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Job Description
In this role, you will work with Employee Benefit Consultants and Trustees of new PRT business to develop scheme-specific transition plans, reconcile scheme member data, and accurately & contractually record the benefits secured. This ensures all parties have the most up-to-date information for ongoing scheme administration. In more detail, you will:
* Develop a scheme-specific transition plan for all transactions and provide documentation to Trustees, advisers, and interested parties, demonstrating how the transition project is being handled. Establish and maintain structures to control and transition the scheme efficiently and promptly.
* Analyze scheme benefits and data to draft legal agreements that ensure proper administration of benefits.
* Ensure all teams within PRT have the correct benefit specifications and data, perform peer reviews, and communicate effectively with stakeholders.
* Manage the progress of allocated schemes, conduct regular reviews, and respond promptly to customer communications.
* Support the new business origination team and Transition Managers in stakeholder relationship management, including participation in meetings and site visits.
* Follow processes to ensure timely communication and maintain a full audit trail throughout the onboarding process.
* Keep internal and external customers updated on key information impacting their processing.
* Support team development through training and mentoring.
* Ensure customer communications are sufficiently tailored and compliant with Consumer Duty requirements.
Qualifications
Pension qualifications such as CII or PMI, or demonstrable equivalent experience.
Knowledge
* Knowledge of pension regulations for DB schemes, including de-risking processes.
* Understanding of benefits structure and administration in Defined Benefit schemes.
* Compliance with legislation such as GDPR, Money Laundering, Complaints, Treating Customers Fairly, and Breach guidelines.
* Awareness of risks and proactive risk mitigation.
Skills
* Organization and project management experience.
* Ability to manage tight timescales and prioritize tasks.
* Clear written and verbal communication skills.
Additional Information
Legal & General offers benefits like 25 days holiday, private medical insurance, a pension scheme, life assurance, family leave, performance bonuses, and discounts. We are committed to an inclusive culture, flexible working, and supporting your career development. Join us to be part of a leading financial services organization dedicated to creating value for customers and society.
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