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 looking for a Transitions Manager to join our Award-Winning Pension Risk Transfer business.
This is a key role, which involves supporting the successful transition of new Pension Risk Transfer business, working with trustees, advisers, administrators, brokers and internal teams to make sure schemes are planned, managed and delivered effectively.
You’ll take ownership of scheme-specific transition plans, support new business activity and help ensure customer outcomes remain at the centre of the transition process. It’s a great opportunity for someone with strong DB pensions and/or PRT experience who enjoys managing complex projects, building trusted relationships and keeping delivery on track.
This is a hybrid working opportunity, which will allow you to work flexibly between your home and the office, to help you find a work-life balance that works for you.
What you'll be doing:
Developing scheme-specific transition plans for a portfolio of PRT transactions
Managing end-to-end transition activity across agreed timelines, risks and milestones
Working with trustees, advisers, brokers and administrators to agree data and benefit verification processes
Supporting PRT Business Development activity, including tenders, beauty parades, site visits and opportunity-specific documentation
Leading internal workstreams and collaborating with teams across L&G to deliver successful transitions
Maintaining accurate transition MI and providing timely updates to the management team
Completing post-transition reviews and helping close out schemes effectively
Sharing technical knowledge and supporting the development of wider transition capability
Who we're looking for:
A pension qualification such as CII or PMI, or equivalent experience
Demonstrable experience in the Pension Risk Transfer market
Experience administering or onboarding defined benefit pension schemes
Strong knowledge of DB pension regulations, including wind-up requirements and interaction with PPF and FAS
Good understanding of buy-in, buy-out and wider pension de-risking activity
Strong project planning, prioritisation and delivery skills
Clear, confident communication skills with the ability to influence senior stakeholders
PRINCE2 Practitioner or equivalent project management experience would be beneficial, but is not essential
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…