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- 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: Competitive salary, career growth, and the chance to make a real difference.
- Why this job: Be part of a dynamic team during a period of exponential growth.
- Qualifications: Experience in the BPA market and strong project management skills.
- Other info: Collaborative environment with opportunities to build relationships at all levels.
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.
- 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 in London employer: The Actuary Group
Contact Detail:
The Actuary Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land BPA Transition Lead / Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the BPA market and let them know you're on the hunt for opportunities. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK Defined Benefit Pensions and the BPA process. Be ready to discuss your project management experience and how you’ve successfully managed stakeholder relationships in the past. Confidence is key!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've used data to drive decisions in previous roles. This will demonstrate your ability to manage the operational relationships and ensure readiness for transitions, which is crucial for this role.
✨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 our team and being part of something special in the BPA market.
We think you need these skills to ace BPA Transition Lead / Manager in London
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 the BPA market and project management skills to show us you’re the right fit for the role.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you’re passionate about the BPA sector and how your background aligns with our mission. This is your chance to showcase your personality and enthusiasm!
Showcase Relevant Experience: When detailing your work history, focus on experiences that relate directly to the responsibilities listed in the job description. We want to see how you’ve successfully managed transitions or projects in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at The Actuary Group
✨Know Your BPA Stuff
Make sure you brush up on your knowledge of the Bulk Purchase Annuity market and the transition process. Being able to discuss recent trends or challenges in the industry will show that you're not just familiar with the basics, but that you're genuinely engaged and informed.
✨Show Off Your Project Management Skills
Prepare specific examples of past projects you've managed, especially those related to pensions or financial services. Highlight how you built project plans, managed stakeholders, and navigated any challenges. This will demonstrate your capability to handle the responsibilities of the role.
✨Build Relationships Before You Even Start
Think about how you can establish rapport with potential colleagues and stakeholders during the interview. Mention any strategies you've used in the past to build productive relationships, as this is crucial for the role. A friendly approach can go a long way!
✨Excel at Excel
Since advanced MS Excel skills are a must, be ready to discuss your experience with data analysis and any complex tasks you've tackled using Excel. If possible, bring examples of your work or describe scenarios where your analytical skills made a difference.
