At a Glance
- Tasks: Join our team to develop tailored transition plans for pension risk transfers.
- Company: Legal & General, a leading UK financial services group with a rich history.
- Benefits: Enjoy competitive pay, generous holidays, and a supportive work environment.
- Other info: Be part of an inclusive culture that values diverse perspectives and career growth.
- Why this job: Make a real impact in the financial sector while enjoying flexible working options.
- Qualifications: Pensions qualification or equivalent experience, with strong knowledge of DB regulations.
The predicted salary is between 55000 - 65000 £ 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.
Job Description
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 both 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
- Analysing 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 identifying 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
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 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
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.
Senior Pension Transitions Consultant in Glasgow employer: LegalAndGeneral
Contact Detail:
LegalAndGeneral Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pension Transitions Consultant in Glasgow
✨Tip Number 1
Network like a pro! Reach out to people in the pension industry, especially those at L&G. A friendly chat can open doors and give you insights that might just help you land that Senior Pension Transitions Consultant role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of DB pension regulations and scheme structures. We want to see your expertise shine through, so be ready to discuss how you can contribute to our award-winning team!
✨Tip Number 3
Showcase your project management skills! Be ready to share examples of how you've successfully managed tight deadlines and prioritised workloads in the past. This will demonstrate your ability to take ownership 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 Senior Pension Transitions Consultant in Glasgow
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Pension Transitions Consultant role. Highlight your experience with DB pension regulations and any relevant qualifications, like CII or PMI. We want to see how your skills align with what we’re looking for!
Showcase Your Communication Skills: Since clear communication is key in this role, don’t forget to demonstrate your ability to communicate effectively in your application. Use examples that show how you’ve tailored your communication style for different stakeholders. We love a good story!
Highlight Your Project Management Experience: We’re keen on seeing your organisational and project management skills. Share specific examples of projects you’ve managed, especially those involving tight deadlines or complex data. This will help us understand how you can take ownership of allocated schemes.
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’s super easy to do – just follow the prompts and you’ll be set!
How to prepare for a job interview at LegalAndGeneral
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of Defined Benefit (DB) pension regulations and structures. Being able to discuss specific schemes and their de-risking processes will show that you’re not just familiar with the basics, but that you can handle the complexities involved in pension transitions.
✨Prepare for Scenario Questions
Expect to be asked how you would handle specific situations related to onboarding new Pension Risk Transfer business. Think about past experiences where you’ve developed transition plans or managed tight deadlines, and be ready to share those examples clearly and confidently.
✨Showcase Your Communication Skills
Since the role involves liaising with various stakeholders, practice articulating complex information in a clear and professional manner. You might want to prepare a few examples of how you've tailored communications for different audiences in the past, as this will demonstrate your adaptability.
✨Demonstrate Your Project Management Prowess
Be ready to discuss your project management experience, especially any hands-on projects you've led. Highlight your organisational skills and how you prioritise tasks to meet deadlines, as this is crucial for managing the end-to-end ownership of allocated schemes.