills.
* Customer-focused with strong relationship management skills.
Additional Benefits
* Performance-related bonus and share schemes.
* Generous pension contributions, life assurance, private medical insurance.
* At least 25 days holiday plus public holidays, with holiday buy/sell options.
* Family leave, electric car scheme, discounts, and modern office spaces.
Additional Information
At L&G, we foster an inclusive culture, support flexible working, and value diverse backgrounds. We encourage applications from all candidates, even if you don’t meet every criterion, focusing on your strengths and potential.
Job Details
* Seniority level: Not Applicable
* Employment type: Full-time
* Job function: Finance
This job is active and accepting applications.
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