Asset Transition Project Manager

Job Description

We are looking for an Asset Transition Project Manager to join the LifeSight Onboarding Team, playing a pivotal role in delivering the successful transition of pension assets and member records into LifeSight for participating employers. This role sits at the heart of our pension scheme onboarding process, ensuring the efficient and accurate transfer of assets into one of the UK's leading defined contributions (DC) master trusts while delivering a positive experience for employers, trustees and members.

LifeSight, WTW's DC master trust, is a key pillar of our long-term pension growth strategy and one of the most significant developments in the UK pensions market. As more employers seek innovative, efficient and member-focused pension solutions, LifeSight continues to experience rapid growth and market recognition. Our ambition is to become the leading provider of outsourced pension solutions for large employers, setting the standard for innovation, governance and member outcomes. With more than £30 billion in assets under management and over 450,000 members, LifeSight is already one of the UK's largest DC pension arrangements, and our strong pipeline of new business will drive continued growth in the years ahead.

The Role

Part of the role will also be to manage the relationship with LifeSight's Platform provider and being the subject matter expert on the asset transition aspects of tender responses and pitches. Management of asset transition and provider aspects of Employer driven projects and other LifeSight wide changes. The role will be hybrid and therefore the location is flexible for the right candidate although travel around the UK will be required for face-to-face meetings with clients and interaction with the LifeSight teams in each of London and Redhill.

Asset transitions:

• Project management of asset transitions including liaising with incumbent investment managers, the administrator(s), LifeSight client relationship manager,
• legal advisers and incumbent Trustee/Company representatives
• Review of legal documentation
• Co-ordination of requirements from all parties
• Development and maintenance of transition project plan
• Attendance at meetings as required (may involve travel)
• Review fund mapping proposals for implementation in line with system ability
• Calculation of estimated and actual transaction costs
• Recommend suitable transition approach
• Escalation point of contact for problem-solving either at planning stage or during implementation in respect of the asset transition

Platform provider relationship management:

• Monitoring of service levels of the platform provider
• Attendance at Joint Management Committee meetings
• Assist in leading the relationship with LifeSight's platform provider working cross team to ensure satisfactory service is maintained
• Management of fund changes including coordinating with all parties impacted by change

Ad hoc:

• Ongoing development of processes for LifeSight product and asset transitions
• Assist in the preparation of tender responses, including drafting responses estimated transaction costs, transition approach and fund mapping
• Attendance as required at participating employer meetings, LifeSight Trustee meetings, pitches
• Subject matter expert for queries arising from internal teams.

Qualifications

What you'll bring

• Previous experience of DC pensions within a project management capacity
• Experience of managing asset transitions
• Broad understanding of product and operational aspects of a master trust like LifeSight
• Experience of pension administration processes and investment transition approaches available for master trusts
• Collaborative style, with excellent written and verbal communication skills
• Good stakeholder management skills and ability to negotiate
• Good experience of Microsoft Project and Excel
• Ability to manage a large and diverse workload
• Ability to adapt to evolving requirements and work under pressure
• Firm commitment to Professional Excellence and delivering a high-quality service
• Great team player with ability to develop and challenge ideas to solve client/business needs
• Good working knowledge of Microsoft Word, PowerPoint

What we offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company.

We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.

Equal Opportunity Employer
We're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com