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- Tasks: Join our team to onboard new Pension Risk Transfer business and ensure accurate benefit administration.
- Company: Legal & General, a leading UK financial services group with a focus on safeguarding financial futures.
- Benefits: Enjoy competitive pay, generous holiday, healthcare, and the chance to participate in share schemes.
- Why this job: Make a real impact in the financial sector while enjoying a flexible hybrid working environment.
- Qualifications: Pension qualification or equivalent experience, with strong communication and project management skills.
- Other info: Be part of an inclusive culture that values diverse backgrounds and supports career development.
The predicted salary is between 36000 - 60000 £ per year.
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 currently recruiting for a Transitions Consultant to join our Award Winning Pension Risk Transfer Business. By joining our Transitions team as a Transitions Consultant, you’ll play a key role in onboarding new Pension Risk Transfer (PRT) business into L&G. You’ll work closely with trustees, consultants and other internal teams to ensure that benefits are correctly recorded and administered. This is a hybrid working opportunity, which will allow you to work between both your home and the office to find a work-life balance that works for you.
What you’ll be doing:
- Analysing scheme benefits and data to support legal agreement drafting
- Ensuring benefit specifications and data are accurate across all teams
- Managing the progress of allocated schemes and responding to communications
- Supporting new business origination and attending site visits
- Advising on administration capabilities and data quality pre-transaction
- Following processes to maintain audit trails throughout onboarding
- Collaborating with internal and external stakeholders to share key updates
- Contributing to excellent customer outcomes through timely and accurate work
Qualifications
Who we’re looking for:
- Holding a pension qualification such as CII or PMI, or equivalent experience
- Understanding Defined Benefit pension schemes and de-risking processes
- Demonstrating knowledge of relevant legislation including GDPR and TCF
- Communicating clearly and professionally in both written and verbal formats
- Organising and managing projects effectively
- Prioritising tasks and escalating when needed
- Building strong relationships with internal and external stakeholders
- Delivering accurate and cost-effective service with a customer-first mindset
Benefits
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 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 the many discounts we offer – both for our own products and at a range of high street stores and online
- In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
Additional Information
At L&G, we believe it’s possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive 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 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. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.
Transitions Consultant in Glasgow employer: Legal And General Group
Contact Detail:
Legal And General Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Transitions Consultant in Glasgow
✨Tip Number 1
Network like a pro! Reach out to current or former employees at L&G on LinkedIn. Ask them about their experiences and any tips they might have for landing the Transitions Consultant role. Personal connections can give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Defined Benefit pension schemes and de-risking processes. Be ready to discuss how your skills align with the responsibilities of the role, especially around managing projects and collaborating with stakeholders.
✨Tip Number 3
Show off your communication skills! During interviews, make sure to articulate your thoughts clearly and professionally. Practice answering common interview questions out loud to build confidence and ensure you convey your customer-first mindset effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining L&G and being part of our mission to build a better society.
We think you need these skills to ace Transitions Consultant in Glasgow
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Transitions Consultant role. Highlight your experience with pension schemes and any relevant qualifications, like CII or PMI, to show us you’re the right fit!
Showcase Your Communication Skills: Since clear communication is key in this role, use your application to demonstrate your written skills. Keep it professional but let your personality shine through – we want to see how you can connect with stakeholders!
Be Detail-Oriented: Pay attention to the details in your application. We’re looking for someone who can manage data accurately, so make sure your application is free from errors and clearly organised. It’s a great way to show us you care about quality!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people and shows us you’re serious about joining our team at L&G!
How to prepare for a job interview at Legal And General Group
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of Defined Benefit pension schemes and de-risking processes. Being able to discuss these topics confidently will show that you understand the core of what Legal & General does, and it’ll help you stand out as a knowledgeable candidate.
✨Master the Art of Communication
Since the role involves collaborating with trustees and consultants, practice clear and professional communication. Prepare examples of how you've effectively communicated complex information in the past, both in writing and verbally, to demonstrate your skills during the interview.
✨Showcase Your Project Management Skills
Be ready to discuss how you organise and manage projects. Think of specific instances where you prioritised tasks and escalated issues when necessary. This will highlight your ability to handle the responsibilities of managing allocated schemes effectively.
✨Build Relationships Like a Pro
The role requires strong relationship-building skills with internal and external stakeholders. Prepare to share examples of how you've successfully built and maintained relationships in previous roles, as this will be crucial for ensuring excellent customer outcomes at L&G.
