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About the Role

The Transition Manager is responsible for the end-to-end transition process for Pension Risk Transfer (PRT) schemes, including managing individual schemes and developing transition management processes. PRT is a division within M&G Life focused on designing and delivering bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes.

Responsibilities

• Manage the transition process of buy-in schemes into the business and the transition from buy-in to buy-out, including attaching Defined Contribution benefits.
• Oversee the data verification and post-sales pricing process.
• Perform data validation and quality assurance checks on scheme data, collaborating with Operations and clients to resolve issues.
• Participate in external sales presentations and support the Origination team.
• Produce and manage transition plans with clients and internal stakeholders.
• Serve as the primary internal contact for all queries related to agreed schemes.
• Collaborate with the Operations team to resolve complex queries.
• Own the residual risk due diligence process.
• Support the broader team with new initiatives and propositions.

Requirements

• Strong relationship management skills.
• Strong analytical and problem-solving skills.
• Strong data analysis and validation skills with the ability to identify and investigate data quality issues.
• Experience interpreting and validating Defined Benefit pension scheme data.
• Financial Services & Insurance knowledge, particularly around defined benefit pension de-risking, with profits, longevity swaps, and investment solutions (including Defined Contribution investment solutions).
• Experience with due diligence processes and procedures.
• Experience transitioning data from Pension Schemes to Insurers, Insurer to Insurer transfers, and across administration platforms.
• High degree of honesty, integrity, and discretion.

Skills

• Relationship management
• Analytical skills
• Problem-solving skills
• Data analysis
• Data validation
• Interpreting Defined Benefit pension scheme data
• Financial Services knowledge
• Insurance knowledge
• Defined benefit pension de-risking knowledge
• With profits knowledge
• Longevity swaps knowledge
• Investment solutions knowledge
• Defined Contribution investment solutions knowledge
• Due diligence processes
• Due diligence procedures
• Transitioning data
• Pension Technical knowledge (desirable)
• Written communication skills
• Presentation skills

Location

• London
• Reading

Work Type

• Flexible working arrangements

Experience Level

• Experienced Colleague

Benefits

• Pension scheme of up to 18% (13% employer, 5% employee)
• Access to Share Save and Share Incentive Plan
• Financial wellbeing and support services
• 38 days annual leave (including bank holidays)
• Opportunity to purchase up to five extra days of leave
• Time Off When You Need It policy
• Market-leading Inspiring Families policy
• Comprehensive support and paid parental leave (maternity, adoption, surrogacy, paternity)
• Private Healthcare
• Critical Illness cover
• Life Assurance
• Additional family options for Health & Protection cover

About the Company

• M&G has a heritage dating back more than 175 years with a long history of innovation in savings and investments, combining asset management and insurance expertise.
• The Asset Management and Life segments work together to provide access to balanced, long-term investment and savings solutions.
• M&G aims to create an exceptional place to work by embodying values of telling it like it is, owning it now, and moving it forward together with care and integrity.

Equal Opportunity

• M&G strives to have a diverse workforce and an inclusive culture, supported by policies and employee-led networks.
• Applications are welcomed from people of all backgrounds, including individuals with disabilities, neurodivergent individuals, career returners, and those with military service experience.
• M&G is a Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme.
• The recruitment process is committed to being inclusive, with opportunities to request reasonable adjustments.