At a Glance
- Tasks: Lead exciting projects in the Bulk Purchase Annuity team and manage transitions.
- Company: Join a trusted company with a proud heritage in securing financial futures.
- Benefits: Accelerate your career with growth opportunities and make a real difference.
- Other info: Collaborative environment with a focus on professional development.
- Why this job: Be part of a thriving business during an exciting period of growth.
- Qualifications: Experience in the BPA market and strong project management skills required.
The predicted salary is between 36000 - 60000 € per year.
Our client has a proud heritage in helping people secure their financial futures. They are continuing to build on that foundation and are growing their thriving bulk annuity business, partnering with pension schemes to protect members’ retirement benefits. This is a fantastic opportunity to join them in an exciting period of exponential growth and be part of a trusted business, where your work makes a real difference and you can accelerate your career.
This position reports to the Head of BPA Operations and plays an integral role in the Bulk Purchase Annuity team. Working independently, you will undertake a variety of different tasks to enable the department to meet its objectives, including:
- Support the Head of BPA Operations with the successful execution and onboarding of Bulk Purchase Annuity business and the transition of schemes onto our clients' administration platform, deputising as required at all points of the transition journey.
- Build and drive project plans for each proposed buy-in execution.
- Build and drive project plans for each transition to buy-out, including the true-up.
- Manage the operational relationships with EBCs/Trustees/ceding administrators throughout the transition processes.
- Represent Utmost in Trustee and EBC meetings.
- Work collaboratively and manage the operational relationships with Trustees and ceding administrators during the post-buy-in period.
- Ensure operational readiness is achieved for each new transition.
- Support the preparation of contractual documents and individual policy documents.
- Support the data cleansing and data true up process.
- Keep abreast of industry issues and developments.
- Identify and escalate emerging issues.
- Any other task or activity as may be reasonably expected within this role.
- Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
- Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards.
Core competencies:
- Knowledge of UK Defined Benefit Pensions and the BPA market.
- Excellent knowledge of the BPA process, from deal execution to buy-out.
- Strong project management and stakeholder management skills.
- Advanced MS Excel skills.
- Strong data analytical skills.
- Able to build productive relationships at all levels.
- Good presentation, communication, negotiation skills.
- Proactive, pragmatic, adaptable and flexible.
Experience and qualifications:
- Experience of the BPA market and the transition process.
- Proven project management and stakeholder management experience.
If you think these skills align well with your own and you are keen to join a progressive company involved in one of the most robust and mature insurance markets globally, please apply today.
BPA Transition Lead / Manager employer: The Actuary Group
Join a forward-thinking company with a rich history in securing financial futures, where your contributions directly impact the lives of pension scheme members. With a strong focus on employee development and a collaborative work culture, this role offers you the chance to thrive in a rapidly growing sector while enjoying comprehensive benefits and opportunities for career advancement. Located in a dynamic environment, you'll be part of a trusted team that values innovation and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land BPA Transition Lead / Manager
✨Tip Number 1
Network like a pro! Reach out to people in the BPA industry on LinkedIn or at networking events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its recent projects. Show them you’re not just another candidate; you’re genuinely interested in their mission and how you can contribute.
✨Tip Number 3
Practice your presentation skills! You might need to represent the company in meetings, so being able to communicate clearly and confidently is key. Grab a friend and do some mock presentations.
✨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 are proactive about their job search.
We think you need these skills to ace BPA Transition Lead / Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your knowledge of UK Defined Benefit Pensions and the BPA market, as well as your project management skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the BPA market and how your background makes you a perfect fit for this role. Don’t forget to mention your ability to build relationships and manage stakeholders effectively.
Showcase Your Analytical Skills:Since strong data analytical skills are key for this position, consider including specific examples of how you've used these skills in past roles. We love seeing numbers and results that demonstrate your impact!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, we’re excited to see what you bring to the table!
How to prepare for a job interview at The Actuary Group
✨Know Your BPA Inside Out
Make sure you brush up on your knowledge of the Bulk Purchase Annuity (BPA) market. Understand the processes from deal execution to buy-out, and be ready to discuss how your experience aligns with these aspects. This will show that you're not just familiar with the terminology but can also apply it practically.
✨Showcase Your Project Management Skills
Prepare specific examples of past projects you've managed, especially those related to transitions or stakeholder management. Be ready to explain your approach to building project plans and how you’ve successfully navigated challenges in previous roles. This will demonstrate your capability to handle the responsibilities of the position.
✨Build Rapport with Stakeholders
Since this role involves managing relationships with Trustees and ceding administrators, think about how you can convey your interpersonal skills. Prepare anecdotes that highlight your ability to build productive relationships and communicate effectively, as this will be crucial for success in the role.
✨Stay Updated on Industry Trends
Familiarise yourself with current issues and developments in the UK Defined Benefit Pensions landscape. Being able to discuss recent changes or trends during your interview will show that you’re proactive and genuinely interested in the field, which can set you apart from other candidates.
