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. 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.
Who we are
Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. 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’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.
Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US)L&G Business Unit: Legal & General Retirements InstitutionalL&G sub Business Unit: INSTITUTIONAL RETIREMENTSPrimary Location: Hove, One City ParkJob Family: Defined Benefits
