Pension Transitions Manager
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About the role
You will manage a portfolio of scheme transitions from the client's initial signing of the bulk purchase annutiy (BPA) contract through to a full insurance buy-out You will be the key point of contact for the insurance client, attending regular transition calls/meetings and coordinating with the scheme's ceding administrator Manage the journey to buy in and then buy out by leading a team of project transitions experts. Coordinating with support teams to ensure retirement calculations and letters are automated. Ensure that procedures are documented and establish controls for new clients during transitions process ensuring that lessons learned from previous transitions are incorporated Work on ad hoc client chargeable projects as required Identify and efficiently resolve issues, putting forward solutions which will enable projects to be effectively delivered in accordance with client requirements Gain a good understanding of the Outsourcing administration business, service initiatives and project delivery impact on profitability Manage a projects transitions team to ensure that projects are delivered on time Be responsible for the team members' performance reviews.
Requirements
- Experience of dealing with occupational pension schemes especially DB schemes is essential and experience with Pensions Projects is an advantage
- Previous experience in delivery of pensions administration services to clients is essential
- Experience with insurance buy-ins, buy-outs and money purchase knowledge is an advantage.
- Record of identifying opportunities for improvement with subsequent delivery
- Excellent communication skills including verbal and written communication
- Self-starter who takes responsibility for the delivery of the work allocated
- Highly organized, motivated individual with strong team skills
Benefits
Additional Information
Join us as a Pensions Transitions Manager within our Outsourcing line of business based out of our Redhill office working hybrid. This is an exciting role working on pensions transitions from trust based DB pensions schemes which are transitioning into a full insurance buy out. You will be majorly responsible for managing high profile projects from the initiation through to completion and will act as the lead client contact during the project delivery phase. You will have a good understanding of the various delivery work streams across pensions administration and a strong background in final salary pensions administration
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