Senior Transition Consultant - Defined Benefits

This job is brought to you by Jobs / Redefined, the UK's leading over-50s age inclusive jobs board.

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 from our entrance in 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 them secure and protect scheme members' retirement benefits.

Joining us means you'll support customers' financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term 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're offering a competitive base salary, great benefits and the opportunity to work with Employee Benefit Consultants and Trustees of Defined Benefit Pension Schemes to develop scheme specific transition plans in order to reconcile scheme member data and accurately record the benefits secured.

This is a Hybrid Working opportunity, which will allow you to work between your home and our offices to find a work life balance that works for you.

What you'll be doing :

• Developing a 'scheme specific' transition plan for all transactions and providing this to all Trustees, their advisers and all interested parties within L&G. This will include creating appropriate documentation to demonstrate how the transition project will be managed, and establishes the correct structures to control the transition of the scheme in the most efficient and timely manner.
• Analysing scheme benefits and data to draft legal agreements that allow all benefits to be properly administered by the Client Services administration areas.
• Performing first line peer reviews for team members to ensure that all teams within PRT have the correct benefit specification and data to guarantee that the customers receive their correct benefit entitlement and schemes are funded accurately.
• Taking responsibility for the progress of allocated schemes, including regular reviews, ensuring prompt and appropriate responses to customer communications and the provision of relevant information internally and externally.
• Supporting the new business origination team and the Transition Managers by offering advice on administration capabilities and attending site visits to gather an understanding of the quality of the data prior to transaction.
• Ensuring communication is delivered in a timely manner and ensuring there is a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.
• Assisting with the delivery of continuous improvement across PRT Client Services, by providing relevant MI as required.
• Ensuring all internal customers and any relevant third parties are kept updated in a timely fashion on any key information which impacts their processing to enable them to treat the end customer fairly.
• Supporting (in collaboration with the Transition Team Manager) the ongoing development of the team by providing appropriate support and training to less experienced members of the team.
• Ensuring customers have sufficiently tailored information to enable them to understand what is being communicated, including any action they need to take or when advice or further support may be required.

Qualifications

Who we're looking for :

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 :

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming 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 strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.

J-18808-Ljbffr