At a Glance
- Tasks: Lead the onboarding of new Pension Risk Transfer business and develop tailored transition plans.
- Company: Join an award-winning team at a leading pension risk transfer company.
- Benefits: Enjoy competitive pay, generous holidays, healthcare, and flexible working options.
- Other info: Be part of a sustainable workplace aiming for net-zero carbon by 2030.
- Why this job: Make a real impact in the pensions sector while enjoying a balanced work-life.
- Qualifications: Pensions qualification or equivalent experience with strong knowledge of DB regulations.
The predicted salary is between 55000 - 65000 ÂŁ per year.
We’re currently recruiting for a Senior Transitions Consultant to join our Award Winning Pension Risk Transfer Business. By joining our Transitions team you’ll play a key role in onboarding new Pension Risk Transfer (PRT) business into L&G. You’ll work closely with Employee Benefit Consultants and Trustees 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 split your working week between your home and the office to find a work‑life balance that works for you.
What you’ll be doing:
- Developing and delivering scheme‑specific transition plans, including documentation, governance structures, and controls to ensure efficient and timely onboarding for Trustees, advisers, and internal stakeholders.
- Analyzing scheme benefits and data to support the drafting of legal agreements, ensuring benefits can be accurately administered by Client Services teams.
- Conducting first‑line peer reviews to ensure benefit specifications and data are accurate, enabling correct customer benefit payments and scheme funding.
- Taking end‑to‑end ownership of allocated schemes, monitoring progress, managing reviews, and responding promptly and appropriately to customer and stakeholder communications.
- Supporting new business origination and Transition Managers by advising on administration capabilities and attending site visits to assess data quality prior to transactions.
- Ensuring clear and timely communication with a complete audit trail across all benefit and data items throughout the onboarding lifecycle.
- Contributing to continuous improvement within PRT Client Services by producing relevant management information (MI) and sharing insights.
- Ensuring customers receive tailored, understandable communications that enable fair outcomes and appropriate action.
Who we’re looking for:
- Pensions qualification such as CII, PMI, or demonstrable equivalent experience.
- An in‑depth knowledge of DB pension regulations, including schemes undergoing de‑risking essential.
- Demonstrable understanding of Defined Benefit scheme structures and administration essential.
- Ability to manage tight deadlines and prioritise workload effectively.
- Ability to deliver a timely and accurate service, with a strong focus on getting things right first time.
- Strong risk awareness, including being able to proactively identify and mitigate risks to the team and business.
- Excellent organisational and project management skills, with hands‑on project experience being highly advantageous.
- A clear and professional communication style, that can be tailored to both internal and external stakeholders; including policyholders, members, regulators, third parties, and colleagues.
Benefits:
- The opportunity to participate in our annual, performance‑related bonus plan and valuable share schemes.
- Generous pension contribution.
- Life assurance.
- Healthcare Plan.
- At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday.
- Competitive family leave.
- Participate in our electric car scheme, which offers employees the option to hire a brand‑new electric car through tax‑efficient salary sacrifice.
- There are many discounts we offer – both for our own products and at a range of high street stores and online.
- We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience.
- We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part‑time, term‑time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.
Senior Pension Transitions Consultant in Hove employer: Banner Life Family of Companies
Contact Detail:
Banner Life Family of Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pension Transitions Consultant in Hove
✨Tip Number 1
Network like a pro! Reach out to your connections in the pensions industry and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to pension risk transfer and think about how your skills align with their needs. This will help you stand out as a candidate who truly gets what they’re about.
✨Tip Number 3
Practice your communication skills! Since you'll be dealing with various stakeholders, being able to convey complex pension concepts clearly is key. Try mock interviews with friends or use online resources to sharpen your delivery.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Senior Pension Transitions Consultant in Hove
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with pension schemes and transitions. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant qualifications!
Showcase Your Communication Skills: Since clear communication is key in this role, use your application to demonstrate your ability to convey complex information simply. We love seeing examples of how you've effectively communicated with stakeholders in the past.
Highlight Your Project Management Experience: We’re looking for someone who can manage tight deadlines and prioritise effectively. Share specific examples of projects you’ve led or contributed to, especially those involving pension risk transfers or similar areas.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Banner Life Family of Companies
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of Defined Benefit schemes and the latest pension regulations. Being able to discuss these topics confidently will show that you're not just familiar with the basics, but that you truly understand the complexities involved in pension risk transfer.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, like managing tight deadlines or ensuring accurate data reconciliation. Think of examples from your past experience where you've successfully navigated similar challenges, and be ready to share those stories.
✨Showcase Your Communication Skills
Since this role involves liaising with various stakeholders, practice articulating complex information clearly and concisely. You might want to prepare a few examples of how you've tailored your communication style to different audiences in previous roles.
✨Demonstrate Your Project Management Prowess
Be ready to discuss your project management experience, especially in relation to onboarding processes. Highlight any tools or methodologies you've used to keep projects on track and how you've contributed to continuous improvement in your previous roles.