Manager of Performance Management - Hove, East Sussex, United Kingdom - Legal & General
Description
Securing pensions over the long term can be a challenge for many businesses.
Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees.
We're helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members' financial security in retirement.
In the last 30 years we've written more UK business than any other insurer, and we currently look after more than half a million pension policyholders.
In this role you will manage the complete end to end scheme implementation and on-boarding of a portfolio of new Pension Risk Transfer (PRT) business.
including beauty parades, performing administration risk assessments, creating benefit specifications and leading site visits, as well as producing opportunity specific project documentation and marketing material.
You will also lead on the development of 'scheme specific' transition plans for a portfolio of transactions and provide these to all Trustees, their advisers and all interested parties within L&G to demonstrate how the transition project is being handled.
You will also take liaise with trustees, brokers and administrators, to agree a timescale and process for verifying data to ensure that benefits are costed accurately and reflect the legal liabilities being taken on by L&G.
As well as undertaking a Post Implementation Review for each scheme, and meeting with or reporting to the Trustees, their advisers and administrators as appropriate.
You will also maintain an excellent knowledge of the Pension Risk Transfer proposition and processes of L&G along with any changes to pensions and de-risking legislation to further support the development of our Pension Risk Transfer Implementation capabilities across our UK business structures and future active territories.
This is a hybrid working opportunity based from our Hove Offices, which will allow you to work flexibly between your home and the office to find a work/life balance that works for you.
Pension Qualification:
Demonstrable experience in administering and on-boarding Defined Benefit (DB) pension schemes.
Knowledge of pension regulations for DB schemes, including a detailed understanding of the requirements for schemes in the course of wind-up, and the interaction with PPF and FAS.
This includes processes around data/benefit input, FR reconciliation, inception costings, administration processes and customer communication.An understanding of the current challenges and opportunities in the Pension Risk Transfer market.
Keeps up to date with any legislative changes and understands the legal framework around de-risking and buy in/ buy out contracts (with an understanding of Part 7 Transfers being highly desirable)
Actively contributes to the enhancement of the overall performance of the team and takes ownership of and resolves any issues, referring to their manager only when required.
Strong organisational and change management skills and attention to detail, with a demonstrated ability to prioritise and work independently, managing a high-volume of tasks and deadlines.
Proficient in using Microsoft products, especially Excel.Competitive Salary
Holiday Allowance - 27 days plus all UK bank holidays
Pension Contribution - L&G match any personal contributions up to 5% and provide a further contribution of 5% per month
Private Medical Insurance
Life Insurance
The brand with the brolly is choosing today to change tomorrow.
Since 1836, we've grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.
We're all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.
At L&G, you'll find a balance that helps you be your best. Empowered by hybrid working, we're supported by technology and workplaces that enable us to work effectively wherever we are. And, when we achieve great things, we celebrate our success and reward strong performance.
Today, there's over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G.
We don't just talk about it, we actively promote diversity and equitable opportunities for all.
That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status.
In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.We want you to use your voice to help us build a better tomorrow.
we're always open to discussing flexible working arrangements. Likewise, we're committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.