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- Tasks: Onboard new Pension Risk Transfer business and ensure accurate benefit administration.
- Company: Join Legal & General, a leading UK financial services group with a rich history.
- Benefits: Enjoy competitive pay, generous holidays, healthcare, and an electric car scheme.
- Why this job: Make a real impact in the financial sector while enjoying a flexible work-life balance.
- Qualifications: Pension qualification or equivalent experience; strong communication and project management skills.
- Other info: Be part of an inclusive culture that values diverse backgrounds and 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 have 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. 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 are 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 will play a key role in onboarding new Pension Risk Transfer (PRT) business into L&G. You will 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 will 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 are 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 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 will 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 London 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 London
✨Tip Number 1
Network like a pro! Reach out to current employees at L&G on LinkedIn or through mutual connections. Ask them about their experiences and any tips they might have for landing the Transitions Consultant role.
✨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 you can contribute to excellent customer outcomes with your skills.
✨Tip Number 3
Showcase your project management skills! Think of examples where you've effectively organised tasks and built strong relationships with stakeholders. This will highlight your ability to manage the progress of allocated schemes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at L&G.
We think you need these skills to ace Transitions Consultant in London
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 written application to demonstrate your ability to convey complex information simply. We want to see how you can communicate effectively with both internal teams and external stakeholders.
Be Detail-Oriented: Pay attention to the details in your application. Ensure that your data and examples are accurate and relevant, as this reflects the meticulous nature of the work we do at L&G. A well-organised application speaks volumes!
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. Plus, it’s super easy!
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're serious about the role and understand the industry.
✨Master the Art of Communication
Since you'll be working closely 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.
✨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 demonstrate your ability to handle the responsibilities of a Transitions Consultant.
✨Build Relationships Like a Pro
Highlight your experience in building strong relationships with stakeholders. Prepare anecdotes that illustrate your ability to collaborate and share updates effectively, as this is crucial for ensuring excellent customer outcomes.
