Transition Manager

🕒 May 26

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Pension Insurance Corporation plc

WebsiteLinkedInAll Job Openings

201 - 500 employees

💰 Private Equity Round on 2018-06

The purpose of PIC is to pay the pensions of its current and future policyholders. PIC provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. At half year 2023, PIC had insured 339,900 pension scheme members and had £44.9 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of UK defined benefit pension schemes. PIC has made total pension payments of almost £12 billion to its policyholders. Clients include FTSE 100 companies, multinationals and the public sector. PIC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN 454345).

📋 Description

• The role requires the ability to effectively collaborate with Risk, Legal, Origination, Finance, and Operations functions within the Company to manage buy-in and buy-out pension portfolios of varying levels of complexity whilst maintaining our excellent levels of customer service to our policyholders. • The role requires the ability to build effective and collaborative working relationships with external partners to include but not limited to third party providers, advisors, Trustees and their professional advisers to ensure the seamless implementation of new business and deliver excellent customer service to our policyholders. • To apply technical knowledge and market insights concerning the transitions portfolio and how any fluctuations may impact our policyholders. • To deliver strong business outcomes relating to systems, processes, and technology improvements and automation as appropriate, which deliver positive outcomes for the Company brand and market reputation as well as for our policyholders on a consistent basis. • Conducts thorough analysis of PIC insurance contracts, scheme benefit information and supporting data. • Leads on assigned transition projects from inception to completion ensuring that all objectives are met on time, within budget and in adherence to PIC policies and regulatory requirements. • Responsible for the development of comprehensive transition plans and strategies, including risk assessment, mitigation plans and continual review against objectives. • Prepare comprehensive project documentation, including project plans, status reports, action logs, risk/issue logs and post-implementation reviews reflective of the intended audience that demonstrate sound analysis and recommendations for enhancing quality control processes • Effectively collaborates with internal business functions and external providers such as Trustees and advisors to define the project scope, goals, actions and deliverables of buy-in and buy-out pension schemes subject always to enhancing PIC’s brand and reputation and adhering to the PIC values. • Takes ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills relevant to the Transitions department. • Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to defined benefit pension schemes by attending industry seminars, reading and sharing relevant published articles.

🎯 Requirements

• **Knowledge** • - Good technical knowledge of transition projects in the insurance industry • - Established knowledge of buy-in and buy-out pension schemes • - Excellent knowledge of Transitions processes, policies and controls • - Advanced knowledge of data analysis and interpretation • - Knowledge of working in a regulated environment. • **Skills** • - Strong organisational skills • - Strong communication skills • - Attention to detail • - Analytical skills • - Ability to persuade and influence both directly and indirectly • - Project management skills • - Ability to organize work to meet deadlines • - Ability to work within defined procedures as recommended by functional teams • - Commercial judgement • - Good working knowledge of MS Excel, MS PowerPoint, MS Word. • **Experience** • - Recognised qualification in project management, change management or strong employment record of pension administration • - Experience in developing effective monitoring and quality control processes • - Experience of delivering change management projects with minimal disruption/impact to customer service levels • - Experience working in a corporate or consulting environment in a client facing capacity • - Capable and willing to work towards achieving the relevant qualification to support career development

🏖️ Benefits

• In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.