PRT - Transitions Director

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. We are the UK’s longest-running insurer and longest-serving active bulk annuity provider.

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 one million customers, around 700,000 of whom are institutional customers.

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.

• 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 final 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

• Pensions qualification (such as PMI) or equivalent practical experience is essential. Having a Project Management Qualification (such as PRINCE2) is 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

• Opportunity to participate in an annual, performance‑related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare plan
• 30 days holiday, plus public holidays
• Competitive family leave
• Access to an electric car scheme with a brand‑new electric car through tax‑efficient salary sacrifice
• Discounts on our own products and across a range of high street stores and online
• Commitment to net‑zero carbon workplaces by 2030, investing in sustainable, modern offices across the UK

At L&G, we believe it’s possible to generate positive returns today while helping to build a better future for all.

When 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, we empower you through initiatives that support career development and excellence.

We care passionately about outcomes rather than attendance and are open to discussing flexible working options, including part‑time, term‑time and job shares. Some roles have limited flexibility due to customer demand, but we accommodate requests whenever possible.

We appreciate that you may not meet every single criterion in this advert; we encourage you to consider what you excel at and what other strengths, potential and connections you bring to our purpose.