PRT - Transitions Director

• Permanent/Regular or Fixed Term Contract/Temporary:
  Permanent (UK and ROW) / Regular (US)
• L&G Business Unit:
  Legal & General Retirements Institutional
• L&G sub Business Unit: INSTITUTIONAL RETIREMENTS
• Primary
  
  Location:
  
  London, One Coleman Street
• Job Family:
  Defined Benefits

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.

We’re looking for a Transitions Director to join our Award-Winning Pension Risk Transfer business.

This is a senior, client-facing role where you’ll bring deep Defined Benefit pensions knowledge, strong implementation experience and the confidence to work with Trustees, Sponsors, Advisers and Internal Stakeholders.

You’ll play a key part in shaping client servicing propositions, leading on complex implementation activity and making sure that customers receive consistently good outcomes. This is a hybrid working opportunity, which will allow you to work flexibly between your home and the office, to help you find a work-life balance that works for you.

What you ll be doing:

• Providing technical expertise across legal, regulatory, reinsurance, product development and operational matters
• Owning tailored servicing responses for RFQs and supporting new business opportunities
• Leading client and customer servicing content in pitches and finals presentations
• Understanding prospective clients, their de-risking plans and scheme-specific onboarding needs
• Managing end-to-end implementation activity for large and complex PRT transactions
• Producing clear documentation and MI to support governance, progress tracking and decision making
• Completing post-implementation reviews with Trustees, Advisers and Administrators
• Supporting with the development of pensions technical, transition and onboarding capability across the team

Who we re looking for:

• Pensions qualification (such as PMI) or equivalent practical experience is essential. With Project Management Qualification (such as PRINCE2) also highly desirable
• Strong experience administering, transitioning or onboarding Defined Benefit pension schemes
• In-depth knowledge of Pension Risk Transfer, including buy-ins and buy-outs
• Strong understanding of DB pension regulations, wind-up requirements and related customer impacts
• Experience presenting to Trustees, Advisers and other Senior External Stakeholders
• Strong project management, organisation and prioritisation skills
• Ability to work confidently with complex data, benefit calculations and operational processes
• Clear communication skills, with the ability to influence across complex Stakeholder groups

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
• Life assurance
• Competitive family…