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- Tasks: Develop transition plans and manage pension scheme data for clients.
- Company: Join Legal & General, the UK's longest-running insurer since 1987.
- Benefits: Enjoy hybrid working, competitive salary, bonuses, and generous holiday options.
- Why this job: Make a real impact on financial security while working in a supportive, inclusive culture.
- Qualifications: Pension qualification or equivalent experience; strong communication and project management skills required.
- Other info: We welcome diverse applicants and focus on your strengths and potential.
The predicted salary is between 48000 - 72000 £ per year.
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.
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.
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.
Senior Transition Consultant - Defined Benefits employer: Legal & General
Contact Detail:
Legal & General Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Transition Consultant - Defined Benefits
✨Tip Number 1
Familiarise yourself with the latest pension regulations and de-risking processes for defined benefit schemes. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in this field.
✨Tip Number 2
Network with professionals in the pension risk transfer industry, especially those who work with Employee Benefit Consultants and Trustees. Attend relevant seminars or webinars to make connections and gain insights that could be beneficial during your application process.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed tight deadlines and prioritised tasks in previous roles. This will showcase your organisational skills and ability to handle the demands of a Senior Transition Consultant.
✨Tip Number 4
Research Legal & General's recent projects and initiatives in the pension sector. Being knowledgeable about their work will allow you to tailor your conversations and show genuine interest in contributing to their goals.
We think you need these skills to ace Senior Transition Consultant - Defined Benefits
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pension risk transfer and defined benefit schemes. Use specific examples that demonstrate your understanding of pension regulations and your ability to manage tight deadlines.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your skills align with the responsibilities of a Senior Transition Consultant and express your enthusiasm for supporting customers' financial security in retirement.
Highlight Relevant Qualifications: Clearly state any pension qualifications you hold, such as CII or PMI, and provide context on how your knowledge of de-risking processes and benefits structure can contribute to the team.
Showcase Communication Skills: Since the role involves communicating with Trustees and stakeholders, include examples in your application that demonstrate your strong communication and relationship management skills. This could be through previous roles or projects where you successfully managed stakeholder expectations.
How to prepare for a job interview at Legal & General
✨Understand the Pension Landscape
Familiarise yourself with the current trends and regulations in defined benefit pension schemes. Being knowledgeable about de-risking processes and recent changes in legislation will show your commitment and expertise in the field.
✨Prepare for Scenario-Based Questions
Expect to be asked how you would handle specific situations related to scheme transitions or data management. Prepare examples from your past experience that demonstrate your problem-solving skills and ability to manage tight deadlines.
✨Showcase Your Communication Skills
As a Senior Transition Consultant, you'll need to communicate effectively with various stakeholders. Practice articulating complex information clearly and concisely, as well as demonstrating your ability to build relationships with clients and team members.
✨Highlight Your Organisational Skills
Discuss your project management experience and how you prioritise tasks to meet deadlines. Provide examples of how you've successfully managed multiple projects simultaneously while maintaining accuracy and attention to detail.
