At a Glance
- Tasks: Manage the transition process for pension schemes and ensure data quality.
- Company: M&G, a leading financial services provider with over 175 years of innovation.
- Benefits: Competitive pension scheme, 38 days annual leave, and private healthcare.
- Other info: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Join a dynamic team and make a real impact in financial services.
- Qualifications: Strong analytical skills and experience in pension scheme data management.
The predicted salary is between 60000 - 70800 £ per year.
At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.
Pension Risk Transfer (PRT) is a division within M&G Life with a remit to design and deliver bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes. Due to ongoing success and a strong opportunity, the team is adding headcount in a number of areas.
The Transition Manager is responsible for the end to end transition process including managing individual schemes and development of the transition management processes.
Key Responsibilities for this role:- Responsible for the transition process of buy in schemes into the business and the transition of scheme from buy in to buy out (including attaching DC benefits)
- Management of the data verification / post sales pricing process
- Perform data validation and quality assurance checks on scheme data, working with Operations and clients to resolve issues
- Participate in external sales presentations and support the Origination team where appropriate
- Produce and own transition plans with clients and internal stakeholders
- Act as key internal contact point for all queries relating to the agreed schemes
- Work with the Operations team to resolve complex queries
- Own the residual risk due diligence process
- Support the broader team with new initiatives and propositions
- Strong relationship management skills
- Strong analytical and problem solving skills
- Strong data analysis and validation skills with the ability to identify and investigate data quality issues
- Experience interpreting and validating Defined Benefit pension scheme data
- Financial Services & Insurance knowledge, especially around defined benefit pension de-risking, with profits, longevity swaps and investment solutions (including Defined Contribution investment solutions)
- Experience of due diligence processes and procedures
- Experience of transitioning data from Pension Schemes to Insurers, Insurer to Insurer transfers and across administration platforms
- Passion for the customer
- Pension Technical knowledge desirable
- Effective written and presentation skills
- High degree of honesty, integrity and discretion
We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future.
Our UK benefits include:- A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
- Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services.
- Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days.
- Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
- Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options.
At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.
M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.
We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com
Transition Manager employer: M&gprudential
M&GPrudential is an excellent employer, offering a dynamic work environment where you can lead a dedicated team and make a significant impact on financial reporting. With a strong commitment to employee well-being, the company provides generous benefits including a pension scheme, extensive annual leave, and comprehensive health coverage, all within a diverse and inclusive culture that fosters professional growth and development.
StudySmarter Expert Advice🤫
We think this is how you could land Transition Manager
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like M&gprudential. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from M&gprudential.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like M&gprudential. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Transition Manager
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in M&gprudential and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show M&gprudential how you can be a team player!
How to prepare for a job interview at M&gprudential
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with M&gprudential.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with M&gprudential's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
